Share Loan - Bank of Bhutan

Share Loan

Loans

Eligibility	Any Individual, Firm or Company.
Purpose	Purchase of company shares.
Quantum of Loan	50% of share values/issue price.
Rate of Interest	Upto 1 year-11.73% Upto 2 years-11.83% Upto 3 years-11.93% Upto 4 years-12.03% Upto 5 years-12.13% Upto 6 years-12.23%
Repayment Period	6 years.
Security	Pledge of shares.
Documents Required	Loan Against share application form duly filled in by the applicant 2 passport sized photographs CID copy of applicant CID copy of guarantor if applicable. Share certificate/ share application form at the time of purchasing. Proof of income to service the loan – rental income statement signed by the tenants and the land lord/ BIT/ PIT/Salary/vehicle income. Copy of business license if loan is to be serviced from business earnings. If the repayment is tied by against salary, applicant should submit latest Pays Slip of the applicant(one year confirmed service) and guarantor (equal or higher grade of three years confirmed service from same department) dully filled by salary disbursing officer, signed and sealed by salary disbursing officer & recommendation officer. The employees should be entitled to PF and Gratuity

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