• Home
• Banks
• Modhumoti Bank
• Loans
• Modhumoti Vehicle Loan

Modhumoti Vehicle Loan

• Detail
• Branches
• ATMs
• Loans
• Routings

Having a car, now a day, is no longer a luxury product, but it has become a necessity. To meet this necessary growing demand, Modhumoti Bank Limited introduces a very attractive loan scheme namely, Modhumoti Vehicle Loan with easy repayment options while getting bank loan becomes much tough for common people now a days. You can purchase brand new or recondition car for personal use by this excellent vehicle loan.

Key Features

• Loan amount ranging from BDT 3,00,000.00 to BDT 40,00,000.00.
• Car financing up to 50% of reconditioned or brand new car.
• No hidden charges.
• Competitive interest rate.
• Automatic realization of monthly installment.
• Early full and partial settlement allowed.
• Shortest loan processing time.
• Loan Tenor: 12 to 60 months.
• Processing Fee: 1% of Loan Amount.
• 0.50% less than the usual rate for vehicles purchase from Enlisted Car Vendors.

Eligibility

• Age between 21 and 60 years.

Length of Service/ Business/ Practice

• For Salaried Executives: Minimum 2 years of working experience with 6 months permanent employment with current employer.
• For Professionals: 1 year practice experience.
• For Businessmen: Minimum 2 years of involvement in business.

Monthly Income

• For salaried applicant BDT 30,000.00.
• For businessmen and self-employed applicants BDT 40,000.00.

Documentation Needed to Apply

• National ID Card/ Passport/ Driving license.
• Recent color photograph, business card and office ID card.
• Copy of TIN related document.
• Letter of introduction (In case of salaried executives) as per given format or Pay Slip.
• Professional Certificate for Professionals.
• Trade license/ MOA for Businessmen.
• Bank Statement of last 12 months.
• One personal guarantee required.
• Valid Quotation of the car to be purchased.

Security
Hypothecation over the car.

To know more, please contact any branches of Modhumoti Bank Limited on working days.

Or,
Retail Banking Division
Modhumoti Bank Limited
Head Office
DCCI Building (3rd Floor)
65-66 Motijheel C/A, Dhaka 1000.
Phone: 017 87662944 (10:00 am - 6:00 pm on working days).

N.B.: Modhumoti Bank may change, add or remove any conditions any time without notification.

About Modhumoti Bank PLC

Modhumoti Bank PLC is a 4th Generation private commercial bank and commenced its banking operations on September 19, 2013, serving clients with highest level of integrity, transparency and quality, hence we call it "Your Access to Success"! The vision of the bank is to lead the new generation of local commercial banks by excelling in customer delivery through insight, empower employees, smart use of technology and a full range of highest quality products and services. While forming this bank, it is focused not only strive towards creating a stable financial institution with quality products, but also the Bank itself will become an integral part of the community, helping others make positive changes and improve the life of people around us. We want to provide the highest level of services that you deserve. Thus, we welcome any propositions, ideas or advice from you regarding the improvement of our service quality, which we would implement into practice with the best of our abilities.