DHAKA: The Bangladesh Bank (BB) has fixed maximum 50 percent loan for purchasing car. 

The commercial banks will not be allowed to sanction car loan more than Tk 40 lakh to a particular client from now on.

Deputy General Manager of the central bank M Anwarul Islam made the direction from Regulations and Policy Division of the central bank on Wednesday.

The notification also said the banks could provide maximum 50 percent loan of total price of the car. However, the ceiling was up to 30 percent previously. 

BDST: 1725 HRS, AUG 13, 2014