Caution

If you receive any calls (except from BoB Contact Center when you have lodged a concern with them +975 2 349903), SMS and email asking for personal details such as account number or ATM card number, please do not share. Bank of Bhutan will never ask for personal details of clients. It’s all spam.

Notification on ATM Withdrawal Charge

All customers are requested to note that cash withdrawals from other bank’s ATM machines are chargeable @Nu 9/- per withdrawal transaction from the sixth transaction onwards, and is recovered at each month end. This is a common charge across banks and as mandated by the Central Bank.

Conveniences and small luxuries make life enjoyable. Consumer Loan is an easy finance option for purchasing household items.

ELIGIBILITY

  • All salaried employees with Provident Fund (PF)/ Gratuity.

GUARANTOR REQUIREMENT

General condition for guarantor applicable to all the eligible employee

  • Shall be Bhutanese Nationals and regular employee and shall stand liable for the loan till the liquidation of the loan.
  • Shall not stand as guarantor for more than three active loans (salary-based).
  • A spouse can stand as a guarantor for his/her spouse. However, if the applicant is a private or contract employee then the spouse should be a regular employee of Govt./DHI Owned companies. 
  • The guarantor should be in the service for 3 years or more.
Sl. NoEligible borrowerGuarantor requirement
1Regular employees1. e-PEMS A guarantor is not required.
2. Non-e-PEMS (EMI remitted from the office)  A guarantor is not required if the applicant is in service for more than 3 years including the probation period.A guarantor is required if the applicant is less than 3 years in service. The guarantor should be equal or higher grade from the same office/Ministry. For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry.
2Contract employeesAll the borrowers are required to provideTPG of the same or higher grade from the same agency or equivalent position from the Civil Service/DHI owned Companies/SOEs.For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry.
3Private employee  All the borrowers are required to provide an employer guarantee or TPG from a civil service/DHI-owned Companies/SOEs. However, the private company should be in operation for more than 5 years.

QUANTUM

SERVICE DURATIONMAXIMUM AMOUNT ELIGIBLE (Nu.)CONDITIONS
1 Regular Employees
6 to 12 months (including probation period)100,000.00Subject to fulfilment of 70% LTI
Above one to 3 years confirmed service300,000.00
Above 3 years confirmed service500,000.00
2Contract Employees
3 to 12 months (confirmed service)200,000.00Subject to fulfilment of 70% LTI
Above one to 5 years confirmed service or contract term whichever is lower500,000.00
3Private Employees
12 months (confirmed service)100,000.00Limit computation will be 1.5 times the PF accumulation of the applicant or as per the slab whichever is lower subject to fulfilment of 70% LTI.
Above one to 3 years confirmed service200,000.00
Above 3 years confirmed service500,000.00

INTEREST RATE

Floating/Prevailing interest rate.

TENURE

5 years maximum

REQUIRED DOCUMENTS

  • Application form duly filled by the applicant and signed on all the pages (full signature) – For walk-in customers only.
  • Copy of valid Citizenship Identity (CID) of both the applicant and guarantor (if applicable).
  • One recent passport-size photo of the applicant.
  • The latest original pay slip of the applicant and guarantor (if applicable) duly filled, signed, and sealed by the salary disbursing officer & recommendations.
  • Copy of appointment order or promotion order of the applicant and guarantor (if applicable).
  • Recommendation letter duly signed and sealed by Head of Department, salary disbursing officer, and the applicant.