Ace Autos, Standard Chartered sign MoU

Ace Autos, an authorised distributor of Haval sport utility vehicles (SUV) in Bangladesh, has signed a memorandum of understanding (MoU) with Standard Chartered Bank to provide auto loans at only 7.99 per cent interest per annum and 0.5 per cent processing fee in the purchase of Haval SUVs.

Md Anwar Touheed, head of mortgage and auto retail banking at Standard Chartered Bank, and Azharul Islam, chief executive officer of Ace Autos, inked the MoU at the Haval showroom in Dhaka on Sunday, a press release said.

Kazi Mustafizur Rahman, manager of mortgage and auto product at Standard Chartered Bank, and Kazi Rakib Uddin Ahmed, chief of human resources officer of Ace Autos, were present.