OverDraft Facility / Working Capital
Purpose
BNB offers a limit-based credit facility to business entities by creating a credit line limit, mainly to meet the day-to-day operating costs. This facility is offered as overdraft facility or working capital (esp. for industries).
For borrowers applying for loans at Thimphu, any loan below Nu.10 million is to be processed from our Thimphu Branch Office located at the Bhutan Post building.
Eligiblity
Any firms/business entities with valid trade license.
Quantum
For Overdraft: Maximum 70% of the collateral value
For Working Capital: Maximum 70% of Project Assets and Current Assets
Tenor
1 year subject to review /renewal.
Interest Rate
Fixed Rate | Floating Rate |
---|---|
13% | 12% |
Overdraft Facility
Fixed Rate | Floating Rate |
---|---|
13% | 12.5% |
Working Capital
Required Documents
CID copy of the applicant and guarantor
Recent Passport size photograph of the applicant
Ownership certificates of securities offered to bank
Copy of Work Order/ supply order supported by relevant pages of the agreement
Copy of the Quotation/Invoice
Letter of Undertaking from awarding agencies for routing of Bill payment through bank.
Copy of valid trade license
Statement of stock & book debts debtors (age wise), sundry creditors as on a recent date.
Sales and Purchases report for the past 12 months.
Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited)
Projected sales and purchases for the next 12 months