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    • About Us

      Background

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      Loan Forms

      Member Home Loan Form

      Education Loan Form (For Civil Servant and RBP)

      Member Loan Application Form (Corporations and RBA/RBG)

      Loan Care Insurance Form

      Student Loan Application Form

      Education Loan Form (Corporations and RBA/RBG)

      Housing Loan Form

      Member Loan Application Form (For Civil Servant and RBP)

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Background

The National Pension and Provident Fund (NPPF) was established as an autonomous agency on March 30, 2000 to manage the pension and provident fund schemes of civil servants, state-owned corporation and armed forces. On 1 July 2002, the Government formally launched the National Pension and Provident Fund Plan (NPPFP) through the Executive Order to provide income security to the members on retirement and permanent disability. It also provides social support to the family members in the event of demise of a member while in service or after retirement.


The foundation of formal retirement income security was initiated in 1962 with gratuity scheme and the Government Employees Provident Fund (GEPF) in 1976 covering the government employees and armed forces.


In the face of modernization and rapid socio-economic development, the retirement scheme became insufficient. Considering the overall welfare of government employees during old age, His Majesty the Fourth Druk Gyalpo, His Majesty Jigme Singye Wangchuck issued the Royal Kasho to the Ministry of Finance and Royal Civil Service Commission in 1998 to review the existing retirement benefit schemes. Accordingly, the Government Working Committee (GWC) with technical support from the UNDP, ADB and World Bank carried carried out study which resulted in the separation of GEPF operation from RICBL and the establishment of NPPF.


NPPF’s Function


The NPPF, entrusted by the Executive Order has two important core business functions consisting of:
(i) Scheme Administration; and
(ii) Fund Management.
The dual function has broadened its operational scope to include retirement planning and loan services, in addition to its basic services, such as contribution collection, recordkeeping, and benefits payment.


Links

  • About Us
  1. Background
  2. Milestone
  3. Organogram
  • Governance
  1. Board of Directors
  • Corporate Social Responsibility
  1. Lotedh Scheme
  2. Social Club
  • Management
  1. Senior Management
  2. Management Staff

Lending Rate

"Available during office hours"

Contact Us



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)

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