SMBL Vehicle Loan

Loan Amount:

• Minimum Tk. 50,000/-.
• Maximum TK. 60, 00,000/-
• Maximum TK. 80, 00,000/- (For Hybrid and electric vehicle)
• Tenor: Maximum 60 Months
• LTV: 60:40
• LTV: 80:20 (For Hybrid and electric vehicle)

• Purchase of brand new and reconditioned vehicles (car, motor bikes) for personal use. 
• Brand new/ recondition any acceptable brand. Model: Five years older from year of manufacturing.

Common Documents

• Photocopy of NID of the loan applicant and guarantor.
• Latest Tax Clearance Certificate/Tax Return Receipt.
• Passport-size photograph of both loan applicant and guarantor.
•  Visiting card/office ID copy (if applicable).
• Price quotation for the vehicle.
• Bank statement for the last 12 months

Additional Documents for Salaried Individuals

• Proof of Employment: Letter of Introduction (LOI), employment or appointment letter.
• Salary details: Pay slip/salary certificate or cash vouchers for the last 6 months.
• Latest Contract Letter for contractual employees

Additional Documents for Businesspersons

• Trade license (up to date for the last 3 years).
• Registered partnership deed (for partnership concerns).
• MOA and Certificate of Incorporation (for limited companies).
• Latest offer letter of OD/CC/TR/Hypo etc.
• Latest Tax certificate of the company.

Additional Documents for Self-Employed Professionals

• Professional certificate issued by concerned authorized institution.
• Certificate of membership of respective professional Association.
• Income declaration on individual chamber pad signed by applicant.

Additional Documents for Landlords

• Valid property documents. (Deed, Update land tax, DCR, Mutation) etc. 
• Rent receipts or rental deeds.
• Updated utility Bills