Benefits

Features of Standard Chartered Auto Loan

car insurance

You can avail auto loan to purchase a brand new, reconditioned, or used car.

money loan service

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

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 loan 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 income

  • 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.

No, we can offer auto loan only for purchase of non-commercial vehicles for personal use.

Age of vehicle at the time of loan 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 loan 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 loan tenure.

To apply for an Auto Loan , 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:

Auto Loan Buy the car that you have always wanted with our easy, hassle-free Auto Loan.

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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