Loan Interest Rate

Loans


Sl.No.	Loan Type	Interest Rate ( % p.a.)
1.	Trade & Commerce (including civil contractors and general order suppliers)	13.75
2.	Small Business Artisan Credit Scheme	13.75
3.	Export Finance:
	a) From first disbursement date to 60 days after last disbursement.	13.00
	b) More than 60 days after last disbursement.	14.00
4.	Manufacturing / Industry:
	a) Term Loan	12.00
	b) Working Capital	13.00
5.	Service / Tourism
	a) Term Loan	10.00
	b) Working Capital	12.75
6.	Transport (Heavy Vehicles):
	a) Term Loan	10% for 3 years 11% for 5 years
	b) Working Capital	14.00
7.	Transport (Light Vehicles)	10% for 3 years 11% for 5 years
8.	Agriculture / Animal Husbandry	13.00
9.	Housing:
	a) New Construction	11.5
	b) Renovation/Repair	11.5
	c) Purchase	11.5
10.	Loans against shares	12.00
11.	Personal Loans / Gold Loans	15.00
12.	Vehicle Loan to Government Employees	10% for 3 years 11% for 5 years 11.5% for 7 years (Only for foreign vehicles)
13.	Consumer Loan	12.00
14.	Education Loan	9.00
15.	Loans against Term Deposits	1.00% above the TDR rates
16.	EDP Loan:	Subject to change as per RGOB’s directives
	a) Term Loan	10.00
	b) Working Capital	12.00
17.	Credit Guarantee Scheme	Subject to change as per RGOB’s directives
	a) Term Loan	10.00
	b) Working Capital	12.00
17.	Mortgage Loan	11.00

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