Loan Against Term Deposit
Purpose
In order to overcome immediate financial need or to meet an emergency, BNB provides loans against Term Deposits held in the bank as collateral. The facility is offered in the form of Term loan or Overdraft facility.
Eligiblity
Bhutanese individual holding Term Deposits account are eligible to avail this loan by keeping their Term Deposit as the collateral for the loan.
Quantum
75% of the term deposit value (face value).
Interest Rate
| 1% higher than the term deposit rate for Term Loan | 2% higher than the term deposit rate for Overdraft facility. |
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Required Documents
Application form duly filled by the applicant
CID copy of the applicant
Two recent Passport size photograph of the applicant
Term Deposit Certificate