Loan Products
| Loan Products | Fixed Rate | Floating Rates (1 year reset) | Max. Tenure (Years) |
|---|---|---|---|
| Consumer Loan (GE) | 11.00% | 9.5% | 5 |
| Personal Loan | 15.00% | 13.5% | 5 |
| Housing-Commercial Loan | 13.00% | 10.00% | 30 |
| Home Loan-Non Commercial | 11.00% | 9.00% | 30 |
| Manufacturing & Industry Loan | 12.75% | 11.5% | 20 |
| Loan against Term Deposit / Fixed Deposit | 1% above TD Interest Rate | TD / FD Term | |
| Loan against Shares | 12.00% | 11.00% | 15 |
| Service & Tourism Loan | 11.75% | 8.50% | 20 |
| Trade & Commerce Loan | 12.75% | 10.5% | 5 |
| Transport Loan | 12.00% | 10.5% | 5 |
| EDP Loan | 10.00% | No Change | 5 |
| Commercial Agriculture | 10.00% | New Product | 5 |
| OverDraft | 13.00% | 12.00% | 1 |
| Working Capital Loan | 13.00% | 12.5% | 1 |
| Short Term Loan(Over Draft Only) | 13.00% | 1 |
Retail Fixed Deposit and Fixed Deposit +
| Term in years | Normal FD | FD Plus Rate | |||
|---|---|---|---|---|---|
| Maturity | Monthly | Quarterly | Half-yearly | Yearly | |
| 3 months to less than one year | 5.00% | NA | NA | NA | NA |
| 1 year to less than 2 years | 6.75% | 6.55% | 6.59% | 6.64% | 6.75% |
| 2 year to less than 3 years | 7.25% | 7.01% | 7.03% | 7.06% | 7.12% |
| 3 year to less than 4 years | 7.50% | 7.24% | 7.25% | 7.28% | 7.32% |
| 4 year to less than 5 years | 7.75% | 7.47% | 7.48% | 7.50% | 7.53% |
| 5 year to less than 6 years | 8.00% | 7.70% | 7.71% | 7.73% | 7.76% |
| 6 year to less than 7 years | 8.25% | 7.93% | 7.94% | 7.95% | 7.98% |
| 7 years & Above | 8.50% | 8.16% | 8.17% | 8.18% | 8.21% |
Terms and Conditions:
1. Interest rate on premature withdrawal of Fixed Deposits shall be 1 % less than the prevailing deposit period interest rate.
2. For FD Plus Accounts:
- In case of premature withdrawals, the penalty amount shall be recovered from the principal amount.
- Penalty on premature withdrawal FD+ shall be as follows:
- Before 1 year: All the interest paid shall be recovered from the principal amount
- After 1 year: 1% less than prevailing deposit period interest rate.
- No partial redemptions shall be allowed.
3. The FD rates are negotiable where the cumulative FD balance is more than 50 million.
4. Any other existing terms and conditions shall remain the same.
Corporate Fixed Deposit and Fixed Deposit +
| Term | Corporate | ||||
|---|---|---|---|---|---|
| Normal FD | FD Plus | ||||
| On Maturity | Monthly | Quarterly | Half-yearly | Yearly | |
| Up to 30 days | 1.00% | NA | NA | NA | NA |
| 31 to less than 90 days | 1.50% | ||||
| 3 months to less than 6 months | 3.00% | ||||
| 6 months to less than 1 year | 4.00% | ||||
| 1 year to less than 2 years | 6.00% | 5.84% | 5.87% | 5.91% | 6.00% |
| 2 years to less than 3 years | 6.50% | 6.31% | 6.32% | 6.35% | 6.40% |
| 3 years to less than 4 years | 7.25% | 7.01% | 7.02% | 7.04% | 7.08% |
| 4 years to less than 5 years | 7.50% | 7.24% | 7.25% | 7.26% | 7.30% |
| 5 years and Above | 8.00% | 7.70% | 7.71% | 7.73% | 7.76% |
Terms and Conditions:
1.Interest rate on pre-mature withdrawal of the FD shall be as follows:
- Below 30 days: 0.5% less than prevailing deposit period interest rate.
- Above 30 days: 1% less than prevailing deposit period interest rate.
2. For FD Plus accounts:
- In case of premature withdrawals, the penalty amount shall be recovered from the principal amount.
- Penalty on premature withdrawal FD+ shall be as follows:
- Before 1 year: All the interest paid shall be recovered from the principal amount
- After 1 year: 1% less than prevailing deposit period interest rate.
- No partial redemptions shall be allowed.
3. The FD rates are negotiable where the cumulative FD balance is more than 50 million.
4. Any other existing terms and conditions shall remain the same.
Recurring Deposit
| Deposit Period | Rates (%) p.a |
|---|---|
| 1 year < 2 years | 7.00 |
| 2 years < 3 years | 7.50 |
| 3 years < 5 years | 8.00 |
| 5 years < 7 years | 8.50 |
| 7 years and above | 8.75 |
Terms & Conditions
- Interest rate on pre‐mature withdrawals will be 1% less than the prevailing deposit period interest rate.
- Period of Deposit:
- Minimum: 1 year
Savings Account
| Savings Account Type | Interest Rate (% p.a) |
|---|---|
| Regular Savings Account | 4.50 |
| Piggy Bank Account | 4.50 |
| Pensioner's Account | 4.50 |
| Savings Provident Fund (PF) Account | 6.50 |
Savings Account for Bhutanese Living Abroad
| Currency | Rates (% p.a) |
|---|---|
| AUD | 2.75 |
| Yen | 1.50 |
| USD | 1.75 |
| Euro | 1.50 |
| GBP | 1.50 |
| BTN | 4.50 |
| BTN Investment | 5.00 |
