To help a section of the officials, business houses and business executives and established professionals for movement in discharging their duties and responsibilities punctually and efficiently.
Permanent officials, teachers, businessmen, house owners, professionals, existing clients of IBBL,wage earners etc.
Nature of Goods / Items
Reconditioned / Brand new Private Car / Micro / Jeep / Auto Rickshaw etc.
Mode of Investment
Hire Purchase under Shirkatul Melk (HPSM)
Period of Investment
Maximum 4-years for reconditioned car and 5-years for brand new cars.
Rate of Return
16.00% or rate to be determined by the Bank from time to time.
Amount of Investment
Tk.2.00 million for reconditioned and Tk.3.00 million for brand new car.
30% or as per Bangladesh Bank Guideline.
Age of Clients
Minimum 21 years, Maximum 65 years.
Hypethecation on purchased vehicle, Personal /Corporate Guarantee(s).
How to Apply
Application Form shall have to be collected from nearest Branch of Islami Bank Bangladesh Ltd.