Festival Loan

Don’t miss out on the fun and frolic of festivals. Opt for BoB Festival Loan to shop for clothes, gifts, sweets and groceries. Bring back the cheer and celebrate in style.

Eligibility

A. Salaried
  • Regular employees of Government, Corporations, listed companies, with PFs and gratuity with a minimum of 6 months of confirmed service including probation period.

  • Self employed person with adequate proof of income

 

B. Collateral
  • 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.

 

Guarantor

All guarantors should be Bhutanese nationals and regular employee for all applicants irrelevant of the employer and the guarantor shall stand liable for the loan till the liquidation of the loan. (If the loan is salary based)

 

Quantum

Nu. 100,000/- subject to 30% take home pay whichever is lower.

 

Interest Rate

 

Tenure

5 years maximum

 

Required Documents

Checklist
  • Application duly filled in and signed on all the pages. CLICK HERE to Download the Form.

  • Copy of valid Citizenship Identity (CID) of both the applicant and the guarantor as applicable.

  • One recent Pass Port size photograph of the applicant.

 

1. Without collateral
  • Latest Original Pay Slip of the applicant(s) and guarantor dully filled, signed and sealed by salary disbursing officer & recommendations.

  • Copy of Appointment Order or Promotion Order of the applicant and guarantor (if applicable).

  • Undertaking letter (E-PEMS based salary loans).

  • Affidavit (E-PEMS based salary loans).

  • Declaration form filled and signed by applicant in front of the bank staff or in bank premises.

 

2. With collateral
  • Application duly filled in and signed on all the pages by the applicant.

  • CID copy of both the applicant and the guarantor (if applicable).

  • CID copy of children if 15 years and above.

  • One recent Pass Port size photograph of the applicant.

  • Ownership certificate of collateral security offered to bank. Branches must ensure and check properly the title of the ownership as per the Lag Thram (individual, joint, co-ownership or family).

  • For joint and co-ownership land, consent letter from the joint owner or co-owner should be obtained.

  • For family owned land – A copy of, family (household) register issued by Department of Civil Registration and Census, MoHCA and a NOC letter from family members (18 years and above) (if applicable).

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

  • Proof of income to service the loan – rental income/ BIT/ PIT/Salary Slip duly certified by the Department concerned.

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