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Drive home happy with Jamuna Bank’s Auto Loan. Our attractive Auto Loan facility is available for financing both brand-new and reconditioned cars, offering a range of lucrative features and flexible options to suit your needs.
Key Features
- Purpose: To purchase brand-new or reconditioned cars for personal use.
- Loan Size: Minimum Tk. 5 Lac and Maximum Tk. 60 Lac.
- Loan Tenor: Maximum 5 years.
- Loan to Price Ratio: Maximum 60:40.
- In case of hybrid or electric cars, the maximum loan to price ratio is 70:30.
Eligibility & Parameters
- Age: Minimum 21 years and Maximum 60 years.
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Minimum Monthly Net Income:
Salaried Person – Tk. 40,000/- per month
Landlord – Tk. 50,000/- per month
Professional – Tk. 60,000/- per month
Businessman – Tk. 80,000/- per month
Length of Experience
- Salaried Person: Regular or permanent employees having a minimum of 1 year of total work experience and at least 6 months with the present employer.
- Professional / Self-Employed Person: Minimum 2 years of practice in the respective profession.
- Businessman: Minimum 2 years of business establishment with a valid Trade License.
- Landlord / House Owner: Minimum 1 year of house rental income and must be a taxpayer.
Required Documents
- National ID Card.
- Passport-size photographs.
- Bank account statements (minimum 06 months).
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Income and Professional Proof:
– For Service Holders: Letter of introduction from employer, salary certificate, pay slip, or employment ID card.
– For Professionals: Copy of professional certificate.
– For Landlords: Copy of rental agreement, rent receipts, and title/ownership documents of rented property.
– For Businessmen: Trade License.
– For Other Income: Proof of income. - Personal guarantee.
- e-TIN Certificate with up-to-date tax return submission receipt (if applicable).
- Copy of a utility bill for contact address or permanent address.
- Supplier’s or seller’s quotation of the car.