Auto Loan Interest Rate – Top 20 Bank Compare in Bangladesh

Do you want to know Auto Loan Interest Rate or Car loan Interest rate in Bangladesh? Yes, Friends! Here is your Top 20 Bank Auto Loan Rate Compare in Bd.

Looking to own a new, reconditioned, or used car? Get Auto Loan compare from any bank today! Most of the Bangladeshi bank strives to increase independence and improve the quality of life by being there for you.

Auto Loan Interest Rate

Here is your top bank’s auto loan interest rate by the table. You will find out more about this at the end of the list.

Bank NameMaximumTenureInterest
IPDC bd100%6 Years12%
IDLC80%6 Years 
City bank40 Lac6 Years 
Premier bank40 Lac6 Years 
Prime bank40 Lac5 Years 
AB Bank40 Lac5 Years16%
Brac Bank40 Lac5 Years11.75%
Dhaka Bank40 Lac5 Years11.00%
HSBC20 Lac5 Years 
EBL40 Lac5 Years 
UCB40 Lac5 Years 
Midland bank40 Lac5 Years 
Mercantile40 Lac5 Years 
Mutual Trust40 Lac5 Years 
Trust bank40 Lac5 Years12.50%
NRB Global40 Lac5 Years15%
One bank40 Lac5 Years10.99%

Auto Loan Details

Now I tell you about all bank auto loan details. This information was collected from the reliable departments of each bank. We will inform you here if any information is updated by the bank authorities.

IPDC bd Auto loan

Looking to own a new, reconditioned, or used car? Get Auto Loan from IPDC Finance Limited today! We strive to increase independence and improve the quality of life by being there for you.

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You can apply for IPDC Auto Loan if you are-

  • Salaried, self-employed, businessmen or landlord 
  • Age must be minimum 21 years (if income is to be considered) and maximum 60 years of retirement (whichever is lower)
  • Your verifiable minimum monthly income – 30,000/-
  • Your minimum working experience – Salaried- 1 year, Self Employed- 2 years, Business- 3 years
Documents Required
  • Application form (Filled and signed)
  • Copy of NID or Passport (applicants and guarantors)
  • Photographs (applicants and guarantors)
  • Utility bill copy
  • Salary/income slips
  • Bank Statements
  • Other income-related documents
  • E-TIN Copy
  • Quotation from a vendor/car dealer
Loan Term and Amount
  • Amount: Any amount supported by income
  • Term: Auto loan can be availed up to 72 months (new), and 60 months (reconditioned and used)
  • Coverage: Generally, IPDC offers auto loan up to 100% of the vehicle value

IDLC Auto Loan

A car is not a privilege anymore, it’s your right to commute comfortably. Add in those weekends of family trips, long-drives with friends and you’ve got the perfect recipe of happiness.

At IDLC we believe that auto-financing should be fast and hassle-free. So let us finance not only the journey to your dream car but also those impulse decisions that change your lifestyle.

You can apply for this loan right now if you meet the following:

  • Your age is between 22 to 60 years
  • Just 2 years of work experience (for service holders) or 3 to 5 years of business experience (for entrepreneurs)

Minimum monthly income required –

  • Service-holders/Professionals: Taka 40,000
  • Landlords: Taka 50,000
  • Business Person (SME) – Taka 50,000
  • Business Person (Corporate) – Taka 75,000
  • NRB Service-holders: Taka 75,000
  • NRB Business Persons: Taka 100,000
city bank limited

City Bank Auto Loan

  • Age: 22 to 65
  • Salaried Executive: Minimum 1-year experience including 6 months with current employer
  • Professionals: 1-year experience of practice
  • Businessman: Minimum 2 years involvement in the same business
  • Income Criteria: Minimum BDT 60,000
  • Personal guarantor not required
  • 1% of the loan amount
  • Loan amount ranging from BDT 3 lac to BDT 40 lac
  • Financing up to 50% of reconditioned or new vehicle price
  • Up to 100% financing for the loan against cash security
  • Loan tenure 12 months to 72 months
  • No hidden charges
  • Competitive interest rate
Premier Bank Limited

Premier Bank Auto loan

Your drive to succeed has got you this far. Now indulge in your passion for driving some of the world’s finest automobiles and enjoy power, performance, and luxury.

Features
  • Auto Loan for the purchase of a brand new and reconditioned car for private use only.
  • Loan amount ranges from BDT 200,000 to BDT 4,000,000.
  • Repayment tenure of 12 months up to 72 months
  • Automatic realization of monthly installment
  • one personal guarantee required
  • Minimal Documentation
  • Any creditworthy individuals with a minimum of three (3) years’ experience like:
  • Salaried executives
  • Self Employed: Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant & IT Professionals
  • Businessperson
  • Age Minimum: 25 Years
  • Maximum: 65 years

Prime Bank Auto Loan

Get and drive your dream car through our wonderful car loan facilities. We offer you to materialize your dream of owning a car. Whether you want to purchase a brand new car or a reconditioned one, we care about your requirements!

Features
  • Offer to purchase brand new or reconditioned vehicle/auto for personal use purposes.
  • Attractive variable interest rate
  • Competitive Processing Fee & Early Settlement Fees
  • Flexible loan tenor (Maximum 05 Years)
  • Maximum loan amount BDT 40 Lac
  • Loan repayment with Equal Monthly Installment (EMI)
  • Convenience loan processing (Time & Location)
Requirements
  • Age (Minimum: 22 years & Maximum: 65 years)
  • Personal Guarantor: One (01)
AB Bank Limited

AB Bank Auto Loan

  • To purchase any unregistered vehicle for personal use.
  • 50% of the price of the vehicle subject to maximum Tk. 40 Lac.
  • Application fee: Tk. 500/-
  • Processing fee: 1% on the approved loan amount.
  • Tenor up to 60 months
  • The vehicle will be registered in the name of the Bank on account of the customer.
  • Spouse or any immediate family members.
BRAC Bank Limited

Brac Bank Auto Loan

Whether you want to purchase a brand new car or a reconditioned one, BRAC Bank Auto Loan is built for maximum speed and efficiency. Get your dream car on the road in no time.

  • Interest Rate: Starts from 11.75%
  • Processing Fee: 1% of the Loan Amount
  • Available for Salaried individuals, Business Persons, Self Employed & Landlord.
  • Minimum Age: 25 Years & Maximum age: 65 years at the time of loan maturity
  • Minimum Monthly Income: BDT 25,000 (for salaried); BDT 35,000 (for others)
  • Length of service: Confirmed employment with a total of 1 year work experience
  • Age of Business: Min 3 years
dhaka bank

Dhaka Bank Auto Loan

Own your dream car with Dhaka Bank car loans. Dhaka Bank offers a uniquely tailored Car Loan product that takes the pain and hassles out of buying a car.

Flexible, transparent, quick and cost-effective, our Car Loan put the joy back into owning a car.

  • Duly filled in Application Form & CIB undertaking with signature.
  • Latest studio print color passport size photograph of applicant / co-applicant (if any), spouse and guarantor Duly Attested by the Branch Manager.
  • National ID Card/Passport (photocopy) of applicant / co-applicant (if any), spouse and Guarantor Duly Attested by the Branch Manager.
  • Latest Personal TIN With Certified Copy of IT10B of Applicant/Co-applicant (If Any), Spouse (If Available), 3rd Party Guarantor (If Available), Duly Attested by the Branch Manager.
  • Personal Bank Statement: For Salaried Person: Last Six Months, For Business Person & Others: Last One Year
  • Sanction Copy & Loan Account Statement (If Any Existing Loan)
  • Price Quotation Duly Accepted by Client
  • Recent Electricity Bill (If Residence is Self Owned/Parent Owned/Family Owned)
HSBC Bank Bangladesh

HSBC Car Loan

So you have found your dream car that you have always wanted. Now comes the difficult part – arranging for the funding.

You approach banks and financial companies who want guarantees and securities against loans and you feel your dream slipping away.

Features
  • No personal guarantee or cash security
  • Wide range of loan amounts – Minimum: BDT 100,000, Maximum: 30% of car value (as per Central Bank guidelines) up to a maximum of BDT2,000,000*
  • Competitive interest rates
  • Interest is calculated on monthly reducing balance
  • Low processing fees
  • The flexible repayment schedule of 12, 24, 36, 48 or 60 months
Eastern Bank Limited

Eastern Bank Auto loan

  • Auto Loan for the purchase of a brand new and reconditioned car for private use only    
  • Loan amount ranges from BDT 350,000 to BDT 4,000,000 (or 50% of car value whichever is lower)   
  • Competitive interest rate    
  • Repayment tenure of 12 months to 60 months    
  • Early Full and partial settlement allowed   
  • Spouse is allowed as Joint Applicant   
  • One personal guarantor required    
  • Minimal Documentation    
  • Shortest Loan Processing time
  • Minimum age: 22 Years
  • Maximum age: 60 years (For Salaried), 65 Years (For Others)
  • Salaried Executives: BDT 30,000  
  • Professionals/Businessman: BDT 40,000
United Commercial Bank Ltd

UCB Auto Loan

  • Purchasing non-commercial vehicles for personal use only
  • Financing for brand new and reconditioned cars of any brand
  • Maximum loan amount of up to BDT 40 Lacs or 50% of the car value, whichever is lower
  • Convenient loan repayment tenure of up to 5 years
  • Attractive interest rate and fees
  • No hidden charges
  • Fast approval process
  • Salaried executives, businesspersons, and self-employed individuals
  • Applicant must have a minimum income of:
  • Salaried customers: BDT 50,000
  • Self-employed customers: BDT 60,000
  • Businessmen: BDT 75,000
  • The loan applicant must be at least 21 years of age
Midland Bank Limited

Midland bank Auto Loan

  • Car loan for the purchase of a brand new or reconditioned car (for private use only)
  • Loan Amount ranges from BDT 200,000 to BDT 4,000,000
  • Repayment tenure of 12 months to 60 months
  • Competitive interest rate
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
  •  
Eligibility
  • Govt. Employees: Minimum BDT 25,000 per Month
  • Salaried Exec. : Minimum BDT 30,000 per Month
  • Professionals/Businessperson: Minimum BDT 30,000 per Month
  • Minimum age: 21 Years
  • Maximum age: 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
Mercantile Bank Limited Auto Loan Rate

Mercantile bank auto loan

The facility is designed with the easy repayment schedule, that gives you the opportunity to own a new/Reconditioned Car, to materialize your cherished dream.

  • To purchase the brand new or reconditioned vehicle for personal use only
  • Tk.40.00 lac (However, auto facility to the dependent members of an individual shall also be treated as part of the exposure of that individual).
  • 06 years for brand new and 05 years for reconditioned vehicle
  • Age limit 21-65 years
  • Loan-Equity Ratio 50:50
Mutual Trust Bank Limited Auto Loan Rate

Mutual Trust Auto Loan

Own that car you have always desired, with a little help from us. They offer lucrative interest rates that would pleasantly surprise you. MTB Auto Loans are built for the utmost speed and competence.

MTB Auto Loan is available for financing both new and reconditioned cars. Your dream car is closer than you think.

Features
  • Loan amounts from Tk. 3,00,000 to Tk. 40,00,000
  • Flexible repayment of 12 – 60 months
  • No hidden charges
  • Competitive interest rate
  • Easy documentation and quick processing
  • Option for early settlement
Eligibility
  • Age: minimum 21 and maximum 60 years at the end of loan maturity
  • Experience: Salaried executive total – 2 years
  • Businessperson/self-employed – 2 years
  • Monthly income: Minimum Tk. 30,000
Trust Bank Limited Auto Loan Rate

Trust Bank Auto Loan

Now a car is no longer luxury but necessity. Moreover, a car is more than a symbol of prestige. TBL offers you to materialize your dream of owning a car through the TBL car loan facility. To Purchase Reconditioned / Brand New vehicles (Car, SUV & Luxury Microbus )

  • Loan Limit: BDT 2 Lac – BDT 40 Lac
  • Tenure: 1 year – 5 Years
  • Minimum Down Payment: 50% 
  • Age Min. 21 years at the time of Application, Max. 60 years or Up to retirement age (whichever is Lower) at the end of Loan Tenure
NRB Global Bank Limited Auto Loan Rate

NRB Global Auto Loan

  • Target Group: Any creditworthy individuals like Salaried Executives, Self Employed & Business Person, landlord or lady is eligible.
  • Purpose: Financing for miscellaneous legitimate purposes during festivals
  • Loan limit: BDT 3,00,000 up to BDT 40,00,000
  • Repayment Tenure: 12 months – 60 months
  • Rate of Interest: 15% p.a
one bank limited Auto Loan Rate

One Bank Auto Loan

ONE Bank auto loan is a terminating loan facility for the purpose of financing the purchase of a brand new and reconditioned unregistered vehicles, for personal use only, under an Equated Monthly Installment (EMI) based repayment plan.

  • Loan amount ranges from BDT 2,00,000/- to BDT 40,00,000/-
  • Repayment tenure: Up to 60 months
  • Quick processing time
  • Minimal documentation
  • Any creditworthy individual having age between 21 to 70 years or retirement age whichever is earlier at loan maturity
  • Salaried Executives: Regular/Permanent employees with minimum 1 year of total experience and minimum 6 months’ with present employer
  • Professionals: Minimum 2 years of practice in the respective profession
  • Business Individuals: Minimum 2 years of business establishment

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