We have been financing the purchase of Commercial and Personal Vehicles since 1992.
Light Vehicles
Lending Policy:
A) For purchase of Light Vehicle for Commercial use(Taxi):
- Loan Processing Fee: Nu 500/- for every application.
- Interest rate: 14%
- Repayment mode : Monthly
- Maximum term : 5 years
- Penalty rate : 5 %
B) For purchase of Vehicle by Govt.Employees/Corporate employees/Military Personnels for personal use:
Eligibility criteria:
- Should be a Bhutanese citizen.
- Generally, client must have 25% to 40% of cost of vehicle as equity contribution
- Departmental Undertaking must be submitted if repayment is to be made from salary.
- Cash flow/Profit & Loss statement & copy of Trade License must be submitted if repayment is to be made from Business Income.
- Comprehensive Insurance is a MUST
Heavy Vehicles
Lending Policy:
A) For purchase of Heavy Vehicle:
- Loan Processing Fee: Nu 500/- for every application.
- Interest rate: 13%
- Repayment mode : Monthly
- Maximum term : 5 years
- Penalty rate : 5 %
Eligibility criteria:
- Should be a Bhutanese citizen.
- Generally, client must have 25% to 40% of cost of vehicle as equity contribution
- Cash flow/Profit & Loss statement & copy of Trade License must be submitted if repayment is to be made from Business Income.
- Comprehensive Insurance is a MUST
