Healthcare has become very expensive and not everyone can afford it therefore, BoB is aiming to support them by financing medical loan to meet the health expenses.
Medical loan is aimed to cover emergency or planned medical procedures. A personal medical loan ensures that you get quality medical care with no delay. These medical loans can be used to pay for medical expenses including hospitalisation bills, medical prescription bills, surgeries and other related expenses.
The applicant should be a close relative to the diseased or nominated by the patient if the patient is in critical stage. Otherwise, the patient can apply the loan by herself/himself.
Floating/prevailing interest rate
Maximum 7 years.
PF and gratuity backed by guarantor (Bhutanese nationals) and should be a regular/contract employee for all applicants, irrelevant of the employer and the guarantor. They shall stand liable for the loan till the liquidation of the loan. However, the guarantor should not stand guarantee for more than 3 active loans (salary based). To be verified from CIB report.
For Individuals providing fixed assets as collaterals – No guarantor is required in case the securities are in the name of the borrower and repayment is to be serviced by him/her. Otherwise, the borrower has to provide a guarantor possessing fixed assets and income source for servicing the loan.
CHECK LIST (PRE-SANCTION)