Your Partner for Growth and Security

Royal Insurance Corporation of Bhutan Limited (RICB) is pleased to announce the revised lending rates based on the MLR as follows:-

Loan PortfolioCurrent Interest       Rate (%)     New Interest        Rate (% )
Industrial Loan        13.75%        12.00%
Personal Loan        14.00%        13.00%
Housing Loan        13.50%        12.00%
Business Loan        14.00%        12.50%
Card Loan         14.50%        13.50%
CRCS Loan        14.00%        13.00%
Loan against Shares        13.50%        12.50%
Transport Loan        13.50%        12.50%
Personal Car Loan        13.75%        13.00%
EDP Loan        12.00%        12.00%
PPF Loan        13.00%        12.00%

RICB introduced the floating interest rate on 1st June 2015, and again with the adoption of Minimum Lending Rate, RICB is further revising the lending rate for the 2nd time with effect from 1st October 2016. These rates are subject to revision on half yearly basis depending on the MLR as advised by the Royal Monetary Authority of Bhutan (RMA).