1. New Client
Transport Loan
| Vehicle | Type | Maximum LTV as set by RMA | Revised Conditions |
|---|---|---|---|
| Personal Vehicle or Taxi | Light Vehicle | 30% | Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 20% of Vehicle Cost |
| Electric Vehicle | Light Vehicle | 70% | Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 50% of Vehicle Cost |
| Trucks | Heavy Vehicle | 50% | Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 40% of Vehicle Cost |
| Passenger Buses | Heavy Vehicle | 70% | Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 50% of Vehicle Cost |
| Tourist Buses | Heavy Vehicle | 70% | |
| Machinery (Movable) | 50% | Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 40% of Vehicle Cost |
Eligibility Criteria
- Should be a Bhutanese citizen.
- Cash flow/Profit & Loss statement & copy of Trade License must be submitted if repayment is to be made from Business Income.
- Comprehensive Insurance is a MUST.
2. Existing Clients
The loan must be cross-collateralized with the existing fixed assets irrespective of the exposure of their existing facilities. However, a proper due diligence must be done on the client’s past performance.