Offered by
Modhumoti Bank
Modhumoti Vehicle Loan
- Conventional
- Auto loan
Key figures
- Interest rate from
- 14.00% per annum
- Amount
- BDT 3,00,000–BDT 40,00,000
- Tenor
- 12–60 months
Lowest published rate across 3 applicant types — see rates below
Rates
- All customers
- 0.50% per annum
Eligibility
These are the criteria the institution publishes for this product. Meeting them is not an approval — the institution alone decides who it lends to, on information it collects itself.
- Maximum age
- 65 years
- Minimum age
- 21 years
- Minimum time in business
- 36 months
- Minimum monthly income
- BDT 40,000
- For: Business owners
- Minimum time in permanent employment
- 6 months
- Institution’s notes
- Not published
Required documents
- Bank statement
- 12 copies
- Business card and office id
- Intro letter or pay slip
- Nid or passport
- Photo
- Professional certificate
- Tin
- Trade license or moa
Loan details
- Minimum amount
- BDT 3,00,000
- Maximum amount
- BDT 40,00,000
- Minimum tenor
- 12 months
- Maximum tenor
- 60 months
- Maximum loan-to-value
- 50%
- VAT
- Applies, as per government rate
- Security
- Hypothecation
- Vehicle condition
- New, Reconditioned
- Eligible purposes
- Personal use
- Full early settlement allowed
- Yes
- Partial early settlement allowed
- Yes
7 more items Modhumoti Bank has not published
- Grace period, up to
- Not published
- Tenor includes the grace period
- Not published
- Amount includes interest during the grace period
- Not published
- Loan takeover allowed
- Not published
- Repayment method
- Not published
- Automatic debit
- Not published
- Guarantors required
- Not published
Fees, charges, and limits
Every charge this institution publishes for this product is listed below. Interest and profit rates are shown separately in the Rates section above. Where a row reads “not published”, the institution has not published a figure for it — that is not the same as there being no such charge. Confirm with the institution.
- Advance income tax (AIT) certificate fee
- BDT 300
- Loan balance certificate fee
- BDT 300
- No-objection certificate (NOC) fee
- BDT 300
- Commitment fee on undisbursed amount
- BDT 1,000
- Documentation charge
- At Actual
- Early settlement fee
- 0.5%
- Reduced rate through enlisted vendors
- −0.50 percentage points
- Processing fee
- Free
- Loan rescheduling fee
- 0.25%, up to BDT 10,000
Benefits
Not published by the institution.
Verification and links
- This product on the bank’s website (opens the institution’s own site in a new tab)
- All products from Modhumoti Bank
You’re about to leave sherabankerkhoj.com for Modhumoti Bank. They alone decide whether you are approved, the rate and charges you finally pay, and when any funds are released.
Other products of this type
Other products of the same type from other institutions, in no particular order. This is not a ranking and nothing here is recommended.
No other products of this type are published yet.