Loans Against Shares
The Share market in Bhutan is still in its infancy
stage. However, the capacity of these securities
to generate higher returns than Bank deposit rates
attract investors. We in the BNBL encourage and
guide such investors.Today the total outstanding
portfolio stands at Nu.38,314,573.55 as of 01/10/2007.
Lending Policy:
- Application Fee: Nu.100/- for every application
- Interest Rate : 12%
- Repayment : Monthly/Yearly
- Maximum Term : 10 years
- Penalty : 5%
Eligibility Criteria:
- Should be a Bhutanese citizen
- Company must be listed under the Royal Securities
Exchange of Bhutan
- Should have a sound source of income besides
the dividends
- A Loan of 50%-60% of the face value or the
Book value of the share maybe applied for.
- Purchase of Share(s) only
Credit Process:
Step I: Fill and submit Application Form
is available at any BNBL office. The form should
be supported with a copy of Identity card and two
passport size photographs.
Step 2: The Credit Officer will review your
documents and proposal. On acceptance of your proposal,
Loan clearance from other Financial Institution
Viz. BOB, BDFC, NPPF and RICBL will be sought. The
maximum period for obtaining loan clearance is one
week after which we commence our loan appraisal
to the loan committee. Following the above, the
actual appraisal and approval time would take half
a day at the maximum. The loan committee consists
Credit Officer, Legal Officer, Recovery Head, Credit
Head, Dy. Managing Director and the Managing Director.
To
download Loan Aplication Form click below:
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