Loans

Member Loan

Move forward with your finances with NPPF's Member Loan.

Purpose/Objectives: The loan aims at helping members to settle and establish themselves at the start of member’s career.

Eligibility: All active contributing members

Security: Guaranteed by  NPPF member

Loan amount: The maximum loan amount is Nu. 500,000/-.

Interest Rate: 8.5% p.a.

Tenure: 5 years

Repayment: Must be met from the monthly salary of the applicant.

For Forms (Click Here)

Education Loan

Make your way to a brighter future with NPPF's Education Loan.

Purpose/Objectives: The Loan aims at financing member’s self-education as well as education of their children and spouse.

Eligibility: Current members who have contributed for at least 1 year to the NPPF and has/have child/children.

Security: Secured by fixed assets located in urban, sub-urban and extended town areas.
Loan Amount:  The maximum loan amount is Nu. 1,500,000/-

Eligibility For studies within Bhutan, the maximum loan amount is Nu. 500,000/- per child (limited to 3 children). For studies abroad, the maximum loan amount is Nu. 1,500,000/- per child (limited to 3 children).

Interest Rates

• 9.5%, Upto 5 years
• 9.7%, Above 5 years upto 10 years
• 10%, Above 10 years upto 15 years (maximun tenure)

Repayment: The repayment must be met from the Salary of the applicant.

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Student Loan

Purpose/Objectives: The loan aims at providing financial support to students to pursue higher education.

Eligibility: Loan can be availed by Bhutanese citizens who have completed at least class 12 and wish to pursue higher education including vocational training.

Security:

• Guaranteed by a current NPPF member
  • Secured by fixed assets located in urban, sub-urban and extended town areas
  • Fixed asset is not required if the guarantors PF balance is equivalent to loan amount provided and the guarantor does not have any other loan with NPPF

Loan Amount: The maximum loan amount is Nu. 1,500,000/- (subject to LTV and LTI). The actual loan amount is determined  based on the fee structure, mortgage value and repayment capacity of both student and the guarantor.

Interest Rate: 8% p.a. during study period and 9% p.a. thereafter.

Tenure: 15 years

Repayment: Immediately after the disbursement and must be met from the guarantor's monthly salary

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Commercial Housing Loan

CHL shall be provided for the purpose of construction/repair/purchase of house/building/apartment strictly for the purpose of generating income, either from business activity, resale of property or rental or lease income.

Purpose/Objectives: The Loan aims at financing to best meet your individual investment needs in construction & repairs of house/building and purchase of flats strictly for the purpose for generating profit.

Eligibility: should be a current NPPF member

Security: Land and buildings to be constructed.

Loan Amount:

Interest Rate: 10.5% p.a.

Tenure: 30 years.

Repayment: The repayment of the loan must be meet from the projected rental income of the building to be constructed

For Forms (Click Here)