BRAC Bank PLC has entered into a partnership agreement with Fair Technology Ltd, the distributor of Hyundai vehicles in Bangladesh, to offer auto loan benefits to customers purchasing selected Hyundai models.

The partnership offers attractive pricing, value-added gifts and convenient financing for customers purchasing the Hyundai Creta Luxury and Hyundai Stargazer through a BRAC Bank auto loan.

Md Mahiul Islam, deputy managing director and head of retail banking at the bank, and Md Zahidul Kabir, head of treasury and credit management at the automobile company, signed the agreement in Dhaka recently, according to a press release.

Under the partnership, the Hyundai Creta Luxury is available at a price of Tk 39 lakh, along with a Hisense 1.5-tonne smart compact AC and a Tk 10,000 secret recipe coupon.

The Hyundai Stargazer is offered at a price of Tk 34.50 lakh with free registration and a Tk 10,000 secret recipe coupon.

Customers availing themselves of the auto loan will also enjoy a 100 percent waiver of the processing fee, a complimentary BRAC Bank credit card with the first year’s annual fee waived (excluding the Visa Infinite credit card), prevailing interest rates and fast-track loan approval.

The initiative reinforces BRAC Bank’s commitment to expanding access to retail financing through strategic partnerships that deliver greater value, convenience and a seamless vehicle financing experience for customers, the release added.

Among others, Mahabubul Farook Khan, head of national sales at the bank; Arifuzzaman, regional head of the branch distribution network; Sirajus Saleken, head of the auto loan product; JM Taslim Kabir, head of marketing at the automobile company; and Md Lutful Karim, assistant general manager of business development, were also present at the signing ceremony.