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Midland Bank Limited

Midland Bank Limited

 (+88) 096 66 410 999 & (+88) 096 11 410 999

 (+88) 02 8837 735

 info.mdb@midlandbankbd.net

Loan information of MIDLAND BANK LIMITED
NameMDB Car Loan
Category Car Loan
Loan AmountBDT 2.00 Lac to BDT 40.00 Lac
Rates13.00%
Tenure1-5 years
Charges

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Conditions

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FeaturedNo
Description

Enjoy the freedom of driving your own car with MDB Car Loan. Car loan for purchase of brand new or reconditioned car (for private use only). Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower.

Benefit
  • Competitive interest rate.
  • Early full settlement and partial settlement allowed.
  • No hidden charges.
  • Quick loan processing.
  • Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower.
Eligibility

Age :

  • Minimum : 21 Years
  • Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)

Minimum Gross Monthly Income :

  • Govt. Employees : Minimum BDT 25,000 per Month
  • Salaried Exec. : Minimum BDT 30,000 per Month
  • Professionals/Businessperson : Minimum BDT 30,000 per Month

Experience :

  • Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer
  • Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience
  • Businessperson : Minimum 2 years of involvement in business
Supporting Documents

As per Bank;s requirement.

*Bdbankbazaar is not responsible for any discrepancy of interest rate and terms and condition of respective Bank/ NBFI