ELIGIBILTY
- All Bhutanese residing in a third country with sufficient repayment capacity
QUANTUM
Maximum 50% of the market price.
INTEREST RATE
CLICK HERE to view the Floating/Prevailing interest rate.
TENURE
- 10 years (permanent resident/green card holders)
- 5 years (others)
CHECKLIST
- Application form duly filled in and signed on all the pages (Full Signature).
- CID copy of the applicant and guarantor if applicable.
- One recent passport size photo of the applicant.
- Salary slip/ Tax certificate of applicant and guarantor (if applicable) if repayment is tied up with salary.
- Appointment letter for applicant and guarantor (if applicable).
- Trade confirmation Certificate from RSEB
- Power of Attorney (POA) to execute the loan documents. POA should be issued to a family member.
- A copy of a family tree generated within past one month at the time of application submission to authenticate whether the guarantor/individual to whom Power of Attorney (POA) is issued is a family member or not.
Computation of LTI
- For computation of LTI, the combined salary of the spouse or family member (children) shall be considered. However, children must be of legal age.
- Multiple income sources shall be considered.
General Terms and Condition
- Email the duly filled loan form and other required documents to the Bank at [email protected]
- Original documents should be mailed to CRM, Loan Section at Thimphu Main Branch, BoB.
- Power of Attorney (POA) given by the rightful owner for execution of loan documents may be accepted only in case of people residing outside Bhutan/unable to present themselves in the Bank. However, it should be witnessed by a person having a good track record with the bank. For acceptance of POA, refer to the following Guidelines on issuance of Power of Attorney by the client.
- POA issued by an Individual has to be special or Limited POA issued for one-time financial or banking transaction;
- POA issued by an individual has to be issued to a family member(Transaction pertaining execution of Legal documents, agreements);
- An Individual issuing a POA to a person has to specify the purpose for which the POA has been issued. The POA issuer has to fill up Bank’s POA form witnessed by a Bank’s client having a good track record.