City Bank Offers Second-Hand Auto Loans

If you want to own a car then City Bank is by your side to fulfill your dream. City Bank always tries to be with you by improving your life man.

Now a car is not just a luxury or just a status symbol, it is more than that. Cars have become a necessity in our daily life. You can check all car brands following our Car Price in Bangladesh page.

City Bank Offers Second-Hand Auto Loans

Weekends, long drives with friends, and you’re the perfect vehicle for happiness.

If you are looking for a financing solution to buy a car, City Bank at your side City Bank offers a variety of auto loans that will suit your needs.

City bank’s mission is to provide the highest level of service to ensure you receive the best care possible.

City Bank is excited to offer second-hand auto loans. They offer you the opportunity to make your dream of owning a car a reality with their City Bank Car Loan facility. That can help you get the car you need.

City Bank offers many auto loans to choose from, so you can find the perfect one for your needs.

City Bank auto loans are available in various terms and lengths, so you can find the perfect one for your needs.

Hence City Bank offers (Source) a straightforward process to get approval for buying a car:

Loan amount:

BDT 4 Lac – BDT 40 Lac

Financing on reconditioned or new vehicles:

Up to 50%

Loan tenure:

12 – 72 months

Eligibility:

Age: 22 to 65

Experience:

Salaried Executive: Minimum 1-year experience including 6 months with current employer

Professionals such as doctors, engineers, freelancers, and others with a minimum of 1 year of experience.

Businessman: Minimum 2 years involvement in the same business

Income Criteria: Minimum Income: Salaried Segment – BDT 40,000, All other Segments – BDT 60,000

Interest Rate: 

Competitive interest rate

Required Documents:

  • Common Documents for all Segments
  • Car Valuation Request
  • 4 copies of lab print Passport size photograph of the Loan applicant
  • Photocopy of NID/Smart card of the Loan applicant
  • Visiting Card/Business Card/Office ID copy of loan applicant
  • Latest E-TIN of the customer
  • Latest Utility bill copy
  • Sanction letter and repayment statement of existing loans (if any)

Documents for Salaried Person

  • Last 6 month’s Bank Statement
  • Letter of Introduction (LOI)/Salary Certificate/Pay Slip

Documents for Self-Employed/Professionals like Doctors, Engineers, Accountants, Architects, etc.

  • Last 6 month’s Bank Statement
  • Self-income declaration on professional Pad, Letterhead
  • Latest Professional Qualification/ Membership Certificate

Documents for Businessman

  • Last 1-year Bank Statement
  • Updated Trade License
  • Registered Partnership Deed for Partnership concern
  • MOA & Certificate of Incorporation for limited company
  • Schedule – X, XII, and Board resolution for the limited company (if Applicable)
  • Company TIN, BIN, VAT certificate, and Business card of the company (if applicable)

Documents for Landlord/Landlady

  • Last 6 month’s Bank Statement with rental reflection
  • Ownership Document of Rented Property
  • Rental Deed
  • Mutation copy (if applicable)

These are all essential documents; they might vary from time to time based on the bank’s requirements.

Sabbir Hossain
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