Auto Loan
Drive Your Dream Car Today
৳5L - ৳50L
Loan Amount
12% - 14%
Interest Rate
Up to 5 Years
Repayment Tenure
7-10 Days
Processing Time
Drive Your Dream
Toyota • Honda • Nissan • Mitsubishi
Own Your Dream Car
Transform your lifestyle with the freedom and comfort of your own vehicle
Whether it's daily commuting in Dhaka's busy traffic, weekend trips to Cox's Bazar, or visiting family in your hometown, having your own car makes life easier and more enjoyable. Advance Finance Auto Loan helps you purchase brand new or reconditioned vehicles from trusted brands like Toyota, Honda, Nissan, and Mitsubishi.
Key Features & Benefits
Comprehensive auto financing designed for your convenience
Flexible Loan Amount
৳5 Lac to ৳50 Lac
Finance up to 80% of your vehicle value with just 20% down payment. Perfect for both compact cars and premium SUVs.
Competitive Interest Rate
12% to 14% per annum
Negotiable rates based on your profile and relationship. Lower rates for existing customers and good credit history.
Extended Tenure
Up to 5 years (60 months)
Comfortable monthly installments that fit your budget. Choose tenure from 12 to 60 months based on your preference.
Quick Processing
7-10 working days
Fastest approval in Bangladesh. Submit documents today, drive your car next week. Minimal paperwork, maximum efficiency.
Wide Vehicle Coverage
Sedan, SUV, Microbus, Jeep
Finance any private vehicle for non-commercial use. Brand new or reconditioned up to 3 years old from authorized dealers.
Dealer Partnerships
50+ authorized dealers
Special arrangements with Toyota, Honda, Nissan dealers across Bangladesh. Hassle-free documentation support.
Popular Car Models
Most financed vehicles by our customers
Axio / Allion
৳12L - ৳25L
Most PopularPremio
৳18L - ৳30L
Vezel
৳25L - ৳40L
TrendingFit
৳12L - ৳20L
X-Trail
৳30L - ৳45L
Fielder
৳15L - ৳25L
Outlander
৳28L - ৳42L
CR-V
৳35L - ৳50L
All other brands and models are also eligible. Contact us for specific vehicle inquiry.
Eligibility Criteria
Check if you qualify for our auto loan
For Salaried Individuals
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Age: 21 to 60 years (not exceeding 65 at loan maturity)
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Minimum Income: ৳35,000 per month (gross salary)
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Job Tenure: At least 1 year at current employer
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Employment: Permanent position with reputable organization
For Business Owners
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Age: 21 to 60 years (not exceeding 65 at loan maturity)
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Minimum Income: ৳50,000 per month (net business income)
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Business Experience: At least 3 years in current business
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Documentation: Valid trade license and business proof
Additional Requirements
- Valid Bangladesh driving license (mandatory)
- Good credit history with no loan defaults
- Permanent residential address in Bangladesh
- Vehicle must be for personal use (non-commercial)
- Brand new or reconditioned max 3 years old
- Vehicle must be from authorized dealer
Required Documents
Keep these documents ready for quick processing
Identity Proof
- National ID Card (both sides)
- Passport (if applicable)
- 2 copies passport size photos
Income Proof
- Last 6 months salary slips
- Bank statement (6 months)
- Job certificate / Offer letter
Driving License
- Valid Bangladesh driving license
- Professional or Non-Professional
- Must be valid for loan tenure
Tax Documents
- TIN certificate
- Last year's tax return (if applicable)
- Tax payment receipt
Business Documents
- Trade License (for business owners)
- Business bank statements
- Partnership deed (if applicable)
Address Proof
- Utility bill (recent)
- Rental agreement / House deed
- Holding tax receipt
Note: For reconditioned vehicles, provide Blue Book copy and current tax token. All documents must be authentic and verifiable. Additional documents may be requested based on individual cases.
EMI Calculator
Calculate your monthly installment instantly
Your Loan Summary
This is an estimated calculation. Actual EMI may vary based on processing fees and other charges. Contact us for exact quote.
Simple Application Process
Get your auto loan approved in 4 easy steps
Apply Online/Offline
Fill application form online or visit nearest branch with required documents
Document Verification
Our team verifies your documents and checks eligibility within 2-3 days
Loan Approval
Get approval notification with sanctioned amount and terms in 7-10 days
Drive Your Car
Complete formalities, sign agreement, and drive your dream car home!
Frequently Asked Questions
Everything you need to know about our auto loan
Can I get a loan for a reconditioned car?
Yes, we finance both brand new and reconditioned vehicles. However, reconditioned cars should not be more than 3 years old from manufacturing date. The loan amount and interest rate may vary based on vehicle age and condition.
What is the minimum down payment required?
Minimum 20% down payment is required. For example, if you're buying a car worth ৳20 Lac, you need to pay ৳4 Lac as down payment and we'll finance ৳16 Lac. Higher down payment may get you better interest rates.
Can I foreclose my loan before tenure completion?
Yes, you can foreclose your auto loan after completing minimum 6 months of EMI payments. Early settlement charges of 2-3% of outstanding principal may apply. This helps you save on future interest payments.
Do I need to buy insurance for the car?
Yes, comprehensive vehicle insurance is mandatory for the entire loan tenure. The vehicle should be insured against theft, accident, and natural disasters. Insurance renewal proof must be submitted annually to the bank.
What happens if I miss an EMI payment?
Late payment charges will apply if EMI is not paid by due date. Continuous defaults may lead to loan recall and legal action. We recommend setting up auto-debit to ensure timely payments and maintain good credit history.
Can I transfer my auto loan to another bank?
Yes, auto loan balance transfer is possible subject to outstanding amount clearance and transfer charges. You'll need to complete foreclosure with current lender and apply fresh with new lender. This may be beneficial if you get lower interest rates elsewhere.