We have been financing loans for business since 1992. From 1997, our Bank also started providing overdraft facilities.
Loan Processing Fee: Nu 500/- for every application. Valuation Fee: As per the Engineer's inspection (Maximum Nu.5000/-) Interest rate and term: Click here Repayment: Lump sum for overdrafts Penalty Rate: 5%
Security Should be a Bhutanese citizen Immovable properties; house/Building must be commercially viable Movable properties; Equipment/ Vehicles (not older than five years) Gold Jewelleries and fixed Deposit Certificates Ownership Certificate (3 months validity) Trade License or CDB certificate for contractors Should have a sound source of repayment Loan will be sanctioned at 60% to 75 % of the collateral Value