Notification

06/07/2021

In line with the press release issued by the Prime Minister’s office dated 30th June 2021 and the subsequent directives by the Royal Monetary Authority on the phase III monetary measures, NPPF would like to make the following announcement: 

All clients with loan outstanding as on 30th June 2020 are eligible for loan repayment deferment for another year, effective from 1st July 2021 to 30th June 2022. 
Those clients willing to continue to make the repayments to avail 1% interest rebate, can opt to make the payments regularly as follow: 

Sl. No	Disbursement date	Repayment condition for 1% rebate
1	Loan outstanding as on 10th April 2020	Principal portion of the EMI and 50% of the interest portion or Full EMI
2	Loan outstanding from 11th April 30th June 2020	Full EMI
3	Loans currently under gestation period	50% of the interest portion

For further queries, kindly contact the office toll free no 1039 or 77190118 or 77190112 during office hours 

PRESS RELEASE ON THE LOAN INTEREST PAYMENT SUPPORT KIDU

24/05/2021

The threat of COVID-19 on the health and wellbeing of our people is looming larger than ever before. Therefore, the need for enhanced vigilance and care across the country has become very important.

The economic situation is also looking increasingly grim. Therefore, the need to build greater resilience and shore up the confidence of our people has become paramount.

In order to deliver the Royal Kidu in a timely manner, the Office of the Druk Gyalpo's Relief Kidu would like to announce that holders of loan accounts eligible for interest payment support Kidu do not need to submit the online application with immediate effect.

As announced on 22 April 2021, the 50% loan interest payment support Kidu will be granted from the National Resilience Fund to all eligible loan accounts who availed loans prior to 10 April 2020.

Notification for online application to avail 50% interest.

14/05/2021

All eligible borrowers who have loan outstanding as of 10th April 2020 and continue to require the 50 percent interest Payment Support Kidu MUST APPLY ONLINE through the official website of DGRK at www.royalkidu.bt by 10th July 2021.

The applications will be open for 3-month cycles over the next fifteen months.

For further information and assistance, please scroll down and check the notification of 28/04/2021 or call at 1039/ 77190356/ 77190118/77190154/ 77190112/ 77191258/17815177/17957187/17691069/17412735

Notification

28/04/2021

In continuation to the earlier notification regarding DGRK 50% interest payment support, NPPF would like to inform that all NPPF borrowers who have loan outstanding as on 10th April 2020 are eligible for 50% interest waiver kidu for another 15 months starting April 2021 to June 2022.

However, unlike in the past, borrowers must apply for the Kidu through Royal Kidu Website (royalkidu.bt). If any of our clients requires assistance with the process, please visit our nearest office or call our toll free 1039 during office hours. Additionally, the following focal officials can be contacted on their respective numbers for assistance during office hours.

Sl no	Name	Mobile No	Email id	Branch Name
1	Rinzin Tshomo	77190356	rinzin.tshomo@nppf.org.bt	Thimphu, Head office
2	Tshering Choden	77190118	tshering.choden@nppf.org.bt	Thimphu, Head office
3	Kinzang Tenzin	77190154	kinzang.tenzin@nppf.org.bt	Thimphu, Head office
4	Rigzin Pelden	77190112	rigzin.pelden@nppf.org.bt	Thimphu, Head office
5	Namgay Norbu	77191258	namgay.norbu@nppf.org.bt	Thimphu, Head office
6	Sonam Phuntsho	17815177	sonam.phuntsho@nppf.org.bt	Gelephu - Regional Office
7	Jamyang Pem	17412735	jamyang.pem@nppf.org.bt	Mongar - Regional Office
8	Tashi Dhendup	17691069	tashi.dhendup@nppf.org.bt	Phuntsholing - Regional Office
9	Ngawang Lhendup	17957187	ngawang.lhendup@nppf.org.bt	Samdrup Jongkhar - Regional Office

 

Clarifications

05/10/2020

Interest Waiver/ Loan Deferment Eligibility

Sl. No	Disbursement date	Eligibility criteria
1	Loans availed till 10th April, 2020	-100% interest waiver from April-September, 2020 -50% interest waiver from October, 2020 till 31st March, 2021 -No interest waiver from April to June 2021 -Loan deferment from April, 2020 till 30th June, 2021
2	Loans availed from 11th April to 30th June, 2020	Only eligible for deferment up to 30th June, 2021

All the loans disbursed from 1st July,2020 onwards are not eligible for both interest waiver and deferment and are therefore requested to continue with their repayments to avoid penalty.

For any clarification please contact 77190356 or 77190118 or 77190112

Loan Deferment

05/10/2020

NPPF would like to remind our valued customers that 100% interest waiver for loans disbursed till 10th April 2020 as per the monetary measure phase II is completed on 30th September 2020. With effect from 1st October 2020 till 31st March 2021, you will be eligible only for 50% interest waiver and you are liable to pay 50% interest charged to loan.

In case, if you have opted for deferment, 50% interest will continue to accrue which shall be capitalized at the end of the deferment period. In case, if you have opted for partial payment, you must pay the principal portion along with 50% interest starting October 2020 to March 2021.

We would also like to inform that loan deferment form submission is mandatory for all the clients who have availed loans prior to 1st July 2020.The deferment form submission has been extended till 31st October 2020 and it can be also submitted online through our website www.nppf.org.bt or can be email to us at dechen.choden@nppf.org.bt/ melam.zangmo@nppf.org.bt/kuntadevi.ghalley@nppf.org.bt

For any clarification please contact 77190356 or 77190118 or 77190112

Announcement on Monetary Measure Phase II

17/07/2020

In line with His Majesty's Relief Kidu and the Press Release issued by the Prime Minister's Office, followed by RMA's directives on Monetary Measure (Phase II) on 10th July, 2020, NPPF is pleased to announce the following:

1. Interest waiver

     The interest waiver is applicable to all the loans with loan outstanding as on 10th April, 2020

     a) 100% interest waiver will be provided by the Government from 1st July till 30th September, 2020.

     b) 50% interest waiver will be provided by Government from 1st October 2020 till 31st March 2021 and other 50% of the interest has to borne by the borrower.

     c) No interest waiver from 1st April 2021 to 30th June 2021.

     d) No interest waiver for loans disbursed from 11th April to 30th June 2020 during deferment period (1st July 2020 to 30th June 2021)

2. Deferment of loan repayment:

     a) All the loans with loan outstanding as on 30th June will have an option to defer the EMI till 30th June, 2021.

     All the borrowers, irrespective of whether they wish to defer their loan repayments or not, must submit a duly filled-in form prescribed by RMA, before 30th September 2020 which will be available by clicking here. All the Civil servants and Royal Bhutan Police who wish to defer repayment are required to submit the form latest by 25th July 2020, else NPPF will consider as consent for continuing repayment with effect from July 2020.

     b) All the Corporate Agencies, RBG, RBA whose loan deductions are not linked to SI are requested to contact their respective Accounts for deferment or to continue payment.

      Please click here for Loan Defrement Form

3. Incentive for regular repayment during the deferment period

     a) NPPF shall offer 1% interest reduction to borrowers. In order to be eligible for this incentive, borrowers should make regular repayment during the deferment period as follows:

     

Sl No	Period	Repayment condition
1	1st July to 30th September, 2020	Only the principal portion of the Equated Monthly Installment (EMI) or Full EMI
2	1st October 2020 to 31st March, 2021	Principal portion of the EMI and 50% of the interest portion of the EMI or Full EMI
3	1st April 2021 to 30th June, 2021	Full EMI

 

b) The incentive of 1% rebate will be credited to the loan account at the end of deferment period 30th June, 2021 which will be directly adjusted from the principal outstanding.

For more information kindly contact following-

     1. Mrs. Melam Zangmo    77190118 or email at melam.zangmo@nppf.org.bt

     2. Kunta Devi Ghalley       77258360 or email at kuntadevi.ghalley@nppf.org.bt

     3. Toll Free No 1039