”The loan-to-value ratio can be maintained up to 80 percent if loans are provided to replace vehicles and transport vehicles that are being used commercially in industries and commercial establishments directly affected by the Gen-G movement,” said the circular.
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Loans up to 80 percent of the value of the vehicle are available for replacing vehicles damaged during the 23rd August protest and 24th demonstration. Rasht Bank made the arrangement on Friday through a circular.
"The loan-to-value ratio can be maintained up to 80 percent if loans are provided to replace damaged vehicles and transport vehicles that are being used commercially in industries and commercial establishments directly affected by the Gen-G movement," the circular said.
At present, when banks and financial institutions provide loans to purchase vehicles, there is a provision that they can only give loans up to a maximum of 60 percent of the loan value of the vehicle . According to this, it applies to both the purchase of electric vehicles for all purposes and personal and other vehicles for private purposes.
Now the National Bank has given facilities to the industrialists, businessmen and establishments who have been damaged in the agitation.
