Personal Loan

Purpose

This loan is for any individual or business entity having a reliable source of income and adequate security. 

Eligiblity

  • Any Bhutanese individual having adequate fixed collateral with reliable source of income. 

Quantum

  • 50% – 70% of the value of securities or Nu. 500,000.00, whichever is lower. 

Tenor

5 years maximum  

Interest Rate

13%

Floating rate

14%

Fixed rate

Required Documents

  • Copy of CID of both the applicant and the guarantor

  • One recent Passport size photograph of the applicant

  • Ownership certificates of collateral security offered to bank

  • Copy of valid Insurance Policy for building offered as collateral

  • Copy of business license in case the loan is to be serviced from business earnings

  • Proof of income to service the loan–verified rental income by way of rental receipts, BIT, etc.

TypeFile NameDate ModifiedSize

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ADDITIONAL LOAN 5:29 am 05/15/2019123.3k

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PERSONAL LOAN 5:37 am 05/15/2019144.2k

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Personal Loan Addendum 10:33 am 09/03/201857.6k