Employee Loan
financing your desires.
If you are a government employee and would like to invest in things that you care about, you are at the right place. We initiated the government employee loan scheme in 1997 and has been one of our most successful ventures over the years.
For borrowers availing Employee Loan in Thimphu, kindly visit our Extension Office at Motithang.
Interest Rate
interest rates of your choice.
We offer a floating and a fixed rate so that you can choose.
11%
Fixed Rate
9.5%
Floating Rate
Quantum
if you are applying for employee loan, you should know.
For Government Employees, Armed Forces, Government Corporations, Listed Companies, NGOs, International Organizations, and Monastic Body
Nu. 50,000
Maximum Loan Amount
Guarantor required
Nu. 300,000
Maximum Loan Amount
Guarantor required
Nu. 500,000
Maximum Loan Amount
Guarantor not required
For employees of Private Companies (Not Listed)
Nu. 100,000
Maximum Loan Amount
Guarantor required
Nu. 300,000
Maximum Loan Amount
Guarantor required
Nu. 500,000
Maximum Loan Amount
Guarantor required
For Contract Employees (Management Level)
Nu. 500,000
Maximum Loan Amount
Guarantor required
Installment Deduction
For government employees & armed forces with e-PEMS facility, installment shall be deposited by the individual borrowers to the loan account or savings account.
For Private companies, installment deductions shall be done at source by the respective agencies/employers.
Maximum Tenor
5 Years
Maximum Tenor
Guarantor Requirement
- Must be an employee of a government, corporation, NGO or international organization with minimum 5years of service OR
- Proprietor of the private company/ seniors with minimum5 years of service in the same company.
- Proprietor can guarantee for more than one person.
- Employee of a private company may guarantee but he/she must not have guaranteed for any other salary-based loans from any organization.
- Guarantors must be a PF member (not applicable for proprietors).
Eligibility
eligible borrowers
eligible borrowers
Employees of Government, Armed Forces, Corporations, International Organizations, NGOS, Private Companies, Monastic Body with Regular Pay
Requirements
for employee loan.
for employee loan.
- Loan application form duly filled by the applicant
- Copy of CID of the applicant
Undertaking Form
- Two Photographs (Latest)
Latest pay slip authenticated by Finance
Copy of initial appointment order
Copy of Promotion letter to the current
