Transport Loan

don’t dream it. drive it!

For the purchase of new vehicles. Vehicles already purchased which are less than one year old are also be eligible for transport loans.  

Existing Clients

The loan must be cross-collateralized with the existing fixed assets irrespective of the exposure of their existing facilities. However, a proper due diligence must be done on the client’s past performance.

 

Interest Rate

interest rates of your choice.

We offer a floating and a fixed rate so that you can choose.

12%

Fixed Rate

10.5%

Floating Rate
General Information

if you are applying for transport loan, you should know.

Personal Vehicle
Light Vehicle

30%

Maximum LTV as set by RMA

Conditions

Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 20% of Vehicle Cost

Electric/Hybrid Vehicles
Light Vehicle

70%

Maximum LTV as set by RMA

Conditions

Fixed Assets to the extent of loan amount OR Guarantor with fixed assets and good credit record OR Loan amount to be 50% of Vehicle Cost

Eligibility

individual.

Should be a Bhutanese citizen

Cash flow/Profit & Loss statement & copy of Trade License must be submitted if repayment is to be made from Business Income.

Comprehensive Insurance is a MUST.

Requirements

for transport loan.

  • 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)