Machinery Loan
Purpose
Loan for purchase of machinery and equipment for various purposes.
Eligiblity
Bhutanese Individual, Firm or Company
Quantum
| Name | Type | LTV | Remarks/Conditions |
|---|---|---|---|
| Machinery | Heavy | 50% | Fixed assets to the extent of loan amount or Guarantor with the fixed assets and good credit record or Loan Amount to be 40% of vehicle cost. |
Tenor
5 Years Maximum
Interest Rate
10.5%
Floating Rate
12.5%
Fixed Rate
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.
Copy of CDB License/Hiring Agent License
Import License from MTI if required
Quotation from supplier/dealer
Projected Profit & Loss / cash flow statement