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Loans

CAR LOAN – NEW VEHICLE
HOUSING LOAN
PER LOAN

CAR LOAN – NEW VEHICLE

Features Details
Minimum Net Annual Income BWP 72,000
Minimum Loan amount BWP 100,000
Maximum Loan amount BWP 600 000
Margin/ Deposit 25% of On Road Cost of Vehicle
Security Hypothecation of Car
Processing Fee (Upfront) 1% of loan amount plus Vat
Repayment Period Up to 84 months
EMI / NMI RatioDebt Service Ratio Maximum of 40%
Pre-payment penalty 2% of outstanding, if notice of 45 days is not given by the borrower
Other Terms & Conditions Motor Vehicles shall be registered in the name of applicant with Bank’s financial interest noted.Mandatory Motor Vehicle Insurance with Bank’s interest noted in the policy

Satisfactory credit report from Trans-union or any other CICs.

 

 

HOUSING LOANS

Features Details
Purpose For construction of new house, purchase of ready built house, and for repair and renovation. Takeover from other banks also available.
Minimum Net Annual Income BWP 100,000
Loan amount (LTV) BWP 500,000 and above, Maximum of 75% on the Market Value as per valuation.
Margin/ Deposit 25% of cost including transfer duty.

20% in case of ready built house.

EMI / NMI Ratio

Debt Service Ratio

Maximum of 60%
Overall Eligibility Lowest as per the eligibility conditions of EMI/NMI ratio, Margin and LTV ratio.
Security Mortgage of property/House.
Processing Fee (Upfront) 1% of loan amount plus Vat
Repayment Period Maximum of 300 months (25 years) or up to age of 60 years or residual service, whichever is lesser.
Pre-payment penalty 2% of outstanding, if notice of 45 days is not given by the borrower
Other Terms & Conditions Satisfactory credit report from Trans-union or CRB.

 

PER LOAN

Features Details
Minimum Net Annual Income BWP 12,000
Minimum Loan amount BWP 25,000
Maximum Loan amount BWP 300 000
Security Individual Surety of Guarantor
Processing Fee (Upfront) 1% of loan amount plus Vat
Repayment Period Up to 60 months
Repayment Process Upon sanction of Loan, Bank will advise the company to deduct repayment and remit it to the Bank on an agreed date until the end of the loan
EMI / NMI Ratio

Debt Service Ratio

Maximum of 50%
Pre-payment penalty 2% of outstanding, if notice of 45 days is not given by the borrower
Other Terms & Conditions Satisfactory credit report from Trans-union or any other CICs.