National Pension & Provident Fund

Letter of Intent - Construction of Residential Building (Package - I) in Gelephu.

Posted On 2019-12-05 | tender

This is to notify you that, it is our intention to award the contract for bid dated 1st September, 2019 for execution of the Construction of Residential Buildings (Package-I) in Gelephu, to NTT Construction Company Pvt Ltd with Identification number NPPF/RE/PR-GP/26/2019/02 for the Contract Price of Nu. 113,707,010.50 [Nu. One Hundred Thirteen Million Seven Hundred Seven Thousand Ten and CH. Fifty] as corrected and modified in accordance with the Instructions to Bidders. Please click here for letter of intent.

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In line with RMA’s notification on the 3rd revision of MLR from 6.66% to 6.51% dated August 03, 2017, the National Pension and Provident Fund (NPPF) would like to inform that there is no change in the interest rates for member loan products. However, interest rate for corporate clients has been revised.

Revised Lending Rate

#	Loan Product	Tenor (Years)	Current Rate
1	Education Loan	5	9.50%
		10	9.70%
		15	10.00%
2	Housing Loan (Commerical)	20	10.50%
3	Member Home Loan	20	9.0 % (fixed) and 8.0% (5-years reset)
4	Student Loan	up to 15	8% during gestation 9% thereafter
5	Member Loan	5	8.5%
6	Flat Purchase	20	8.75% (fixed) and 7.75% (5-years reset)