Home > Overdraft To Civil Contractors / Supply Order
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
Interest Rate
Tenure
One year or till the validity of the contract on hand.
Required Documents
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CID copy of the applicant and guarantor
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Recent Passport size photograph of the applicant
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Ownership certificates of securities offered to bank
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Property valuation/assessment/estimate certificates
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Copy of Work Order/ supply order supported by relevant pages of the agreement
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Copy of the Quotation/Invoice
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Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank.
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Copy of valid trade license
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Statement of stock & book debts debtors (age wise), sundry creditors as on a recent date.
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Sales and Purchases report for the past 12 months.
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Income and expenditure / Profit and Loss and Balance sheet for the last two years (preferably audited)
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Projected sales and purchases for the next 12 months
