Trade and Commerce Loan
Purpose
This loan is for business firms engaged in buying and selling of goods (retail and wholesale).
Eligiblity
Bhutanese Individual, Firm or Company
Quantum
60 to 70 % of the collateral value.
Tenor
| Loan Amount (Nu) | Tenure |
|---|---|
| 0 to 1,000,000 | 5 Years |
| 1,000,001 to 10,000,000 | 7 Years |
| 10,000,001 and above | 10 Years |
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 promoter.
Two numbers of latest passport size photograph.
Project report/Profit & Loss /cash flow statement
Stock Statement
Work Order
Copy of valid Insurance policy of the building if applicable.
Valid Trade License.
Ownership certificates of the land
Photocopy of I.D. Card of Guarantor(s) if applicable.
Latest Passport size photographs of Guarantor(s) 2 nos if applicable.