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.