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Turning dreams into reality. Bank of Bhutan Establishment Loan enables a fresh employee who has started a new job to enhance his/her lifestyle. One can purchase various household items including furniture, home appliances, and kitchen items with this attractive loan, adding more comfort, convenience, and style to one’s life.
ELIGIBILITY
Any individual in their probation period except for private-sector employees.
GUARANTORREQUIREMENT
General condition for guarantor applicable to all the eligible employee
Shall be Bhutanese Nationals and regular employee and shall stand liable for the loan till the liquidation of the loan.
Shall not stand as guarantor for more than three active loans (salary-based).
A spouse can stand as a guarantor for his/her spouse. However, if the applicant is a private or contract employee then the spouse should be a regular employee of Govt/DHI Owned companies.
The guarantor should be in the service for 3 years or more.
Sl. No
Eligible Borrower
Guarantor requirement
1
Regular employees
1. e-PEMS(A guarantor is not required). 2. Non-e-PEMS (EMI remitted from the office) A guarantor of equal or higher grade from the same office/ Ministry is required.
QUANTUM
Maximum of Nu. 50,500.00 (Fifty Thousand Five Hundred only).
TENURE
2 Years Maximum.
INTEREST RATE
CLICK HERE to view the Floating/Prevailing interest rate.
CHECKLIST FOR SETTLEMENT/ESTABLISHMENT LOAN ( FOR DOWNLOAD IN PDF )
Application form duly filled by the applicant and signed on all the pages (full signature) – For walk-in customers only.
Copy of valid Citizenship Identity (CID) of both the applicant and guarantor (if applicable).
One recent passport-size photo of the applicant.
The latest original pay slip of the applicant and guarantor (if applicable) duly filled, signed, and sealed by the salary disbursing officer & recommendations.
Copy of appointment order or promotion order of the applicant and guarantor (if applicable).
Recommendation letter duly signed and sealed by Head of Department, salary disbursing officer, and the applicant