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Business Loans
We have been financing loans for business since
1992. In 1997 after we became a Bank, we also started
providing overdraft facilities.
Lending Policy:
- Application Fee: Nu.100 for every application.
- Valuation Fee: As per the Engineer's inspection
(Maximum Nu.5000/-)
- Interest rate: 14%
- Repayment: Lump sum for overdrafts
- Maximum Term:
- Overdraft renewable annually
- 5 years for Term Loans
- Penalty Rate: 5%
Eligibility Criteria:
Security:
- Should be a Bhutanese citizen
- Immovable properties; House/ Building must
be commercially viable
- Movable properties; Equipment/ Vehicles (not
older than five years)
- Gold jewelleries and Fixed Deposit Certificates
- Ownership Certificate (3 months validity)
- Trade License or CDB certificate for contractors
- Should have a sound source of repayment
- Loan will be sanctioned at 50 to 60 % of
the collateral Value
Credit Process:
Step 1: Fill and submit Application Form
is available at any BNB office. The form should
be supported with all documents prescribed under
Eligibility Criteria besides other documents such
as copy of Identity card and two passport size photographs.
Step 2: The Credit Officer will review your
documents and proposal. The Engineering Division
will determine your collateral.
Step 3: On acceptance of your proposal, Loan
clearance from other Financial Institution Viz.
BOB, BDFC, NPPFand RICB will be sought. The maximum
period for obtaining loan clearance is one week
after which we commence our loan appraisal to the
loan committee. The actual appraisal and approval
time in BNB takes half a day at the maximum. The
loan committee is consists of Appraisal officer
legal officer, Recovery Head, Credit Manager and
Dy. Managing Director and the Managing Director.
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