Housing
Loan
We have been financing the construction
of residential houses and commercial buildings
since 1992.The current outstanding balance for
Housing Loan is Nu 2,821,652,486.15 as of 01/10/2007
Lending Policy:
- Application Fee: Nu 100/- for every application.
- Valuation Fee: As Per Engineer’s inspection
report (Maximum Nu. 5000)
- Interest Rate:
- 10% per annum for construction/ purchase of building or flats
- 13% per annum for renovation
- Repayment Mode: Monthly
- Maximum Term: 20 Years
- Penalty Rate: 5% is levied on the defaulted amount.
Eligibility Criteria:
- Should be a Bhutanese citizen
- House/Building must be commercially viable
- Proof of ownership of the Land/building (
3 months validity)
- Building plan duly approved by municipal authority
and or concerned authority
- Equity contribution must be 40 to 50% of total
construction cost
- Monthly installment must match monthly rental
income from the building
- Posses good credit worthiness
- Ownership Certificate
Credit Process:
Step 1: Fill in the application form available
at BNBL offices. The form should be supported With
all documents prescribed documents under the Eligibility
Criteria and other Documents such as copy of identity
card and two passport size photographs.
Step 2: You will then be required to approach
the Credit Officer to review your application
/documents and discuss your proposal. In the process
the engineering division will also confirm the
validity of your construction cost.
Step 3: On acceptance of
your proposal, Loan clearance from other Financial
Institution Viz. BOB, BDFC, NPPF and RICB 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 a
day at the maximum. The loan committee Consists
Credit Officer, Legal Officer, Dy. Credit Head,
Credit Head, Dy. Managing Director and the Managing
Director.
To
download Loan Aplication Form click below:
New
Application Form 
Additional
Application Form
LDR Form
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