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Car Loan

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


Need to know more

  • Call now on 01199 88LOAN (5626), 01199 88HSBC (4722)

  • Contact us

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