The home of your dreams can now be yours with Bank of Bhutan Housing Loans. Build your dream home without facing any financial hardships.
ELIGIBILITY
- All Bhutanese Nationals with sufficient collateral and repayment source.
QUANTUM
- Commercial housing loan: 80% of building estimates and 70% of building estimates which exceed 50 million.
- Non-commercial (home) loan: 90% of building estimates.
- For renovation: 50% of the renovation cost.
- Takeover loan: Loan Outstanding with other FIS.
INTEREST RATE
CLICK HERE to view the Floating/Prevailing interest rate.
TENURE
40 years
CHECKLIST
- Application form duly filled by the applicant OR Digital Application in BoBLoan and LOS;
- Proof of identity for an applicant and the guarantor;
- Approved drawing plan of the building and a copy of construction approval letter from concerned authority;
- Ownership certificate(s) of the property 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 letter (NOL) from family members (18 years and above);
- Sale Deed agreement in case of purchase of already constructed building/flat;
- Valid Building insurance copy for already constructed building;
- Proof of income to service the loan repayment (for already constructed building/flat); and
- Power of Attorney (POA) only in case of people residing outside Bhutan/unable to present themselves in the Bank.