Transport Loans

We have been financing the purchase of Commercial and Personal Vehicles since 1992.

Light Vehicles

Lending Policy:
A) For purchase of Light Vehicle for Commercial use(Taxi):

• Application Fee: Nu.100/-
• Interest rate: 14%
• Repayment mode : Monthly
• Maximum term : 5 years
• Penalty rate : 5 %

• Should be a Bhutanese citizen.
• Generally, client must have 50% of cost of vehicle as equity contribution
• Departmental Undertaking must be submitted if repayment is to be made from salary.
• Cash flow/Profit & Loss statement & copy of Trade License must be submitted if repayment is to be made from Business Income.
• Comprehensive Insurance is a MUST

Credit Process:
Step 1 : Application form is available at BNBL offices. You will be required to fill in your basic information & loan proposal in this form. The form should be supported with all documents prescribed under Eligibility Criteria and other documents such as a copy of Identity card & two nos. of passport size photo.

Step 2 : With Step 1 documents, you will be required to approach the credit Officer to review your documents/discuss & Appraise your proposal.

Step 3: On acceptance of loan proposal, the BNBL's actual appraisal and approval time may take half a day at the maximum. The loan committee is consists of Appraisal officer Legal officer, Dy. Credit Head, Credit Manager and Dy. Managing Director and the Managing Director.


Heavy Vehicles

Lending Policy:
A) For purchase of Heavy Vehicle:

• Application Fee: Nu.100/-
• Interest rate: 13%
• Repayment mode : Monthly
• Maximum term : 5 years
• Penalty rate : 5 %

Eligibility criteria:

• Should be a Bhutanese citizen.
• Generally, client must have 50% of cost of vehicle as equity contribution
• Cash flow/Profit & Loss statement & copy of Trade License must be submitted if repayment is to be made from Business Income.
• Comprehensive Insurance is a MUST

Credit Process:
Step 1 : Application form is available at BNBL offices.You will be required to fill in your basic information & loan proposal in this form. The form should be supported with all documents prescribed under Eligibility Criteria and other documents such as a copy of Identity card & two nos. of passport size photo.

Step 2 : With Step 1 documents, you will be required to approach the credit Officer to review your documents/discuss & Appraise your proposal.

Step 3: On acceptance of loan proposal, the BNBL's actual appraisal and approval time may take half a day at the maximum. The loan committee is consists of Appraisal officer Legal officer, Dy. Credit Head, Credit Manager and Dy. Managing Director and the Managing Director.

To download Loan Aplication Form click below: