Manufacturing/Industry

Loans

Eligibility	Any Individual, Firm or Companies.
Purpose	Project Financing & Working Capital.
Quantum of Loan	60% of Project Cost.
Rate of Interest	Upto 1 year- 12.73% Upto 2 years- 12.83% Upto 3 years -12.93% Upto 4 years -13.03% Upto 5 years -13.13% Upto 6 years -13.23% Upto 7 years -13.33% Upto 8 years -13.43% Upto 9 years -13.53% Upto 10 years -13.63% Above 10 Upto 15 years- 14.13% Above 15 Upto 20 years -14.63%
Repayment Period	up to 10 years.
Security	Hypothecation of stocks & industrial assets viz. Plant and Machinery.
Documents Required	Copy of Industrial Licence. Government’s approval for project establishment. Clearance from National Environment Commission Detailed Project Report with brief description of the product(s), location of the project, market study, raw materials, probable buyers and economic benefit to the country etc supported by financial projections. Estimates for Civil Works / Quotations for machinery & miscellaneous fixed Assets. Audited Financial statements for the last 3 years (in case of existing companies). Ownership Certificate of the land / lease agreement etc. Technical Collaboration Agreement / Technical Know-How Agreement. Letter assuring release of foreign exchange from Ministry of Trade and Industry in cases involving import of machinery / raw material.

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