TIB Car Scheme is an investment facility designed to facilitate in-service Defense Officers to purchase a car for their personal use. The product is designed under Hire Purchase under Shirkatul Melk.
- For Any New or Reconditioned Car
- Investment Amount: Max Tk. 12.00 Lac
- Minimum 50% equity participation is required
- Customer Segment: Any confirmed and in-service Defense Officers (Bangladesh Army, Bangladesh Air Force and Bangladesh Navy) who have the means and capacity to repay bank investment.
- Purpose: Purchase of non-commercial new and reconditioned vehicles for personal use.
- Location: Customer should have present address / residence within the city or town areas where the Bank has it’s branch at the time of availing of the investment facility.
- Minimum age: 21 years
- Maximum age: Max in conformity with retired age (having one year of unexpired service length ahead of investment tenor).>
- Minimum Income: The customer must have sufficient income to repay the monthly investment installment.
- >Type of Car: New car, jeep, microbus, Reconditioned New car, jeep, microbus - 6 years from the date of manufacture as declared by the Govt. from time to time.
- Tenor: Maximum 60 months
