EBL Auto Loan

EBL Auto Loan

An attractive package with lowest interest rate.

Key Product Features

Interest Rate 11.50%
Lowest interest rate is provided by EBL at this moment.

Fixed Interest
Min. financing Amount BDT350000
Max. financing Amount BDT4000000 or 50% of car value whichever is lower.
Min. loan tenure 1 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration If all documents are okay, Eastern Bank may take approximately 1 month to be approved to get this loan.

Fees and Charges

One time set-up Penalties
Processing fee
1% on approved loan amount.

Sanction letter fee
Early Settlement
2% and Partial payment fee: 2%, Not before 6 months and atleast 30% of the outstanding amount.

Late Payment Charges
3% on overdue amount.
Other Charges
  • CIB Charge: BDT 200.
  • CPV Charge BDT 350.


Age requirement
Age 22years - 60years

Min Income requirement
BDT30000 gross per month

Employment Eligibility
  • Salaried Employee
  • Self Employed
  • Land Owner


  • #Salaried executives: Minimum 3 years experience with 6 months employment with present employer.
  • #Self Employed like Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant & IT Professionals: Minimum 2 years experience , Businessperson : Minimum 2 years experience.
  • #Businessperson : Minimum 2 years experience.
  • #Landlords.

Other requirements

Car Registration
Allows joint applicant?
Car Insurance
1st Class Insurance Required.
  • One personal guarantee.
  • Joint registration of the vehicle.
  • First party comprehensive insurance of the car.
You just need only one personal guarantor to be approved to get this loan.

EBL Auto Loan

Required Documents

  • Latest one year's personal bank statement.
  • Photocopy of national ID/Passport.
  • One copy passport size photograph of the applicant.
  • One copy passport size photograph of guarantor.
  • Price quotation of the vehicle.
  • Business card/ visiting card of the applicant.
  • Personal TIN certificate.

Additional documents required for salaried person:

  • Letter of Introduction stating salary, issued by the employer.

Additional documents required for business person:

  • Copy of Trade License.
  • Company’s bank statement for last one year.
  • Memorandum of Articles for Limited Liability Company.

Additional documents required for self-employed person:

  • Professional Certificate issued by the authorized institution.

Additional documents required for landlord:

  • Valid documents of the property, Rent receipt/deed.

Additional Information

  • EBL offers this product for Brand new cars and for Reconditioned cars they prefer Toyota "Station Wagons, Sedan & SUVs" First.
  • Joint Applicant Allowed: Combined Gross monthly income should be minimum BDT 40,000 per month and Spouse is allowed as Joint Applicant.
  • 15% VAT applicable to all kind of charges and fees.