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 | Lock in period in days | Normal FD | FD Plus Rate | |||
---|---|---|---|---|---|---|
Maturity | Monthly | Quarterly | Half-yearly | Yearly | ||
3 months to less than one year | 227 | 4.75% | NA | NA | NA | NA |
1 year to less than 2 years | 547 | 6.50% | NA | NA | NA | NA |
2 year to less than 3 years | 912 | 7.00% | NA | NA | NA | NA |
3 year to less than 4 years | 1277 | 7.25% | 6.65% | 6.90% | 6.98% | 7.05% |
4 year to less than 5 years | 1642 | 7.50% | 6.76% | 7.09% | 7.18% | 7.26% |
5 year to less than 6 years | 2007 | 7.75% | 6.87% | 7.28% | 7.39% | 7.47% |
6 year to less than 7 years | 2372 | 8.00% | 6.98% | 7.47% | 7.60% | 7.69% |
7 years & Above | 2737 | 8.25% | 7.09% | 7.66% | 7.81% | 7.90% |
Terms and Conditions
- Corporate Deposits above Nu. 50M shall be accepted at negotiated rates, and not necessarily at published rates.
- Interest rate on pre-mature withdrawal of the Fixed deposits shall be 1% less than the prevailing deposit period interest rate.
- Lock in period is a minimum term required for FD and FD plus to be eligible for particular rate
- For FD Plus accounts:
- In case of premature withdrawls, the adjustment of recovery penalty amount shall be made from the principal.
- No partial redeemptions shall be allowed.
- Lock-in period for this category of accounts is 1,277 days, that is, if one close his/her FD Plus account before 1,277 days, all the interest paid shall be recovered from the principal amount.
Corporate Fixed Deposit and Fixed Deposit +
Term | Lock in Period in days | Corporate | ||||
---|---|---|---|---|---|---|
Normal FD | FD Plus | |||||
On Maturity | Monthly | Quarterly | Half-yearly | Yearly | ||
Up to 30 days | 15 | 1 | NA | NA | NA | NA |
31 to less than 90 days | 60 | 1.5 | ||||
3 months to less than 6 months | 135 | 2 | ||||
6 months to less than 1 year | 272 | 2.5 | ||||
1 year to less than 2 years | 547 | 4 | ||||
2 years to less than 3 years | 912 | 5 | ||||
3 years to less than 4 years | 1277 | 6 | 5.47 | 5.72 | 5.8 | 5.85 |
4 years to less than 5 years | 1642 | 7 | 6.29 | 6.62 | 6.71 | 6.78 |
5 years and Above | 2007 | 7.5 | 6.63 | 7.04 | 7.16 | 7.23 |
Terms and Conditions
1.Interest rate on pre-mature withdrawal of the FD shall be as follows:
a. Below 30 days: 0.5% less than prevailing deposit period interest rate.
b. Above 30 days: 1% less than prevailing deposit period interest rate.
2. Lock in period is a minimum term required for FD and FD plus to be eligible for particular rate
3. Deposits above Nu. 50 million shall be accepted at negotiated rate and not necessarily at published rate.
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 |
Fixed Deposit for Bhutanese Living Abroad
In Ngultrum
Deposit period | Rates (%) p.a |
---|---|
1 year to less than 2 years | 7.25 |
2 years to less than 3 years | 7.75 |
3 years to less than 4 years | 8.00 |
4 years to less than 5 years | 8.25 |
5 years to less than 6 years | 8.50 |
6 years to less than 7 years | 8.75 |
7 years to less than 8 years | 9.00 |
8 years to less than 9 years | 9.15 |
9 years to less than 10 years | 9.25 |
10 years and above | 9.50 |