Commercial Building Loan

Make construction less stressful by availing a loan on liberal terms and attractive interest rates. At Shivalik Bank, we provide loans for construction or purchase of buildings at utmost ease and a simple documentation procedure.

Eligibility

  • Individual/ H.U.F., Proprietorship/Partnership firm/Company/LLP

Tenure

  • Maximum 15 years
  • Amount of loan can be up to 70% distress sale value of the property/ as per the requirement

Documents required

  • ID and Address Proof
  • PAN Card
  • Quotation/Purchase
  • Agreement/Construction Estimate
  • Security for Loan
  • Existing Track Record
  • Balance sheet and other supporting financials
  • Proof of Income/Self-assessment from borrower
  • Valuation Report
  • Non-encumbrance and Title Report
  • Area should be approved by a competent authority
  • Copy of property insurance with Banker’s clause

*Share Capital for regular members will be Rs. 100/- (upto Rs. 10.00 lac) and Rs. 500/- (above Rs. 10.00 Lac to Rs. 50.00 Lac).
*All loans are applicable to actual bank charges which include valuation, legal and all actual bank charges

To know more visit your nearest branch.