HSBC bank Car loan

http://www.hsbc.com.bd/1/2/retail-banking/loans/car

Car Loan

So you have found your dream car that you have always wanted. Now comes the difficult part - arranging for the funding. You approach banks and financial companies who want guarantees and securities against loans and you feel your dream slipping away. Now with a car loan from HSBC, you can make your dream come true.

Features

• No personal guarantee or cash security
• Wide range of loan amounts -
    - Minimum: BDT100,000
    - Maximum: 30% of car value (as per Central Bank guidelines) up to a maximum of BDT2,000,000*
• Competitive interest rates
• Interest is calculated on monthly reducing balance
• Low processing fees
• Flexible repayment schedule of 12, 24, 36, 48 or 60 months

*The loan amount does not cover registration, insurance and other costs.

Eligibility

• Age: At least 23 years
• Professional Experience:
     - Salaried: Employed for at least two years by a well-reputed company
     - Self-employed: Business establishment for at least two years (with adequate proof)
• Minimum Monthly Income:
     - Salaried: BDT 20,000
     - Self Employed: BDT 50,000

Requirements

• Manufacturing year of the car must be within 5 years of application date
• The car must be covered under a comprehensive car insurance policy
• Documents stated in the Application Form

*All of the above are subject to conditions
*Last updated in October, 2010