Bank Asia PLC has launched a Two-Wheeler Loan facility to provide customers with easy and convenient financing for purchasing new two-wheelers.
Under this facility, customers will be able to purchase brand-new fuel-driven or electric two-wheelers for their personal, non-commercial use.
The new loan facility was inaugurated by ANM Mahfuz, additional managing director of the bank, on September 15, at a ceremony held at Bank Asia Tower, Karwan Bazar, Dhaka.
Zahed Chowdhury, head of asset, retail Banking, along with other senior officials of the bank, was also present at the event.
Under the two-wheeler loan facility, salaried individuals, self-employed professionals, businesspersons, individuals with regular and verifiable sources of income will be able to avail the loan facility ranging from a minimum of Tk50,000 to a maximum of Tk5 lakh at a competitive interest rate.
It will be up to 50% of the vehicle price. Customers will have the convenience of repaying the loan through Equal Monthly Installments (EMI) over a maximum tenure of four years.
Applicants must be at least 22 years of age, while the maximum age at loan maturity is 65 years.
Bank Asia continues to expand its retail banking services with a focus on providing need-based financial solutions that cater to the changing needs and lifestyles of its customers.
The newly launched loan product facilitates the customers to avail two-wheelers to meet their everyday transportation needs.