| Eligibility |
Any Individual/Firm |
| Purpose |
- For new construction/purchase of already constructed houses/flats/vertical and horizontal expansion of a house.
- For renovation/repairs and maintenance of house.
|
| Quantum of Loan |
60% of estimated value of flats/construction or renovation costs. |
Rate of
Interest |
- 10% per annum.
- 13% per annum.
|
Repayment
Period |
Up to 20 years. |
| Security |
Mortgage of land, flat or building. |
Documents
Required |
- Ownership Certificate of plot and buildings.
- Approved building drawing.
- Cost estimates of the renovation / construction of the building.
- Letter of consent from guarantor, if any.
|
|
| For further information, please contact our nearest branch or the Credit Department at Head Office, Phuentsholing. |
|
