City Bank launches 'City Bike Loan'

City Bank launches 'City Bike Loan'

City Bank recently announced the launch of 'City Bike Loan' for the motorcycle buyers for the first time in Bangladesh. In order to facilitate the ever increasing demand of the two-wheelers City Bank has introduced 'City Bike Loan' services, which will be initially offered through the dealers of the Bank in Dhaka City. The best thing about the loan is the customers would not have to go to any branch of the bank and can enjoy this facility through virtual credit card.

Under this facility, a buyer may get a loan upto 80% of the maximum motorcycle cost. Maximum 24 months of installment will be available for repayment of loan. Women buyers will get special discounts on interest. Sohail R. K. Hussain, Managing Director & CEO of City Bank announced the official launching of 'City Bike Loan' at a function at the Bank's Head Office, where dealers of Dhaka metropolitan area were introduced to the product.

Sohel R. K. Hussain said, 'Day by day the demand for motorbike is increasing. People want to reach their destination quickly at an affordable cost. Even our neighboring countries are having similar trend. That is why, in order to fulfill this growing demand, we have decided to come up with the facility of Bike loan for the first time in Bangladesh'

Among others, Head of Retail Banking of City Bank, Md. Arup Haider, Head of Two Wheeler Loan Mohammad Mozammel Haque and other senior officials were present on the occasion.