Brac Bank offers exclusive Auto Loan

Brac Bank is offering an auto loan with an attractive interest rate and processing fee for the country's 25 renowned car vendors.

With an interest rate of 8.5% and a processing fee of 1% only, the customers of the bank can avail of car loan up to Tk40 lakh, or maximum 50% of the car value, for up to a six-year tenure through joint registration of the vehicle in name of the customer and Brac Bank, said a media statement issued on Saturday.

Brac Bank's auto loan offer is applicable for all brand new vehicles (included Chinese-manufactured ones) and reconditioned vehicles.

Interested customers have been requested to contact their nearest Brac Bank branch or call to 16221 to get their desired auto-financing solution.

This offer will be valid till March 31 next.

Brac Bank Limited has been one of the country's fastest growing banks since its inception in 2001 with particular focus in the SME segment.

With 187 branches, 374 ATMs, 456 SME Unit offices and a diverse workforce of more than 8,000 people, the bank also serves customers across the corporate and retail segments.

The bank has generated particularly strong financial performance over the past five years and now leads the industry in most of the financial metrics.

With more than 1.3 million customers the bank has already proved to be the largest collateral free SME financier in just 19 years of its operation in Bangladesh and continues to serve as a benchmark for governance, transparency and compliance in the banking sector.