འབྲུག་གི་དངུལ་ཁང།

BANK OF BHUTAN

Online Card Deferment Form

Dear Sir/Madam,

In line with the recently announced Phase II Monetary Measures providing for the deferment of loan repayments for the next 12 months i.e. up to June 2021 given the continued impact of the COVID-19 pandemic, I/we wish to defer my credit card repayment(s)


PART ONE – CARDHOLDER DETAILS


1.1 If applicant is an Individual:


 
1.2 If applicant is a Business Entity:

 

PART TWO – DEFERMENT





 

PART THREE – APPLICANTS WISHING TO CONTINUE REPAYMENT


I/We wish to continue to fully pay all of my/our credit card outstanding i.e. I/we DO NOT wish to defer any of my/our credit card outstanding repayments.

You will be eligible for the reduction in interest rate for July 2020 – June 2021, only if you fully and regularly pay minimum amount due (MAD) within this period and on due date of the bill. The interest rate reduction will be calculated on the outstanding balance during the deferment period and adjusted into your credit card account at the end of the deferment period.

For those credit card outstanding that are fully repaid (liquidated outstanding) during the deferment period, the interest differential will be refunded within three months after card is cancelled or end of deferment period, only if their repayment consist of are partial repayments.

Please note that if your credit card(s) outstanding is/are covered under the Druk Gyalpo’s Relief Kidu Interest Payment Support, you need to pay only the principal portion of your outstanding for July-September 2020; and the outstanding balance and 50% of the interest portion for October 2020 – March 2021.


 

PART FOUR – APPLICANTS WISHING TO DEFER CREDIT CARD REPAYMENTS





Credit card that expires during the deferment period are eligible to renew the card and continue using the available balance on the card however fees for renewing would be levied to the cardholder.




4.2.2. If Yes, please provide details:




4.2.3 Please list your income sources and indicate whether it has been affected by COVID-19.








4.2.4 I/We understand and undertake that:

  1. The repayment duration of my credit card outstanding will be extended by the period of deferment or beyond.
  2. The deferment of the credit card repayment will result in additional interest cost over the course of credit card facility; and
  3. If not eligible for interest waiver, interest will continue to accrue to my credit card account during the period of deferment and this could result in increase in the total outstanding balance during each billing cycle.
  4. I will provide additional documentations to the FSPs, as required to support my deferment eligibility.
  5. If I opt not to defer my credit card repayment, I will not be eligible for rebate if the repayments are not regular during the deferment period and as per the conditions stated above in Part Three.

I hereby declare that the details furnished herein are true and correct to the best of my knowledge and ability. In case any of the above information is found to be false or untrue or misleading or misrepresenting or concealed, I am aware that I will be held liable for it as per the relevant by-laws and laws.

I offer my consent to the concerned FSPs to validate and verify the information provided in this form.