Loan FAQ
- Duly filled in loan application form signed by the applicant
- Duly filled in student details form signed by the student.
- Copy of valid Citizenship Identity (CID) of the applicant and the student.
- Latest passport sized photos of the student and the applicant (2 nos).
- Copy of admission letter/offer letter from the institute/college/university.
- Cost breakdown of the financing requirement including course fee structure.
- Copy of ownership certificate of the property to be pledged as collateral.
- Copy of valid insurance policy of the property (if applicable).
- Consent letter from the property owner.
- Latest passport sized photo of the property owner.
- Copy of valid Citizenship Identity (CID) of the property owner.
- Proof of repayment source (business license, profit & loss statement, rental, salary slip etc).
- Salary undertaking.
- Relationship certificate if the applicant is other than the student.
- Duly filled in loan application form and signed undertaking letter
- CID Copy & 2 passport sized photos of applicant
- Copy of offer letter from the institute/college/university and eCOE
- Cost break-down for VISA requirement
- Details of unencumbered asset/s to be pledged and undertaking from the owner of the asset
- Duly filled in loan application form and signed undertaking letter
- CID Copy & 2 passport sized photos of applicant
- Copy of offer letter from the institute/college/university
- Cost break-down for VISA requirement
- Copy of Marriage Certificate
- Family tree of applicant & spouse
- Loan application form duly filled by the applicant
- Copy of CID of the applicant
- One recent passport size photograph of the applicant
- Copy of the Quotation/Invoice for new vehicles from authorized vehicle dealers
- Award letter in case of passenger buses
- TCB letter and tour operating license in case of tours and treks
- Valid import license for import of vehicles from other countries (other than India)
- Valid Trade license for hiring equipment (tippers/trucks)
- Loan Application form duly filled in and signed on all the pages (Full signature).
- CID copy of the borrower.
- Two numbers of the latest passport size photograph.
- Ownership Certificate (not more than 3 months old)
- Site Plan from the concerned Municipal Authority.
- Approved plan of building.
- Letter of approval from concerned Municipal Authority or Dzongkhag.
- Copy of valid Insurance policy of the building, if it is an existing building/apartment.
- Sale Deed agreement in case of purchase of already constructed building/flat.
- Latest Pay Slip of the applicant if repayment is tied up with borrower’s salary income.
- If repayment of loan is tied up with applicant’s salary, a letter of undertaking from the employer for recovery of the monthly installment to be obtained.
- Copy of CID of both the applicant and the guarantor
- One recent passport size photograph of the applicant
- Proof of income to service the loan – verified rental income via way of rental receipts, PIT/BIT, etc.
- Trade Certificate confirmation from RSEB
- 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.
- 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
- Application form duly filled by the applicant
- CID copy of the applicant
- Two recent Passport size photograph of the applicant
- Term Deposit Certificate
- SL Application form duly filled in and signed on all the pages (Full signature).
- For loan limit between 0.5 million to 1.0 million – A brief business proposal template duly filled in where applicable.
- For loan limit between 1.0 million to 10.0 million – A detailed business proposal with the financial projections.
- A Copy of valid Citizenship Identity (CID) of the applicant(s) and the Chairman, office bearer and treasurer if applicable.
- Two recent PassPort size photographs of the applicant(s) or the Chairman, office bearer and treasurer as applicable.
- A copy of security clearance of the applicant(s) or the Chairman, office bearer and treasurer as applicable.
- Ownership certificate(s) of the plot where PSL activity is taking place if applicable.
- For land under joint or co-ownership, a consent letter from the joint owner or co-owner witnessed by Gup of the village (if applicable).
- For family owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
- For private land under lease, a Sale Deed agreement and a copy of CID of the owner of the land (if applicable).
- Approved drawing plan of the building or construction and a copy of approval letter for construction from concerned authority (if applicable).
- Off-take agreements if applicable.
- A copy of group resolution or Articles of Association – in-case of partnership/cooperative/groups/company.
- Loan Application form duly filled in and signed on all the pages (Full signature).
- CID copy of the promoter.
- Detailed project report with the financials.
- Valid Trade License.
- Ownership certificates.
- Approval Drawings from the relevant authorities ( if it is for the establishment of hotels , resort, & schools)
- Loan Application form duly filled in and signed on all the pages (Full signature).
- CID copy of the promoter.
- Detailed project report with the financials.
- Valid Trade License.
- Ownership certificates.
- Approval Drawings from the relevant authorities ( if it is for the establishment of hotels , resort, & schools)
- Loan Application form duly filled in and signed on all the pages (Full signature).
- CID copy of the promoter.
- Two numbers of the 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.
- Loan Application form duly filled in and signed on all the pages (Full signature).
- CID copy of the borrower.
- Two numbers of the latest passport size photograph.
- Copy of CDB License/Hiring Agent License
- Import License from MTI if required
- Quotation from supplier/dealer
- Projected Profit & Loss / cash flow statement
- Loan application form duly filled by the applicant
- Copy of CID of the applicant
- One recent passport size photograph of the applicant
- Copy of the Quotation/Invoice for new vehicles from authorized vehicle dealers
- Award letter in case of passenger buses
- TCB letter and tour operating license in case of tours and treks
- Valid import license for import of vehicles from other countries (other than India)
- Valid Trade license for hiring equipment (tippers/trucks)
- Loan Application form duly filled in and signed on all the pages (Full signature).
- CID copy of the borrower.
- Two numbers of the latest passport size photograph.
- Ownership Certificate (not more than 3 months old)
- Site Plan from the concerned Municipal Authority.
- Approved plan of building.
- Letter of approval from concerned Municipal Authority or Dzongkhag.
- Copy of valid Insurance policy of the building, if it is an existing building/apartment.
- Sale Deed agreement in case of purchase of already constructed building/flat.
- Latest Pay Slip of the applicant if repayment is tied up with borrower’s salary income.
- If repayment of loan is tied up with applicant’s salary, a letter of undertaking from the employer for recovery of the monthly installment to be obtained.
- CID copy of the applicant and guarantor
- Recent Passport size photograph of the applicant
- Ownership certificates of securities offered to bank
- Copy of Work Order/ supply order supported by relevant pages of the agreement
- Copy of the Quotation/Invoice
- Letter of Undertaking from awarding agencies for routing of Bill payment through bank.
- Copy of valid trade license
- Statement of stock & book debts debtors (age wise), sundry creditors as on a recent date.
- Sales and Purchases report for the past 12 months.
- Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited)
- Projected sales and purchases for the next 12 months
- BLA Loans
- Duly filled in Loan Application form signed on all the pages by the applicant
- KYC:
- 2 passport sized photos or digital copy
- CID copy
- Copy of valid passport
- Copy of valid visa
- Address proof such as recent copy of utility bills
- Proof of income:
- Latest pay slip in case repayment source is salary (OR)
- Overseas bank account statement for at least 3 months
- For new construction/s:
- Ownership certificate (latest)
- Copy of architectural drawing
- Letter of approval from the Municipal Authority/Dzongkhag
- For existing house/ apartment:
- Ownership certificate (latest)
- Photograph of the house/apartment
- Copy of valid insurance policy
- Sale deed in case of purchase
- Other documents:
- PoA issued by the borrower for submission and execution of loan documents (if PoA is issued)
- Payment authorization
- Copy of CID of the correspondent
- Duly filled form on correspondent’s details
- Family Tree
- Duly filled application form
- Two recent passport size photos
- CID copy
- Address proof (such as recent copy of utility bills)
