Eastern Bank Ltd (EBL) and Navana Ltd, a brand automobile distributors of the country, have signed a MoU in the city recently, says a press release. Muklesur Rahman, deputy managing director of EBL, and Saiful Islam Shumon, senior vice-chairman of Navana Ltd, signed the MoU.

Ali Reza Iftekhar, managing director and chief executive officer of EBL, was present.Under the MoU, EBL will provide up to Tk 20 lakh automobile loan to Navana customers without any processing fee within five working days at a discount than the usual interest rate.

On the other hand, EBL Auto Loan customers will enjoy special discount on various automobiles at Navana showrooms, discount on Navana battery and lubricants and other value added sales and after sales services. Navana CNG will also offer discount to customers.

EBL Auto Loan is repayable within 60 months and with an option of early full and final settlement.Among others, Anwar Hossain, head of asset, Nazeem A Choudhury, head of cards, Towfiqul Alam choudhury, head of NRB, Ziaul Karim, head of brand and marketing from EBL, and J A Nasser, operative director, Hamdur Rahman Simon, head of sales and marketing, from Navana Ltd.

The Independent/Bangladesh/ 6th April 2012