Loan Schemes

Housing Loan for Individual
DPNBL reaches out to you with fast, friendly and most convenient home loans for:
Construction or purchase of house/ flat.
Purchase of house/ flat on First Power of Attorney basis from the original allottee.
Carrying out repairs/ renovations/ additions/ alterations to existing house/ flat.

Special Feature – To cover the loan outstanding, life Insurance cover is also available on payment of one time premium which can also be financed by the Bank.
Extent of loan

Individual
For construction/purchase of house/flat:- 75% of the cost of construction of house or purchase of house/flat. For carrying out repairs/ renovations/ additions/ alterations: – 60% of the estimated cost subject to maximum of Nu. 0.2 Million. Loan upto Nu. 200 thousand for purchase of Land/ Plot. Loan is available maximum upto Nu.0.2 Million for furnishing

Security
Mortgage of property for which finance is being given.

Repayment
Loan is to be repaid in equated monthly installments within a period of 25 years or before the borrower attains the age of 65 years. Repayment of loan for repair/ renovation/ addition/alteration has , however been restricted to 10 years. Loan upto Nu. 0.2 Million for purchase of Land/ Plot. Loan is available maximum upto Nu. 0.2 Million for furnishing

Pre- Payment charges
Nil- In cases where the loans are prepaid by the borrower from their own sources Nil- In cases where the borrower shifts to other bank within 30 days from the date of issuance of circular for upward revision in the rate of interest to be charged in his account or change in other terms of sanction.
2 % – In cases where the account is taken over by some other Bank/ Financial institutions by way of availment of loan from such bank/ financial Institutes.

Disbursement
For outright purchase of house/ flat, the loan amount will be paid in lumpsum to the vendor.
For house/ flat under construction, the loan amount will be disbursed in stages as per progress of construction/ demand by selling agency.

For more details and other formalities contact nearest branch head.

Download Application form for Housing Loan

Available for purchase of New Car/ Van/ Jeep/ Multi Utility Vehicle (MUV)/ Sports Utility Vehicle (SUV)

Eligibility
For Private use : Individuals as well as Business Concerns (Corporate or non-corporate)..

Amount of Loan

Margin: For New Vehicles: 40%. Old Vehicles: 60%.

Rate of Interest: 13% p.a

Repayment period: Maximum 5 years

Security
The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower jointly with the Bank.

Guarantee / Collateral Security
Guarantee of spouse, if employed/ earning or third party guarantee, OR Collateral Security in the shape of either Immovable Property or Liquid Security equivalent to 100% of loan amount. Additional guarantee of parent(s)/ spouse to be taken incase their income has been taken account for determining loan amount.

Disbursement
The intending borrower will be required to settle the transaction for purchase of vehicle needed by him/her with the seller and will be required to deposit the difference of the cost of the vehicle to amount of loan, and thereafter, the advance will be allowed to him/her from the bank by paying the entire price of the vehicle to the seller directly on behalf of the borrower.

For more details and other formalities contact nearest branch head.

Download Application for Vehicle Loan

Eligibility: Any individual / Association of persons / Partnership Firms engaged in the business of transport.

Purpose: Purchase of commercial vehicles

Amount of Loan: Need based (Vehicle cost including body less margin)

Margin: 40%

Repayment of Loan: 60 equal monthly instalments

For more details and other formalities contact nearest branch head.

Download Application form for Transport Loan

Objective
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.

Student Eligibility
* Should be a Bhutanese Citizen.
* Secured admission to Professional/Technical courses through Entrance Test/Selection process.
* Secured admission to foreign University/Institutions.
* Student should have secured pass marks in the qualifying Examination for admission to Graduation Courses.

Formalities Required
* Citizenship ID card
* Last qualification certificates
* Proof of admission in higher studies
* Proof of income of Parents / guarantors
* Two photographs

Quantum of Finance
Need based finance, subject to repaying capacity of the parents/students with margin and the following ceilings :-
Studies in Bhutan    – Maximum Nu 0.40 Million
Studies Abroad        – Maximum Nu. 1.50 Million

Margin
Upto Nu. 0.40 Million         – 25%
Above Nu 0.40 million       – 15%

* Scholarship / assistantship to be included in Margin.
* Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.

Repayment
The maximum loan repayment period is 5 years repayable at monthly interval.
For more details and other formalities contact nearest branch head.

Download Application Form for Education Loan

Eligibility
* All Government Employees
* Private Job: Minimum annual Income Nu.0.20 million
* The confirmed/permanent employees of above mentioned categories who are not drawing their salary through our Bank branches, under *check-off facility only.
However, any Company/institution is to be termed as reputed company/institution only with the approval of Corporate Office taking into account the financial strength of the Company/institution

Purpose
To meet all types of personal needs.

Minimum net monthly income
Nu. 8500 per month for eligible customers.
However, for Teachers and Defence Personnel including officials of Military Station Headquarters, whose salary is being credited and disbursed through our branches the minimum Net Monthly Income criteria shall be Nu.5,000

Nature & amount of loan
Minimum amount of loan will be Nu.10,000/- and maximum amount of loan Nu.3,00,000/- or 30 times monthly net salary whichever is lower, depending upon the repaying capacity.

Margin
Nil

Repayment of loan
The entire loan shall be repaid in maximum 60(sixty) equated monthly installments (EMIs) comprising of principal & interest OR remaining period of service, whichever is earlier.
Note: The amount of recovery should be limited to an amount that leaves at least 40% of the salary for the employee after deducting installment for various loans including installment of this loan, PF, Income Tax and other statutory deductions, if any. In other words, the carry home pay of an employee under no circumstances should be less than 40% of his/her gross emoluments.

For more details and other formalities contact nearest branch head.

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

Background
Industrial activities plays vital role in the growth of economy of any country, industrial activities also facilitate development of ancillary units and employment opportunities among the youth. Keeping in view the above an attractive Industrial loan scheme has been designed on easy terms.

Eligibility
The customer should be a Bhutanese National, Firm or Company incorporated in Bhutan

Purpose
Project financing and working capital

Amount of loan
Need Based

Margin
Term Loan -     – 25%

Working Capital
1. Indigenous Materials     :       25%
2. Imported Materials       :       35%

Repayment of loan
Term Loan :  10 years inclusive of moratorium period
Working Capital :  Working Capital generally sanctioned for one year subject to renew / review on yearly basis on fulfillment of terms and conditions.

For more details and other formalities contact nearest branch head.

Download Application form for Mfg & Industrial Loan

Eligibility
The applicant should have an account with the bank and should be a Bhutanese citizen. Applicants should have an independent source of regular income besides the dividend income.

Purpose
Consumption need / investment purpose.

Quantum of loan
Need based, subject to regulatory ceiling of finance against shares.

Margin
50% of the market value

Repayment of loan
5 years in monthly installments / lumpsum

For more details and other formalities contact nearest branch head.

Download Application form for Loan against Shares

BACKGROUND
Bhutan is a place of natural beauty and well known place for tourist. The tourisms activities itself contribute a large portion of National Income. Keeping in view the above background and to facilitate better communication and services to the tourists the following scheme has been designed to promote service and tourism activities in the country.

Eligibility
Tourist operators / Hoteliers or other Service Units.

Purpose
Setting up and expansion of Hotels / tourist resorts/ service centers

Quantum of loan
Need based

Nature of loan
Term Loan or Working Capital

Repayment of loan
Term Loan :  Not more than 10 years.

For more details and other formalities contact nearest branch head.

Download Application form for Loans for Tourism

Eligibility
The customer should be a registered contractor with good track record.

Purpose
For purchase of equipments / working capital.

Quantum of loan
Need based

Margin
Term Loan       -     – 40%
Working capital -     – 30%

Repayment of loan
5 years in monthly installments / lumsum

For more details and other formalities contact nearest branch head.

Download Application form for Loan to Contractors

Eligibility
Any deposit holder. However, in the case of deposit in the name of MINOR no loan will be sanctioned to minor as well as to a third party.

Purpose
Personal needs

Quantum of Loan
90% of the deposit value inclusive of accumulated interest.

Nature of loan
Demand Loan or Overdraft

Repayment
Monthly installment OR upon maturity of the deposit.

Security
Pledge of deposit receipt

Documentation
In case of Demand loan
i.     Application cum pledge letter
ii.    Original FDR duly discharged

In case of Overdraft
i.     Application cum pledge letter
ii.    Overdraft Agreement
iii.    Original FDR duly discharged

For more details and other formalities contact nearest branch head.

Download Application form for Loans against Deposit

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.

Eligibility
Progressive literate and illiterate farmers who are owner cultivators.

Extent of loan
Need based

Repayment of loan
Loan with interest is repayable in maximum period of 48 months in suitable installments.

For more details and other formalities contact nearest branch head.

Download Application Form for Agriculture Loan