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

Tenure

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

• CID copy of the applicant and guarantor

• Recent Passport size photograph of the applicant

• Ownership certificates of securities offered to bank

• Property valuation/assessment/estimate certificates

• Copy of Work Order/ supply order supported by relevant pages of the agreement

• Copy of the Quotation/Invoice

• Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank.

• Copy of valid trade license

• Statement of stock & book debts debtors (age wise), sundry creditors as on a recent date.

• Sales and Purchases report for the past 12 months.

• Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited)

• Projected sales and purchases for the next 12 months