Housing Loan
Purpose
Financing for construction, renovation and purchase of building/flat for commercial or residential purpose.
Eligiblity
Bhutanese Individual, Firm or Company
Quantum
| Loan Amount | Maximum LTV |
| Up to 50 million | 80% |
| More than 50 million | 70% |
- The maximum LTV for home loan is 90%
- Maximum loan amount for home loan is Nu. 10 million.
Tenor
30 years maximum
Interest Rate
| Fixed | Floating |
|---|---|
| 13% | 10% |
Commercial Housing Loan
| Fixed | Floating |
|---|---|
| 10% | 9% |
Home Loan
Required Documents
Loan Application form duly filled in and signed on all the pages (Full signature).
CID copy of the borrower.
Two numbers of latest passport size photograph.
Ownership Certificate (not more than 3 months old)
Site Plan from the concerned Municipal Authority.
Approved plan of building.
Letter of approval from concerned Municipal Authority or Dzongkhag.
Copy of valid Insurance policy of the building, if it is an existing building/apartment.
Sale Deed agreement in case of purchase of already constructed building/flat.
Latest Pay Slip of the applicant if repayment is tied up with borrower’s salary income.
If repayment of loan is tied up with applicant’s salary, a letter of undertaking from the employer for recovery of the monthly installment to be obtained.