IFIC Bank Car Loan & Auto Finance - Features, Fee & Requirements | Banking BD

Product Overview

IFIC Bank Car Loan provides financing up to 50% of vehicle value (up to ৳40 Lakh) for brand-new or imported reconditioned passenger vehicles (SUVs, sedans, microbuses) in Bangladesh. Enjoy express approvals, flexible tenures up to 5 years, and corporate insurance discounts.

Key Features & Benefits

• Financing for brand-new and reconditioned imported vehicles:
• Financing up to 50% of car valuation (maximum ৳40,00,000):
• Repayment tenures from 1 to 5 years (12 to 60 months):
• Express 72-hour loan approval processing:
• Comprehensive 1st Party vehicle insurance arranged at corporate discounted rates:

Product Specifications & Fee Schedule

Eligibility Criteria

• Age: 21 to 65 years
• Minimum monthly income: ৳35,000 for salaried; ৳50,000 for businesspersons
• Clean CIB record

Required Documents

• Signed Auto Loan Application Form
• NID, e-TIN, and passport photos
• Bank statement for last 6-12 months
• Salary Certificate / Trade License
• Vehicle price quotation from authorized showroom