Customers having sufficient net cash flow to deposit the installments regularly of the following segment:

Customer Segment:

For permanent/confirmed service holders of Govt., Semi-Govt., Autonomous Organizations, Banks, Insurance Companies, Public Limited Companies, Multinational Companies, NGOs, Employees of Private Limited Companies, acceptable to the bank, covered by guarantee of another employee of equal or higher grade. Teachers of Universities, Colleges & Schools (Affiliated). Professional persons like Doctors, Engineers, Chartered Accountants, and Architects.

Purpose:

• To procure brand new/reconditioned Personal Transport, of age not more than 5 years.
• The Vehicle should have maximum 10(ten) seats.
• Model year is in the limit of 5 year.

Nationality & Age Limit:

• Bangladeshi by birth.
• Minimum age 25 years / Maximum age 54 years
• But loan tenor shall not exceed 59 years of age.

Minimum Income:

• Net Income should be at least Tk. 40,000/- per month. (To be substantiated by evidence) The customer must have sufficient net cash flow to repay the loan installments regularly.

Loan Size:

• Minimum 5.00 Lac Maximum Tk. 40.00 Lac.

Maximum Term of Loan:

• 5 years.

Loan to price:

• Regulated by Bangladesh Bank from time to time. Presently Loan to Car value is 50:50 ratio and should not exceed Tk.40 lacs (Maximum amount)

Rate of Interest:

• As determined by the bank from to time.

Security/ Collateral:

• Registration of vehicle in favor of JBL
• Personal guarantee of the applicant & applicant’s spouse.
• Third party Guarantor shall be equal to or creditworthy than the principal applicant.
• Post dated cheques for installments and one undated cheque covering entire loan amount with interest.
• Comprehensive 1st party insurance coverage of asset favouring the bank.