|Name||IDLC Car Loan|
|Tenure||5 years (Min.)|
- Fee for application form BDT.500.00
- Processing fee @1.00%+VAT
- Prepayment Charges @2.00% +VAT
Owning a car is no longer a luxury; rather, it has become a basic necessity. In this time of rush hour traffic and round-the-clock routine, having your own car ensures personal control as well as mobility. In one word, it improves your quality of life. IDLC Car Loan facility is here to make it happen for you. Our facility is to help you purchase brand new and/or reconditioned vehicles.
- No hidden charges or fees
- No Personal Guarantee required
- Partial or full prepayment option
- Special discount on vehicle price offered by renowned dealers, under special arrangement with IDLC
Car Registration :
Joint Registration of the vehicle under the names of both the borrower(s) and IDLC.
- Between 22 years to 60 years (Loan must be repaid on or before the age of 60)
- Service-holders/Professionals: Taka 40,000 (including income of co-borrower, in case of joint application)
- Landlords: Taka 50,000
- Business Persons:
- Small and Medium Segment: Taka 50,000
- Corporate Segment: Taka 75,000
- NRB Service-holders: Taka 75,000; NRB Business Persons: Taka 100,000
Minimum Work/Business Experience :
- Service-holders and Professionals: Minimum 2 years, and at least 6 months with the current employer.
- Business Persons: Minimum 3 years (Corporate Segment) and minimum 5 years (Small and Medium Segment)