Loans

EDP Loan

 
Eligibility
  1. EDP selected graduates.
  2. Candidates should not already have any industrial borrowings from any financial institutions.
  3. Candidates must be at least 20 years old.
Purpose

Establishment of new business ventures approved by EPC, Ministry of Trade and Industry.
Quantum of Loan

Term Loan – 85% of fixed investment cost.
Working Capital – 100% of assessed working capital.
Rate of
Interest
  1. Term Loan – 10% per annum. *
  2. Working Capital – 12% per annum. *
Repayment
Period

10 years.
Security

Mortgage of assets created from loan and additional collateral coverage of 10% of total loan or Third Party guarantee with equal collateral coverage.
Documents
Required
  • Detailed project report of new business venture.
  • Graduation certificate of Comprehensive Entrepreneurship Course.
  • Certificate of recommendation from EPC, Ministry of Trade and Industry.
* The revised rate effective from 1st July, 2005.

For further information, please contact our nearest branch or the Credit Department at Head Office, Phuentsholing.