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Home > Personal Banking > Managing Your Needs > Loans > Auto Loan

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Auto Loan

With Standard Chartered Auto Loan, it is easier than ever to buy the car of your dream. It offers you a flexible and affordable loan with easy repayment options, all wrapped in a very convenient package. We finance a maximum of 75% of the car value. The loan amount may range from BDT 200,000 to BDT 5,000,000 for new / reconditioned cars and from 200,000 to BDT 1,000,000 for used cars.

Easy conditions to realise your dream car:

  • Salaried Executives / Self-employed Individuals
  • Minimum Age: 23 years (for salaried executives) and 25 years (for self-employed individuals)
  • Maximum Age: 65 years
  • Work Experience: Minimum 1-year service experience for salaried executives & 3 years for self-employed individuals.
  • Nationality: Bangladeshi
  • Minimum net income: BDT 25,000 for both salaried individuals and self employed persons per month.
Wide range vehicle types and brands to choose from:

  • New Vehicle: Car, Station Wagon, Jeep, 4-Wheeler Jeep, Microbus (Pick up or any vehicle for commercial use is not included in this scheme)
    Selected Brands for new vehicles: BMW, Jaguar, Mercedes Benz, Volvo, Toyota, Honda, Nissan, Mitsubishi, Suzuki, Maruti, Hyundai, Opel, Rover, Fiat, Tata, Daihatsu, Daewoo, Mahindra
  • Reconditioned Vehicle: Car, Station Wagon, Jeep, 4 Wheeler Jeep, Microbus (Pick up or any vehicle for commercial use is not included in this scheme)
    Selected Brands for reconditioned vehicles: Toyota, Honda, Nissan, Mitsubishi
  • Used Vehicle: Car, Station Wagon, Jeep, 4 Wheeler Jeep, Microbus
    Selected Brand for used vehicles: Toyota only
Vehicle Age specifications:

  • New Vehicle: Never used and ready for first time registration
  • Reconditioned Vehicle: Ready for first time registration and maximum age of the vehicle at the end of the loan must not be more than 10 years.
  • Used Vehicle: Ready for second time registration and maximum age of the vehicle at the end of the loan must not be more than 10 years.
Tailored Repayment Period:
Auto Loan from Standard Chartered has been custom designed, which lets you drive your dream car while providing you the convenience of repaying.
Maximum Repayment period
Brand New cars: 60 months
Reconditioned cars: 60 months for Toyota, 48 months for others
Used cars: 36 months


Competitive Cost:
We offer you one of the most competitive rates in the market. Our interest rate is only 13% per annum. However, you can enjoy lower interest rate if you prefer to deposit some security.

Processing Fee:
For loan amount from BDT 200,000 to BDT 399,000 : BDT 5,000.
For loan amount from BDT 400,000 to BDT 999,000 : BDT 7,500.
For loan amount 1,000,000 and more: 1% of loan amount.


Convenient:
At Standard Chartered, we believe in delivering our services to customers?doorsteps. Just call us at +88 (02) 8961151, 0173 041400-19 and let Standard Chartered help to realise your dream car.

Terms and conditions apply


 
 
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