Get the keys to your dreams!
IPDC Auto Loan empowers you to own a pre-owned car of your choice. Experience convenience and reliability as you hit the road in style.
We are providing
- Up to 70% loan of the Car Price*
- Interest rate: Interest rate will be 11% (non-negotiable) for all segments.
- Loan processing Fee: 1%
- Loan tenure can be extended up to 6 years (condition applies)
Terms & Conditions
1.Client segment:
- Salaried
- Businessman
- Professional
- Landlord
- Institution
2.Vehicle category:
- Reconditioned / Used vehicle (having a fitness report from a reputed service workshop only).
- Used vehicles should not be more than 10 years old from the date of registration and not more than 12 years from the date of manufacturing.
3.Lease Amount:
- For individual: maximum up to BDT 10.00 million per unit.
- Approval period shall remain valid up to 2 months from the date of sanction in case of single vehicle.
4.Lease To Cost Limit:
A. For reconditioned vehicles:
- Maximum up to 70% of the cost of vehicle.
B. For used vehicles/Sale & Lease Back:
- For used Maximum up to 70% of the fair market value of vehicle.
- For Sale & Lease Back Maximum up to 60% of the fair market value of vehicle
C. Maximum up to 100% for fully or partially cash covered facility.
|
Vehicle Condition |
Vehicle Brand |
Vehicle Category |
LTV |
|
Reconditioned /Used |
Toyota |
All Category |
70% |
|
Honda |
All Category |
60% |
|
|
Nissan |
All Category |
60% |
|
|
Mitsubishi |
All Category |
60% |
|
|
Hyundai |
All Category |
60% |
|
|
BMW |
All Category |
60% |
|
|
Mercedes |
All Category |
60% |
|
|
Other Brands |
All Category |
50% |
5.Lease Tenure:
A. For reconditioned vehicles:
- Maximum up to 60 months.
B. For used vehicles/Sale & Lease Back:
- Maximum up to 48 months