Caution

If you receive any calls (except from BoB Contact Center when you have lodged a concern with them +975 2 349903), SMS and email asking for personal details such as account number or ATM card number, please do not share. Bank of Bhutan will never ask for personal details of clients. It’s all spam.

Notification on ATM Withdrawal Charge

All customers are requested to note that cash withdrawals from other bank’s ATM machines are chargeable @Nu 9/- per withdrawal transaction from the sixth transaction onwards, and is recovered at each month end. This is a common charge across banks and as mandated by the Central Bank.

BoB provides timely long term financial assistance for setting up of new manufacturing units & service industries in the sectors of hospitality, entertainment, education, IT, tourism or for expansion of existing units/industries at attractive rate of interest. Loans can be sought for project finance, purchase of plant & machinery, working capital etc.

ELIGIBILITY

  • All individuals/companies engaged in any type of manufacturing/service related activity.

QUANTUM

  • For manufacturing loan: 60% to 75% of the total cost of the project.
  • For service loan (construction): 60% to 75% of the total valuation of property estimated by BoBL engineer.
  • For service loan (Set up of institution and resorts, hotels, etc): 60% to 75% of the totalvaluation of the set up invoices or total cost of the project.

INTEREST RATE

TENURE

  • Max. 15 years for Term Loan excluding moratorium period of 5 years.

CHECKLIST FOR MANUFACTURING/SERVICE LOAN. (FOR DOWNLOAD IN PDF)

  • Application form duly filled in and signed on all the pages (Full Signature).
  • Copy of valid Citizenship Identity (CID) of both the applicant and the guarantor as applicable.
  • One recent Pass Port size photograph of the applicant.
  • Valid Trade License
  • Project Approval letter from DoI, MoEA
  • Construction approval from Thromde/Dzongkhag
  • NEC Clearance Certificate

Project Proposal :

  • Details of promoter and their % share in the capital
  • Promoters other businesses – by ownership, license & activity
  • Capacity utilization of the unit for the last 8 months
  • Projected financial reports/ statements for 10 years.
  • Letter from BPC for Power Supply
  • Government’s approval for project establishment
  • Boards resolution for establishing this business and for enhancing the term loan.
  • Architectural Drawing of the construction.
  • Estimates for Quotations/ invoices for machinery & miscellaneous fixed Assets.
  • Technical Collaboration Agreement/Technical Know-How Agreement.