Hire Purchase

• Private
• Loan

Bank Financing is an easy and convenient repayment plan that provides you with a convenient repayment plan without the cost of capital to buy your used car.

Terms

• Down Payment (35%)
• Loan Period (Car - 2 years)
• Non-movable material (Apartment - 3 years)

 The interest rate

• 9% for one year
• 5% for 2-year term
• 5% for 3-year term

 Bank Service Fee

• P.O Commission (0.1%)
• Services Charges (1 year) 1% (yearly fees charges)

REQUIREMENT DOCUMENTS FOR OPENING ACCOUNT

1. (3) License Photo (Within 6 month)
2. NRC Copy
3. Household list Copy
4. Ward Recommendation (Duration 1months)
5. Police Recommendation (Duration 1months)
6. Source of Income (3 Months’ Salary Receipts Statements)
7. NRC & Household list copy of two guarantors
8. purchased Vehicle photo (Front ၊Rear ၊left & Right)
9. Collateral contract (or) Sales contracts
10. Dedication of the automotive trust contract
11. Car Owner Book (Original)
12. Premium Book
13. Insurance Policy Agreement
14. A copy of the Business License ၊ Company Registration Certificate
15. Meeting Minutes