Car loan up to Tk 4m now

Banks will now be able to provide loan up to 50 per cent or highest Tk 4.0 million to a client for the purchase of car in place of the present limit of Tk 2.0 million. Bangladesh Bank Wednesday issued a circular changing the provision in bank financing of motor vehicle purchase. Earlier, the debt-equity ratio for purchasing a car was 30:70. But now, it has been made 50:50. —UNB