Special interest loans and processing fees are being offered by BRAC Bank on purchases made at 25 car vendors, a press release has stated.
BRAC Bank customers can now purchase cars loans worth up to 40 lakhs, at an interest rate of 8.5 per cent and a processing fee of 1 per cent and a maximum of 50 per cent of the car value, for up to 6 years through joint registration of the vehicle in the name of customer and BRAC Bank.
The auto loan offer can be implemented on all brand new vehicles, including the Chinese-manufactured ones and reconditioned vehicles.
To find out their desired auto-financing solution, the nearest BRAC Bank branch or the 24 hour call center by dialling 16221 can be used by the customers. The offer is currently available until the 31st of March, 2021. To learn more about the BRAC Bank’s auto loan feature and associated auto vendors, customers can visit the bank’s web site.