Loan Interest Rates

Loan Interest Rates

Bank of Bhutan is pleased to announce the Minimum Lending Rate (MLR) based revised interest rates W.E.F 1st September, 2018 as follows,

New interest rates
Existing interest rates Revised interest rates
SL Loan Product Maximum tenor(yrs) Floating Floating 5 yrs reset Fixed rate Floating
1 AGRICULTURE-TERM 15 7.99% 8.99% 9.98% 7.77%
2 AGRICULTURE-WORKING CAPITAL 1 8.85% 8.63%
3 HOUSING-NON-COMMERCIAL 20 8.20% 9.90% 10.75% 7.98%
4 HOUSING-COMMERCIAL 20 9.15% 10.65% 12.90% 8.93%
5 PERSONAL-CONSUMER(SALARY BASED LOAN) 5 8.85% 8.63%
6 PERSONAL-LOANS AGAINST SHARES 5 10.92% 11.78% 12.08% 10.70%
7 PERSONAL-LOANS FOR PURCHASE OF SHARES/SECURITY 6 10.90% 11.81% 12.60% 10.68%
8 PRRSONAL-MORTGAGE(LOANS AGAINST IMMOVABLE ASSET) 5 9.45% 9.23%
9 PERSONAL-MORTGAGE WORKING CAPITAL 9.23%
10 PERSONAL-OTHERS 1 13.14% 12.92%
11 PERSONAL FESTIVAL ADVANCE 5 9.65% 9.43%
12 PERSONAL LADIES PLUS 9.35%
13 PERSONAL SETTLEMENT LOAN 2 10.10% 9.88%
14 SERVICE-HOSPITALITY/ENTERTAINMENT/RECREATIONAL 20 9.95% 11.04% 11.88% 9.73%
15 SERVICE-IT RELATED BUSINESS 20 8.00% 9.68% 10.51% 7.78%
16 SERVICE-SETTING UP OF INSTITUTIONS 20 8.34% 10.03% 10.85% 8.12%
17 SERVICE-TRANSPORT(TOURISM) 5 9.14% 8.92%
18 SERVICE-HOTEL/RESORT/RESTAURANT 20 8.14% 9.89% 10.85% 7.92%
19 SERVICE WCL-WORKSHOPS AND AUTOMOBILES 1 11.85% 11.63%
20 SERVICE-WORKING CAPITAL 1 10.20% 9.98%
21 SERVICE-CONTRACTORS/SUPPLIERS(CONTRACT BASE) 9.98%
22 SERVICE-OTHERS 5 10.20% 9.98%
23 TRADE & COMM-EXPORT PACKAGING CREDIT 1 9.71% 9.49%
24 TRADE & COMM-HIRING UNITS-MACHINERY 5 10.15% 9.93%
25 TRADE & COMM-CONTRACTORS AND SUPPLIERS 3 10.51% 10.29%
26 TRADE-TERM LOAN 10 10.42% 10.95% 11.71% 10.20%
27 TRADE & COMM-WC FOR BUSINESS 1 9.45%
28 TRADE & COMM-WHOLESALE AND RETAIL 1 11.35% 11.13%
29 TRANSPORT-COMMERCIAL 5 8.92% 8.70%
30 TRANSPORT-NON-COMMERCIAL 5 9.65% 9.43%
31 TRANSPORT-PUBLIC SERVICE 10 9.89% 11.58% 11.85% 9.67%
32 ENTREPRENEUR DEVELOPMENT PROGRAM(EDP) 5 10.00% 10.00%
33 EDUCATION STUDENT LOAN 7 7.71% 9.43% 9.71% 7.49%
34 MANUFACTURING 20 9.98% 10.40% 11.93% 9.76%
35 MANUFACTURING-HYDRO POWER TERM LOAN 20 10.00% 10.42% 11.86% 9.78%
36 MANUFACTURING-RENEWABLE ENERGY-TERM LOAN 20 10.00% 10.42% 11.86% 9.78%
37 MINING AND QUARRYING 20 9.34% 11.03% 11.85%
38 MANUFACTURING-WORKING CAPITAL 1 11.05% 10.83%

Note:
1. All rates are inclusive of the MLR of 6.30%. The MLR is subjected to review and change every 6 months.
2. All the customers under old fixed rates opting for revised floating rates may kindly visit our nearest BoB Branch office.
3. The interest rates for floating 5 years reset and fixed remains unchanged.