Special Loan Rebate

Special Loan Rebate

The Royal Insurance Corporation of Bhutan Limited (RICBL) is happy to announce a special rebate to our loan clients whose loans are in Non-performing (NPL) and are not able to meet their loan repayment obligations to RICBL.

The offer is:

Option 1: 50% rebate on interest accrued and late fee on full settlement. (Full cash payment) Option 2: 25 % rebate on interest accrued and late fee. (Half cash payment of the loan outstanding) Option 3: 15% rebate on interest accrued and late fee for loan transfers to new borrowers.                                                                                                            Option 4: RICBL will accept voluntary foreclosure as out of court settlement.

Conditions applied:

1. Loan transfer will be within the credit norms.                                                             3. Interest income includes FEIF and IPS.                                                                      4. Option 2: Any repayment will be adjusted in the order of late fee, interest accrued, and the principal outstanding

For details, we request our loan clients to contact our nearest branch or the Remedial unit, corporate office (# 321161/323487-Ext.363). The offer comes into immediate effect.                                         

Management