Eligibility	Any Individual, Firm or Companies.
Purpose	Project Financing & Working Capital.
Quantum of Loan	75% of Project Cost.
Rate of Interest	13% for Working Capital 12% for Term Loan
Repayment Period	5 - 10 years.
Security	Hypothecation of stocks & industrial assets viz. Plant and Machinery.
Documents Required	Copy of Industrial Licence. Government's approval for project establishment. Clearance from National Environment Commission Detailed Project Report with brief description of the product(s), location of the project, market study, raw materials, probable buyers and economic benefit to the country etc supported by financial projections. Estimates for Civil Works / Quotations for machinery & miscellaneous fixed Assets. Audited Financial statements for the last 3 years (in case of existing companies). Ownership Certificate of the land / lease agreement etc. Technical Collaboration Agreement / Technical Know-How Agreement. Letter assuring release of foreign exchange from Ministry of Trade and Industry in cases involving import of machinery / raw material.

 

For further information, please contact our nearest branch or the Credit Department at Head Office, Phuentsholing.