Caution

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Turning dreams into reality. Bank of Bhutan Establishment Loan enables a fresh employee who has started a new job to enhance his/her lifestyle. One can purchase various household items including furniture, home appliances, and kitchen items with this attractive loan, adding more comfort, convenience, and style to one’s life.

ELIGIBILITY

  • Any individual in their probation period except for private-sector employees.

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 of equal or higher grade from the same office/ Ministry is required.

QUANTUM

Maximum of Nu. 50,500.00 (Fifty Thousand Five Hundred only).

TENURE

2 Years Maximum.

INTEREST RATE

CLICK HERE to view the Floating/Prevailing interest rate.

CHECKLIST FOR SETTLEMENT/ESTABLISHMENT LOAN ( FOR DOWNLOAD IN PDF )

  • 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