Ace Autos, one of the authorized distributors of Haval sport utility vehicles (SUV) in Bangladesh, has reportedly signed an MOU with Standard Chartered Bank to provide auto loans at 7.99 percent interest per annum and a 0.5 percent processing fee for the purchase of Haval SUVs.
The MoU was signed on Sunday at the Haval dealership in Dhaka by Md Anwar Touheed, head of mortgage and auto retail banking at Standard Chartered Bank, and Azharul Islam, CEO of Ace Autos, according to a press release.
Read more: Hyundai Will Reportedly Start Assembling Cars In Bangladesh By The End Of This Year
Both Kazi Mustafizur Rahman, manager of Standard Chartered Bank’s car and mortgage products, and Kazi Rakib Uddin Ahmed, Ace Autos’ chief human resources officer, reportedly attended the event.
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