Car Purchase
Investment Scheme (CPIS)

Special Features:
  •   To purchase any brand new or reconditioned vehicle like Private Car/ Microbus/ Jeep for personal use;
  •   Maximum investment amounts up to Tk.60.00 lac;
  •   Flexibility in repayment up to 05 years;
  •   Maximum debt-equity ratio is 60:40. But for hybrid or electric cars, ratio will be 70:30;
  •   Competitive profit rate;
  •   Shortest turn around time in the industry;
  •   Early settlement (Fully & Partially) is allowed;
  •   Minimum documentation and formalities;
  •   No collateral security required;
  •   No hidden charge;

FAQ (Frequently Asked Questions)
Q. Who are the eligible Customers for Household Durable Investment Scheme?
Permanent employees of:
  •   Government, Semi-Government, Non-Governmental & Autonomous Organizations;
  •   Different Corporations & Multi-national Companies;
  •   Different Banks, Financial Institutions & Insurance Companies;
  •   Different renowned Government & Private University, College, School & Madrasa;
  •   Worthy businessman having trade license, VAT certificate and TIN;
  •   Professionals like Physicians, Engineers, etc.

Q. Is there any age limit to avail facilities under Car Purchase Investment Scheme?
  •   Yes, Minimum age 25 years and Maximum age 60 years/up to retirement age (For service holder) and 65 years (For Businessman, Professionals & Property Owner), but expiry date of the Investment Facility must not exceed that age.

Q. What is the minimum monthly income to avail the facility?
  •   Minimum Tk.70,000/- (For service holder) and Minimum Tk.100,000/- (For Businessman, Professionals & Property Owner)

Q. Which model year of Vehicles are allowed for Car Purchase Investment Scheme?
  •   Vehicles of Maximum 05 year's old model from current year.

Q. What is the maximum investment limit for Car Purchase Investment Scheme?
  •   Maximum debt-equity ratio is 60:40. But for hybrid or electric cars, ratio will be 70:30. Maximum limit can be Tk.60.00 Lac.

Q. What is Tenor for Car Purchase Investment Scheme?
  •   Maximum 05 years.

Q. What is the profit rate?
  •   Most competitive profit rate in the industry.

Q. What is the security for Car Purchase Investment Scheme?
  •   Joint Registration of the vehicle in the name of Bank and client;
  •   Personal Guarantee.

Q. How many guarantors are required?
  •   Two personal guarantees acceptable to the bank.

Q. What is the application procedure for Car Purchase Investment Scheme?
  •   Applicant have to contact with any Branch of SJIBPLC near to his/her present address.

Q. What are the necessary/required documents for Car Purchase Investment Scheme?
  •   Documents related to income/Profession
  •   NID, Latest Tax Return Slip/Certificate, Passport Size photographs of the applicants
  •   guarantors information with documents.