Your immovable assets, like land & building, can provide you desired liquidity in times of need. BoB Mortgage Loans come with low interest rates and are disbursed in quick time.
ELIGIBILITY
- Any individual who has fixed assets (land or (land & building)) with adequate proof of income.
- Existing client – we may accept for extension of securities already charged with the Bank with enough margin of safety and source of repayment.
QUANTUM
50 – 60% of the value of securities or Nu. 500,000 whichever is lower with confirmed repayment source.
INTEREST RATE
CLICK HERE to view the Floating/Prevailing interest rate.
TENURE
5 years maximum
CHECKLIST FOR MORTGAGE LOAN
- Application form duly filled by the applicant or Digital Application in BoBLoan;
- Proof of identity for an applicant and the guarantor;
- Ownership certificate(s) of the mortgage offered to the bank;
- Consent letter from the joint owner if the mortgage provided is joint ownership;
- For family-owned land a copy of family tree and No Objection Certificate (NOC) letter from family members (18 years and
above); - Proof of income to service the loan repayment; and
- Power of Attorney (POA) only in case of people residing outside Bhutan/unable to present themselves in the Bank.