Prime Bank rolls out special loan incentives for BYD car buyers in Bangladesh
2 mins read
2 mins read
Prime Bank PLC has announced a special loan-linked benefit program for customers purchasing BYD vehicles in Bangladesh, marking another collaboration between the banking and automotive sectors as interest in electric vehicles continues to grow. Under the agreement, Prime Bank customers who take out car loans to buy BYD vehicles will receive additional complimentary services beyond the standard after-sales package offered by the distributor.
The arrangement has been signed between Prime Bank PLC and CG Runner BD Limited, the authorized distributor of BYD vehicles in the country. Under the offer, customers taking loans from Tk 30 lakh to Tk 40 lakh will be entitled to one additional free service, while those borrowing between Tk 40 lakh and Tk 60 lakh will receive two additional free services, adding value to vehicle ownership at a time when maintenance costs remain a concern for many buyers.
The memorandum of understanding was signed at the BYD Bangladesh flagship showroom in Tejgaon, Dhaka, in the presence of senior officials from both organizations. Prime Bank’s Deputy Managing Director Md Nazeem A Choudhury and BYD Bangladesh Chairman Hafizur Rahman Khan were among those present at the signing ceremony, along with other executives from the bank and the distributor.
Industry insiders view the initiative as part of a broader push by banks to attract auto buyers with lifestyle-focused financial products, especially as electric vehicles gradually gain acceptance on Dhaka roads. With rising fuel prices, expanding charging infrastructure, and growing curiosity about EVs, such loan-linked incentives could encourage more buyers to consider electric cars in the local market.
The arrangement has been signed between Prime Bank PLC and CG Runner BD Limited, the authorized distributor of BYD vehicles in the country. Under the offer, customers taking loans from Tk 30 lakh to Tk 40 lakh will be entitled to one additional free service, while those borrowing between Tk 40 lakh and Tk 60 lakh will receive two additional free services, adding value to vehicle ownership at a time when maintenance costs remain a concern for many buyers.
The memorandum of understanding was signed at the BYD Bangladesh flagship showroom in Tejgaon, Dhaka, in the presence of senior officials from both organizations. Prime Bank’s Deputy Managing Director Md Nazeem A Choudhury and BYD Bangladesh Chairman Hafizur Rahman Khan were among those present at the signing ceremony, along with other executives from the bank and the distributor.
Industry insiders view the initiative as part of a broader push by banks to attract auto buyers with lifestyle-focused financial products, especially as electric vehicles gradually gain acceptance on Dhaka roads. With rising fuel prices, expanding charging infrastructure, and growing curiosity about EVs, such loan-linked incentives could encourage more buyers to consider electric cars in the local market.
