Southeast Bank partners with Fair Technology for Hyundai car loans

Vehicles are serviced inside a garage following a partnership agreement between Southeast Bank PLC and Fair Technology. Photo: Jae Park, Pexels

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By Business Desk

Southeast Bank PLC has entered into a formal agreement with Fair Technology Limited to facilitate car financing. Customers purchasing Hyundai vehicles will now have access to specialised loan packages through the bank.

Southeast Bank PLC has entered into a strategic partnership with Fair Technology Limited, the authorised distributor of Hyundai vehicles in Bangladesh, to provide financing solutions for car buyers. The two organisations formalised the collaboration by signing a Memorandum of Understanding to offer car loans with exclusive benefits to customers.

The agreement was signed by Md. Sekander-E-Azam, Deputy Managing Director of Southeast Bank, and Md. Zahidul Kabir, Head of Treasury of Fair Group. The signing ceremony was also attended by Md. Abdul Kader, Vice President of the Retail Banking Division at Southeast Bank, alongside other representatives from both companies.

Under the terms of the new arrangement, individuals looking to purchase Hyundai vehicles will be able to access the SEBPLC Car Loan product. The partnership is designed to streamline the financing process for customers of Fair Technology Limited, providing them with tailored terms and special incentives for their vehicle acquisitions.

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