Sanima Bikas Bank Limited has announced a new car-loan scheme. In a statement issued Monday, the bank said it was providing a 100 percent loan on vehicle purchases.
To avail the service, clients will have to deposit 20 percent of loan amount in the bank in the client´s savings account for the period of the loan. The bank said it would provide the client interest on the deposit.
“In other such loans, the amount is taken as a down payment and paid to the seller. But with us the clients will not only get back the 20 percent but also the accumulated interest after he/she has paid off the loan,” the statement said.
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