Housing Loan

The home of your dreams can now be yours with Bank of Bhutan Housing Loans. Enjoy facilities like maximum possible loan amount, long repayment tenure and easy on the wallet EMIs. Now, build your dream home without facing any financial hardship.

Eligibility

All Bhutanese nationals who have a confirmed source of income.

Quantum

For new Construction and Purchase – 60% of the building estimate done by BoBL’s engineer and 50% for renovation.

Interest Rate

Commercial Housing- 10.31% (Floating), 11% (5 Years Reset),
13.25% (Fixed Rate)

Non-Commercial- 8.46% (Floating), 10.16% (5 Years Reset),
11% (Fixed Rate)

For new Construction and Purchase – 60% of the building estimate done by BoBL’s engineer and 50% for renovation.

Tenure

20 years

Required Documents

  • Citizenship Identity (CID) copy of both the applicant and the guarantor if the loan is also secured by TPG

  • One recent Passport size photograph of the applicant

  • Original Ownership certificates of the plot where the building is being constructed and other fixed assets offered as securities to bank.

  • For Chirup, NOC from immediate family members (18 years and above) to avail loan and construct building in his/her name (in case of family owned land)

  • Sale Deed agreement in case of purchase of already constructed building/flat

  • Estimate of the building construction/renovation duly verified by Bank’s engineer

  • Latest Property valuation/assessment/estimate certificates of securities offered as collaterals

  • Latest Pay Slip of the applicant if repayment is tied up with borrower’s salary income

  • If repayment of loan is tied up with applicant’s salary, an irrevocable letter of undertaking from the employer for recovery of the monthly installment to be obtained

  • Approved drawing plan of the building and a copy of approval letter for construction

  • Copy of valid Insurance Policy with Bank’s hypothecation clause to be obtained after completion of the building

  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner in case the property is already charged to the bank and offered as security

  • Mortgage deed against Land and Building of the applicant and also other fixed assets if offered as additional security

  • Call us on: 1095
  • Write to us at: [email protected]
  • Request Callback:+975