• Home
• Banks
• Bank Asia
• Loans
• Auto Loan

Auto Loan

• Detail
• Branches
• ATMs
• Loans
• Routings

This product will allow car financing to the customer segment. Under this scheme, the vehicle is hypothecated to the bank only. In addition to this registration requirement, on a case-to-case basis, bank may also secure the loan partially by the commonly acceptable form of cash/ quasi cash securities available in the market.

Loan Feature

• Loan amount Maximum BDT 20,00,000.00 for both Recondition & Brand new car.
• Repayment tenure Maximum 5 years for reconditioned car & 6 years for Brand new car.
• Payment method- Equal Monthly Installments.
• Competitive interest rate.
• No early settlement & partial adjustment fees.
• No hidden cost.

Eligibility

• Age limit: Minimum 25 years, Maximum 65 years at loan maturity.
• Monthly surplus income (after meeting all expenses) shall be at least BDT 15,000.00.
• For salaried individual, minimum service length of 3 years and must be a confirmed employee. For self employed individual, a business record of minimum 3 years.

Customer Segment
Any Bangladeshi individual who has the means and capacity to repay bank loan; In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed/ self-employed tax-paying individual having a reliable source of income.

Bank Asia may change, add or remove any conditions any time without notification.

---

More Credit Offers from Bank Asia

• Consumer Durable Loan

About Bank Asia Limited

Bank Asia Limited is a prominent private commercial bank in Bangladesh, founded in 1999 with the objective of providing innovative and customer-centric banking solutions. The bank was established by a group of renowned entrepreneurs and professionals with the vision to become a leading financial institution in the country. Over the years, Bank Asia has grown significantly, expanding its network of branches and offering a comprehensive range of banking services. Its commitment to modern banking practices, customer satisfaction, and technological advancements has allowed it to become one of the most respected names in the Bangladeshi banking sector.

Bank Asia offers a wide array of services to meet the diverse needs of its customers. These services include traditional banking products like savings accounts, current accounts, fixed deposits, and term loans, as well as more specialized services such as foreign exchange, trade finance, and working capital solutions for businesses. The bank is also known for providing retail banking services like personal loans, home loans, and car loans, designed to make financial products accessible to individuals from all walks of life. In addition to these conventional services, Bank Asia is a leader in the field of digital banking in Bangladesh, offering facilities like mobile banking, internet banking, and ATM services to ensure convenience and accessibility for its customers.

Bank Asia has also focused on providing services to the small and medium enterprises (SME) sector, which plays a vital role in the country's economic growth. By offering tailored financing solutions, the bank has supported many entrepreneurs and businesses in expanding their operations and contributing to job creation. The bank's approach to SME financing has been instrumental in fostering entrepreneurship and economic development in Bangladesh.

In recent years, Bank Asia has embraced digital transformation, introducing state-of-the-art banking technologies to cater to the growing demand for online services. With its user-friendly mobile banking app and internet banking platform, customers can access their accounts, transfer funds, pay bills, and perform other financial transactions with ease. The bank’s commitment to innovation and customer satisfaction is further reflected in its emphasis on financial inclusion, ensuring that even underserved populations can access banking services.

As a responsible corporate entity, Bank Asia also participates in various corporate social responsibility (CSR) initiatives, supporting education, healthcare, and environmental sustainability projects. These efforts demonstrate the bank's dedication to giving back to the community and contributing to the country's overall development.

Today, Bank Asia stands as a strong pillar of Bangladesh's banking industry, offering a broad spectrum of financial services backed by modern technology, a customer-focused approach, and a commitment to sustainability. Through its continued growth and innovation, Bank Asia continues to play a crucial role in the financial sector and the broader economic development of Bangladesh.