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CNG Conversion Loan
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CNG Conversion Loan
CNG Conversion Loan
Financial support to vehicle owners for CNG conversion
Basic Information
| Target Customer |
Loan Limit |
Tenor |
Interest Rate |
| Any vehicles owners who have regular monthly income. |
From BDT 50,000 to BDT 150,000
(may differ from Bank to Bank) |
12 to 33% months
(may differ from bank to bank) |
Maximum 9% Yearly
(may differ from bank to bank & time to time) |
Eligibility
| Age Limit |
Minimum Monthly Income |
Employment Duration |
Min 21 years, Max 60 years.
(may differ from bank to bank) |
For Salaried Tk. 20,000
For Businessmen and Self-employed Tk. 30,000
(may differ from bank to Bank) |
Salaried: Min 2 years of working experience & min 6 months of continuous employment with present employer
Professionals: Minimum 1 year of total practice in the profession
Businessman: Minimum 2 year of involvement in business.
(may differ from bank to bank) |
List of some banks which have CNG Conversion Loan product
| Bank Name |
Product Name |
| IFIC Bank Ltd |
CNG Conversion Loan |
| Prime Bank Ltd. |
CNG Conversion Loan |
Required Documents
- National identity/passport/driver license/nationality/ward commissioner’s certificate with photo attachment
- Clear studio Photograph and business card
- Bank statement for last 6 months
- Copy of TIN related document
- Letter of Introduction (LOI) for salaried executives or salary slip
- Trade license/MOA for businessmen
- Copy of house ownership and rent agreement for landlord and land lady
- Other document as per loan category
- Other documents as per bank requirement
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