Loans

Letter of Credit

Letter of Credit is issued by bank on behalf of clients for import of goods.

Eligibility Any individual / firm / companies with valid license for importing goods from third countries.
Purpose For importing of goods.
Bill Charges @ 0.30%
Commitment
Charge		 @ 0.15%
Cash Margin 25% of LC value (Minimum).
Documentation
  • Import License.
  • Application & Guarantee form for opening Documentary Letter of Credit.
  • Performa Invoice.
  • Appendix – 2

For further information, please contact our Phuentsholing Main Branch, Thimphu Main Branch or the Credit Department at Head Office, Phuentsholing.