Loan Schemes

COMMERCIAL HOUSING LOAN

  • Purpose:
    Construction or purchase of house/building/apartment strictly for the purpose of generating a profit, either from business activity, resale of property or rental or lease income.

    For repair : loan shall be permitted after the first 5 years of occupancy or 5 years from the last period of repair.
  • Rate of interest: 9.50%
  • Security
    Mortgage of property for which finance is being given.
  • LTV:

Up to Nu.50.00 Mn         80%

Above Nu.50.00 Mn       70%

  • LTI: can go upto 100%
  • Repayment period: 30 years excluding gestation period.

Disbursement
For outright purchase of house/ flat, the loan amount will be paid in lumpsum to the sellers savings account along with borrower’s margin.
For house/ flat under construction, the loan amount to be disbursed in phase wise manner along with borrower’s equity depending upon the progress of the construction.


HOME LOAN

 

  • Purpose:                  
  • For construction / repair /purchase of house / apartment for one-unit personal dwelling.
    For repair: loan shall be permitted after the first 5 years of occupancy or 5 years from the last period of repair.

    • Rate of Interest: 8.00%
    • Security

    Mortgage of property for which finance is being given.

    • Loan limit: Nu.10.00 Mn
    • LTV: 90%
    • LTI: 70%
    • Term: 30years excluding gestation period.

    Disbursement

    For outright purchase of house/ flat, the loan amount will be paid in lumpsum to the sellers savings account along with borrower’s margin.
    For house/ flat under construction, the loan amount to be disbursed in phase wise manner along with borrower’s equity depending upon the progress of the construction.

    Download Application form for Housing Loan

    • Purpose: purchase of new car for personal use.
    • Rate of interest: 9.75%
    • LTV:
      Electric car/ hybrid car: 70%
      Others 30%
    • LTI:70%
    • Security: hypothecation of vehicle purchased out of bank finance.
    • Repayment period:
      • Electric car / hybrid car: 7 years
      • Others:5 years

    For more details and other formalities contact nearest branch head.

    Download Application for Vehicle Loan

    • Purpose: purchase of service oriented vehicle / commercial vehicle.
    • Rate of interest:11%
    • LTV :
      Service oriented vehicle:50%
      Passenger buses: 70%
    • LTI :70%
    • Repayment period :
      Service oriented vehicle:5years
      Passenger buses: 7 years
    • Security: hypothecation of vehicle purchased out of bank finance.

    For more details and other formalities contact nearest branch head.

    Download Application form for Transport Loan

    • Purpose: The Scheme aims at providing financial assistance to deserving/meritorious students with an opportunity including undertaking basic education and to the meritorious students to pursue higher, professional and technical education in Bhutan and abroad.
    • Rate of interest: 12%
    • Loan limit:

    Studies in Bhutan: maximum Nu.400,000/-

    Studies abroad     : maximum Nu.2,000,000/-

    • Term of loan: 5 years
    • Security: Collateral security should be of minimum 100% value of loan. Security can be in the form of land / building / shares / debentures / bank deposits and any other assets acceptable to the bank etc registered in the name of student, parents, guardian or any other third party.

    Download Application Form for Education Loan

    1. Purpose: for personal consumption purpose.
    2. Loan limit: Nu. 500,000/-
    3. LTI: 70%
    4. Term: 5 years
    5. Rate of Interest: Salary based consumer: 9.50%
      Mortgaged loan:11.00%*
      Others (Pvt. Employees): 14%
    6. * Security: collateral security in the form of land or building in the name of the borrower will be obtained only for mortgaged personal loan.

    Download Application form for Personal Loan to Public

    Eligibility
    All type of pensioners drawing their pension through our branches.
    Further, pensioners who are above the age of 75 years shall be eligible for a loan amount of Nu 50,000/- only.

    Purpose
    To meet personal needs including medical expenses

    Loan amount
    Maximum amount of loan shall be Nu 0.10 million or amount equivalent to 18 months? net pension, whichever is lower. The amount of pension of prospective borrower after deduction of monthly installment of loan and other recoveries should, however, not be less than 50% of monthly pension.

    Margin
    Nil

    Repayment of loan
    Loan alongwith interest is to be repaid in maximum 60 equal monthly installments. The installment is to commence one month after disbursal of loan.
    In respect of pensioners above the age of 75 years repayment period shall be maximum of 24 months.
    The installments will be deducted from the pension at the time of payment of pension for which a letter of authority shall be obtained from the Pensioner.

    Disbursement
    The amount may be credited to Saving/Current Account of the pensioner.

    For more details and other formalities contact nearest branch head.

    Download Application form for Loan to Pensioners

    • Purpose: project financing and working capital
    • Rate of interest: 11.25%
      • Repayment period:  
      • term loan: 15 years
    • Working capital: 1 year (Renewal basis)
    • Debt Equity:75%: 25 %
    • LTI: 70%
    • Security: Project assets

    Download Application form for Mfg & Industrial Loan

    1. Purpose: consumption need and investment purpose
    2. Rate of interest: 11%
    3. Repayment period :5 years
    4. LTV: 50%
    5. LTI :70%
    6. Security: shares of other companies.

    Download Application form for Loan against Shares

    1. Purpose: Setting up and expansion of Hotels / tourist resorts/ service centers.
    2. Rate of interest: 11%
    3. Repayment period: 20 years
    4. Debt Equity: 75%: 25%
    5. LTI : 70%
    6. Security: Project assets (land, proposed hotel building and hotel assets).

    Download Application form for Loans for Tourism

    • Purpose: for purchase of equipment and working capital.
    • Rate of interest:
      • construction: 12%
      • supply: 11%
    • Repayment period: contract term
    • LTV:
      • Construction: 60%-70%
      • Supply order : 60%-70%
    • LTI : 70%

    Download Application form for Loan to Contractors

    1. Purpose : personal need
    2. Rate of interest:
      1. Deposit standing singly/ jointly                             : 1% above deposit rate
      2. Deposit standing in the name of third party         : 2% above deposit rate.
      3. Deposit in the name of company, societies         : 1 % above deposit rate.
    3. LTV : 90%
    4. Repayment of loan: deposit term.

    For more details and other formalities contact nearest branch head.

    Download Application form for Loans against Deposit

    1. Purpose of loan
      Loan is provided to cover short-term working capital requirement for the purpose of purchasing seeds, fertilizer and other inputs directly related to agriculture produce.
    2. Eligibility
      Progressive literate and illiterate farmers who are owner cultivators.
    3. Rate of Interest: 10%
    4. Repayment of loan
      Loan with interest is repayable in maximum period of 60 months in suitable installments.

    For more details and other formalities contact nearest branch head.

    Download Application Form for Agriculture Loan

    Bank is providing Loans to Corporate Clients also. The same will be dealt with the various factors such as type of loan, type of industries, amount of loan etc.

    The bank will also provide loan to its clients under consortium arrangement also.

    All the loans under Corporate Banking will be provided after complying all necessary guidelines of the bank as well of RMA.