SBL Auto Loan

  • General Features
    • Tenure: 12 Months. Maximum: 36 Months.
      Repayment method: Equal Monthly Installment.
      First repayment date: One month after the date of customer’s availing the loan.
      Debt Burden ratio: 50:50.
      Rate of Interest: 17% p.a.q.r (Subject to change time to time by the Head Office).
      Loan Processing Fee: 1% of loan Limit.
      Risk Fund: 1% of loan Limit.
      No hidden charge.
  • Purpose
    • Purchase of Private Car.
  • Ceiling
    • Maximum 10(Ten) Lac (But gross salary must be minimum One Lac. The car will be registered in joint name wherein SBL will be the First party. Customer will bear insurance & registration charge).
  • Eligibility
      1. Minimum age: Maximum age at loan maturity up to 60(Sixty) years. Minimum age: 25 years.
      2. Minimum service/Length of service: Regular employee having minimum two years service.
      3. Minimum Income: Minimum Tk. 1,00,000/-( One Lac) monthly gross salary.
  • Preferable Person
    • All Banks, All Gazzated Officers, Officers of Govt, Semi-Govt. organization & Multi National Companies. Teachers of public & private university.
  • Documents to be required to avail the loan
      1. Letter of introduction from the employer.
      2. Letter of undertaking for salary & terminal benefits assignment.
      3. Complete Charge Documents.
      4. For tangible assets letter of Hypothecation.
      5. Personal Guarantee of spouse/parents.
      6. Personal Guarantee of colleague or any person accepted to Bank.
      7. Personal Net-Worth statement.
      8. Post dated Cheques.
      9. One undated cheque.
      10. Three copies of Passport size photographs.
      11. TIN certificate.
      12. National ID Card/Citizenship certificate from the competent authority.

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