Education Loan

Launch a rewarding career with Bank of Bhutan Education Loan! Aspiring students, studying within or outside Bhutan, can realize their dreams of a higher education and soar higher towards a brighter future!


  • Students studying in private Schools/Colleges in Bhutan, India & Third Countries

  • Individuals on self study

  • Parents/guardians (consent letter from the parents, if applicable)


Product Quantum
With Mortgage 60% of the value of acceptable collateral (land or (Land and Building) but not exceeding Nu.3,000,000 for students studying in India & abroad and Nu. 900,000/- for students studying in Bhutan-
On Salary 30 times the net salary or maximum Nu.900,000/- with not less than 30% of the gross salary as net take home pay (including proposed loan)

Interest Rate


7 years

Required Documents

  • Education Loan application duly filled in by the applicant

  • 1 passport sized photograph

  • CID copy of applicant

  • CID copy of children if 15 years and above

  • Provisional admission or latest academic admission of the university/college

  • Latest progress report of the student

  • Fee structure

The following documents are to be submitted on the provision of the collateral:

  • Ownership certificate of collateral security offered to bank

  • Property valuation/assessment certificates/drawings of buildings conducted by BoBL’s engineer

  • Valid insurance copy of the collateral securities charged in case of buildings

  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (if applicable)

  • Letter of Consent (if applicable) if guaranteed

  • Proof of income to service the loan – rental income statement signed by the tenants and the landlord/BIT/PIT/Salary Slip duly certified by the Department concerned

  • Letter from the applicant that rental income will be tied up for payment of loans (if applicable)

If repayment is tied to the salary the following documents are to be submitted:

  • CID copy of guarantor (equal or higher grade with three years of confirmed service from same department)

  • An irrevocable letter of authority from the applicant to his employer for deduction of monthly loan installment from salary

  • An irrevocable letter of authority from the employer to deduct the monthly loan installment from salary of applicant and remit to bank

  • Latest Pay Slip of the applicant(s) and guarantor dully filled by salary disbursing officer, signed and sealed by salary disbursing officer & recommendations

  • Call us on: 1095
  • Write to us at: [email protected]
  • Request Callback:+975