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.
