| Nature |
Details |
|
Financing Pattern |
The bank lends industrial
loan up to 60% of the cost of the project
and it does not include working capital
margin money and working capital loan up
to 75% of the total working capital gap.
The financing purpose should be for the
establishment of schools, hotels, resorts,
for purchasing passenger buses and equipment
for tour operating companies. |
|
Interest Rate &
Fees |
The interest rate service
& tourism loan is 10% excepting public
passenger buses which is 12%per annum. A
sum of Nu. 100 is charged as application
fee and valuation fee of Nu. 500/- in the
minimum and Nu. 5,000/- at the maximum is
also charged as per the engineers’
valuation. |
|
Loan Term |
10 years maximum (including
construction period) and 5 years for public
passenger buses. |
|
Eligibility |
The customer should
be a Bhutanese national |
|
Repayment |
Particular date for
commencement of repayment date is fixed
in the loan agreement repayable either in
monthly or quarterly installment.
|
|
Documentations |
Pre-sanctioning: Project
Report, Trade license, ownership Certificate,
approval drawings from the city corporation,
(if it is for the establishment of hotels,
resorts & schools), invoice from the
STCL & RSTA’s route approval (if
it is for the purchase of passenger buses)
FIS clearances, ID card of the promoter.
|
Post-sanctioning
|
Loan Agreement & Hypothecation deed.
A copy of insurance policy certificate has
to be submitted. On the immediate arrival
of the buses, the customer is required to
submit a copy of blue book and insurance policy
certificate of the bus. |
| Application Process |
The customer is required to contact the
appraisal officer under industrial loan division
at Ph # 328578-118/124. |
