Bank and customer jointly purchase the asset and the customer gradually buys the bank's share through monthly instalments including rental and principal, as per approved process.

Customer segment: Salaried individuals, Government / Armed Forces officials, businessmen, self-employed professionals, doctors and landlords
Age: Bangladeshi nationals only. Minimum age: businessmen 25 years; others 21 years. Maximum age: retirement age where applicable or 65 years at finance maturity, whichever is earlier.
Minimum monthly income: UCB employees BDT 40K; salaried BDT 50K; self-employed BDT 60K; businessmen BDT 75K

All sedan cars, SUV, Jeep and Microbus up to 7-seaters for personal use
Vehicle age: maximum 5 years at the time of application

Minimum BDT 5 Lacs
Maximum BDT 80 Lacs, subject to Bangladesh Bank directive and internal approval

Brand new and reconditioned cars: maximum 5 years / 60 months
Tenor may be changed as per Bangladesh Bank directive

Finance-to-Value: maximum 50% of verified / index price
Geography: offered in areas with branch representation

Rate of rent will 10.50 % till 31st August 2026 & Thereafter, the rental rate will be determined by ALCO from time to time. Profit calculation: reducing balance method, Actual / 360 basis

Processing fee as per Islamic Schedule of Charges
Partial prepayment and early settlement are allowed as per PPG and approval matrix

Reference / guarantor as per segment; joint vehicle registration in customer and UCB name; vehicle hypothecation; comprehensive insurance; post-dated cheques; lien on acceptable cash-covered security where applicable

Application, valid NID / passport, e-TIN, photographs, vehicle price quotation, income proof / bank statements, business / rental / professional documents, legal documents, HPSM agreement and related charge / security documents

Purchase order to be issued and acted upon within PPG validity
Disbursement through pay order / account in favour of vendor
Repayment through monthly Equal Monthly Instalment (EMI)