Information on Royal Insurance Corporation of Bhutan (RICBL) Credit & Investment

Aggregated by the Bhutan Chamber of Commerce and Industry

RICBL Information on Credit and Investment

RICBL meets not only the insurance needs of the country but also provides finances for the overall development of the nation. The Credit & Investment department pools resources from insurance related businesses and invests through the various loan schemes.

• Housing Loan

• Transport Loan

• Business Loan

• Personal Loan

• Industrial Loan1

• Industrial Loan2

• Industrial Loan3

• RICB Card

• Preferential Financing Scheme

• Loan against Shares

• EDP Term Loans

• EDP Working Capital

• Contractors Revolving Credit cum Insurance Scheme

Housing Loan

• Construction of new houses.

o Rate of interest: 10% p.a.

o Repayment Term: 1 - 20 years

• Renovation of existing houses.

o Rate of interest: 13% p.a.

o Repayment Term: 1 - 10 years

Transport Loan

(Commercial heavy Vehicle)

• Purchase new trucks/lorry/buses

o Rate of interest: 13% p.a.

o Repayment Term: 1 - 5 years

(Commercial Light Vehicle)

• Purchase new cars

o Rate of interest: 14% p.a.

o Repayment Term: 1 - 5 years

Business Loan

• Establish new business.

• Expand existing business.

o Rate of interest: 13.75% p.a.

o Repayment Term: 1 - 10 years

Personal Loan

• Rate of interest: 15% p.a.

• Repayment Term: 1 - 5 years

Industrial Loan1 (Manufacturing & Other Industry)

• Project Financing.

• Working Capital Financing.

o Rate of Interest: 12% p.a. for term loan.

o Repayment Term: 10 years.

Industrial Loan2 (Tourism & Service Industry)

• Project Financing.

• Working Capital Financing.

o Rate of Interest: 10% p.a. for term loan.

o Repayment Term: 10 years.

Industrial Loan3 (Working Capital Loan)

• Project Financing.

• Working Capital Financing.

o Rate of Interest: 13% p.a. for term loan.

o Repayment Term: 1 year.

RICB CARD

• For convenience and safety.

o Rate of Interest: 15% p.a.

o Term: 1 year renewable thereafter.

Preferential Financing Scheme

• Financing cars for private use.

o Rate of Interest: 13% p.a.

o Term: 5 years for Indian vehicles: 7 years for vehicles imported from 3rd countries.

Loan against Shares

• Financing purchase of shares listed on the RSEB.

o Rate of Interest: 12% p.a.

o Term: 10 years.

EDP Term Loans

• EDP Term Loans

o Rate of Interest: 10% p.a.

o Term: 10 years.

EDP Working Capital

• EDP Working Capital

o Rate of Interest: 12% p.a.

o Term: 1 year.

Contractors Revolving Credit cum Insurance Scheme

• Provides the following to Contractors.

• Earnest money guarantee.

• Advance mobilisation guarantee.

• Performance guarantee.

• Defect liability guarantee.

• Revolving credit.

o Rate of Interest: 14% p.a. Term: 1 years.

Special Features:

1. Free life cum accident insurance coverage.

2. Insurance premium rebate on CPM & CAR insurance.