This loan is given to individuals or business entity wishing to purchase vehicle from authorized dealer.
Borrower Eligibility
- Must have a proper source of Income
Term period
Maximum term period of Five years
Required Documents
- Copy of invoice/quotation for Vehicle to be purchased from an authorized dealer
- Proof of sources of Income
| Sl# | Loan Product | Details |
| 1 | Product name | Transport Loan |
| 2 | Little description on the product | This sector comprises of the loans provided for the purpose of purchase of vehicles for commercial and personal use bearing the registration certificate. |
| 3 | Eligibility | Any Bhutanese individual having reliable source of income. Comprehensive Insurance is a MUST |
| 4 | Quantum | 1. 30%-Personal vehicle |
| 2. 50%-Trucks and heavy machineries | ||
| 3. 70%-Electric vehicle and passenger buses | ||
| 5 | Interest Rate | 12.00% / 12.00% |
| 6 | Tenure | Upto 5 years / 5-10 years |
| 7 | Checklist | 1. Possess a valid Bhutanese citizenship card 2. Must be atleast 18 years in age 3. Must not be declared bankrupt under bankruptcy Act of Bhutan 4. Must be with good past repayment record 5. To recent passport size photograph 6. copy of citizenship indentity (CID of applicant) 7. NOC copy 8. Proof of source of income 9. Copy of invoice/quotation for vehicle to be purchsed from Authorised dealer |
| 8 | Forms | Attached |
