With the aim of making auto loan facilities easier and more convenient for customers purchasing BYD vehicles, IFIC Bank PLC and BYD Bangladesh have signed a Memorandum of Understanding (MoU).
The MoU signing ceremony was held on Wednesday, September 16, 2026. On behalf of their respective organizations, Mr. Helal Ahmed, Chief of Branch Business at IFIC Bank, and Mr. Amid Sakif Khan, Managing Director of CG Runner BD Limited, signed the agreement. The event was attended by Ms. Fariha Haider, Head of SME & Retail Banking at IFIC Bank; Mr. Methun Bhattacharjee, Head of Business Development at CG Runner BD Limited; Mr. Fahmid Ferdous Pulok, Head of Sales; and other senior officials from both organizations.
Under the MoU, IFIC Bank customers purchasing BYD vehicles through authorized dealer partners of CG Runner BD Limited will receive priority and expedited auto loan processing services. In addition, during the campaign period, customers will enjoy a 0% loan processing fee, while eligible auto loan customers will also be able to avail themselves of IFIC Bank credit card facilities without any issuance fee.
Furthermore, alongside special benefits and offers provided by BYD Bangladesh from time to time, customers will receive a 6-year vehicle warranty and an 8-year warranty on the motor and motor controller.