Caution

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ELIGIBILITY

  • Any individual(s) having PF or Gratuity.

GUARANTOR REQUIREMENT

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. NoEligible BorrowerGuarantor requirement
1Regular employees1. e-PEMSA guarantor is not required.
2. Non-e-PEMS (EMI remitted from the office)  A guarantor is not required if the applicant is in service for more than 3 years including the probation period.
A Guarantor is required if the applicant is less than 3 years in service. The guarantor should be equal or higher grade from same office/Ministry with 3 years or more in service.
For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry.
2Contract employeesAll the borrowers are required to provide TPG of the same or higher grade from the same agency or equivalent position from the Civil Service/DHI owned Companies/SOEs with 3 years or more in service.
For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry.
3Private employee  All the borrowers are required to provide an employer guarantee or TPG from a civil service/DHI-owned Companies/SOEs with 3 years or more in service. However, the private company should be in operation for more than 5 years.

QUANTUM

Maximum of Nu. 100,000.00 (One Hundred Thousand only).

INTEREST RATE

CLICK HERE to view the Floating/Prevailing interest rate.

TENURE

Maximum five (5) years.

REQUIRED DOCUMENTS

  • 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 (not required for e-PEMS)