Business Loans
We have been financing loans for business since 1992. From 1997,our Bank also started providing overdraft facilities. Today the total outstanding portfolio stands at Nu.79,279,865.10 as of 01/10/2007.

Lending Ploicy:

• Application Fee: Nu.100 for every application.
• Valuation Fee: As per the Engineer's inspection (Maximum Nu.5000/-)
• Interest rate: 14% p.a
• Repayment: Lump sum for overdrafts
• Maximum Term:
  • Overdraft renewable annually
  • 5 years for Term Loans
• Penalty Rate: 5%

• 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

Step 1: Fill up application form available at BNBL offices. The form should be supported with all documents prescribed under the Eligibility Criteria and 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 also confirm the value of the properties offered as collateral.

Step 3: On acceptance of your proposal, /loan clearance from other Financial Institutions Viz. BOBL, BDFCL, 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 of Appraisal officer, legal officer, Dy. Credit Head, Credit Head, Dy. Managing Director and the Managing Director.

To download Loan Aplication Form click below: