| |
Eligibility |
Any Individual/Firm
|
Purpose |
-
For new construction/purchase
of already constructed houses/flats/vertical and
horizontal expansion of a house.
-
For renovation/repairs and maintenance
of house.
|
| Quantum of Loan |
60% of estimated value of flats/construction
or renovation costs.
|
Rate of
Interest |
- 10% per annum.
- 13% per annum.
|
Repayment
Period |
Up to 20 years.
|
| Security |
Mortgage of land, flat or building.
|
Documents
Required |
-
Ownership
Certificate of plot and buildings.
-
Approved
building drawing.
-
Cost estimates
of the renovation / construction of the building.
-
Letter
of consent from guarantor, if any.
|
For further information, please contact our nearest
branch or the Credit Department at Head Office, Phuentsholing.
|
|
|
