TIB CNG Scheme is an investment facility designed for Defense Officers to provide financial supports for converting the vehicle from carbon based fuel system to CNG system. This is an unsecured investment because no additional security is arranged against this investment design under HPSM Principle & Islamic Banking.
- Purpose: To Convert the vehicle from carbon based fuel system to CNG system.
- Eligibility: Confirmed and in service Defense Officers (Bangladesh Army, Bangladesh Navy and Bangladesh Air Force) who is the owner of vehicle or valid user of the vehicle having 30 (Thirty) months of service ahead and having supportive cash flow to repay the investment installment.
- Location: Customer should have present address/ residence, within the city or town areas where the Bank has its own branch at the time of availing 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).
- Investment Size: Tk. 50,000.00
- Tenor: 18 Months