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.

Home Business Banking Loans OD Trade & Commerce (Contractors & Suppliers)

OD Trade & Commerce (Contractors & Suppliers)

When you need money in quick time to tide over your immediate needs, turn to Bank of Bhutan’s Overdraft Loan facility. This is a short term loan and comes with hassle-free documentation and easy fund access.

ELIGIBILITY

  • All contractors who are awarded work / supply order

QUANTUM

  • 60 – 70% of the Work Order Value / Supply Order Value

INTEREST RATE

  • CLICK HERE to view the Floating/Prevailing interest rate.

TENURE

  • One year or till the validity of the contract on hand.

CHECKLIST FOR TRADE & COMMERCE (CONTRACTOR & SUPPLIERS)

  • 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.
  • Estimate of income and expenditure to be submitted.
  • Copy of Work Order supported by relevant pages of the agreement
  • Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank.
  • Copy of valid contract license.
  • Ownership certificate(s) of the collateral security offered to bank.
  • Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
  • For family owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
  • Valid insurance copy of the collateral securities charged in case of buildings.

Downloads / Links

Download OD Trade & Commerce Form