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FOR INDIVIDUAL

FOR BUSINESS

Benefits

Features of Standard Chartered Auto finance

car insurance

You can avail Saadiq Auto Finance to purchase a brand new, reconditioned, or used car.

money loan service

Enjoy competitive rental rate. Processing fee up to BDT 15,000, without any hidden charges.

Car Finance Calculator

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Payment figure for Standard Chartered Auto Finance is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final rent rate in accordance with applicable laws and amount that can be financed.

I am looking for a

With a value of

    • 200000
    • 4000000

    Please enter an amount between BDT 200,000 and BDT 4,000,000

    Manufactured in

    year

    Finance Tenure

    months

    Rent Rate

    %
    Rent paid comparison
    Tenure (in Years) Total Rent Paid Outstanding Mortgage

    The Approximate Monthly Repayment figure for mortgage is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final interest rate in accordance with applicable laws and amount that can be borrowed.

    Monthly Payment
    Total Rent

    Age of applicant

    Minimum age:

    • Salaried Segment: 23 years
    • Businessman/Self Employed: 25 years
    • For Self-Employed Doctors: 30 years

    Maximum age:

    • Salaried segment: 65 years or retirement age whichever is earlier.
    • Businessman / self-employed: 65 years at the end of the finance tenure.

    Eligible client segments (Citizens and residents of Bangladesh)

    • Salaried executives
    • Business persons
    • Self-employed professionals
    • Doctors

    Applicants must have a steady source of income from employment / business / self-employment activity.

    Customer location

    • All areas under Dhaka City Corporation and adjacent areas including Narayanganj, Tongi, Gazipur and Savar municipality areas
    • Chattogram City Corporation and adjacent Bhatiari area.
    • Sylhet and Khulna Metropolitan Areas

    Minimum net monthly income: BDT 40,000

    Mandatory documents for all clients

    • National ID Card
    • Passport size photograph
    • e-TIN Certificate

    Income documents for salaried clients

    • Original Letter of Introduction (salary certificate)
    • Latest 6 months’ bank statement with salary reflections.

    Documents for Businessman / Self employed clients

    • Updated Trade License with proof of last 3 years business experience
    • Partnership Deed /RJF certified with form1
    • RJSC certified certificate of incorporation, MOA / AOA, form X / XII / 117 (as applicable)
    • Business supporting documents like work orders

    * Bank may ask for additional supporting documents if deemed necessary.

    Maximum finance tenure

    60 months

    No, we can offer Saadiq Auto Finance only for purchase of non-commercial vehicles for personal use.

    Age of vehicle at the time of finance application:

    • For new / reconditioned vehicles: 5 years
    • For used vehicles: it can be more than 5 years provided that the vehicle was imported within 5 years from manufacturing year.

    Age of vehicle at the end of the finance tenure:

    • For all cars: maximum 10 years

    Yes. As per Bangladesh Bank regulation, the financed vehicle must be comprehensively insured (1st party insurance) throughout the finance tenure.

    To apply for an Auto finance , please contact your nearest branch of Standard Chartered Bank, or call our 24 hour client care centre at +8802 8332272, or 16233 (from mobile).

    You can also speak directly to any of our Sales Team Managers at the following numbers:

    Disclaimer

    This information is neither an offer to sell, purchase or subscribe nor a solicitation of such an offer. This information is general and does not take into account a person’s individual circumstances, objectives or needs. Please visit any of our branches or contact your relationship manager to make an appointment.

    Saadiq Auto Finance Buy the car that you have always wanted with our Shariah based Saadiq Auto Finance.

    Disclaimer

    This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/bd and entering a website operated by other parties:

    Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

    The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

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