Bank Asia offers auto loans to DHS buyers

Bank Asia PLC has signed a strategic memorandum of understanding (MoU) with DHS Motors Limited, an automobile company in Bangladesh, to offer convenient auto loan facilities to prospective buyers.

Md Zahed Chowdhury, executive vice-president and head of assets, retail banking division of the bank, and Mohammod Hamdur Rahaman Simon, executive director of the automobile company, signed the MoU at the latter’s office in the Tejgaon Industrial Area of Dhaka recently, according to a press release.

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Under the partnership, the automobile company’s customers will be able to use Bank Asia’s auto loan facilities at competitive interest rates.

The partnership will also include joint marketing initiatives, customer engagement programmes and promotional activities.

The partnership is expected to simplify access to auto financing and help fulfil the aspirations of individuals and families seeking quality vehicle solutions, the release added.

Furthermore, Bank Asia PLC and DHS Motors Limited aim to strengthen their institutional relationship while contributing to the growth of Bangladesh’s automobile and financial services sectors.