Loans Against Warehouse

Loans Against Warehouse

    

Fill in your details to get benefits

Boost the growth of your business and thrive as you leave the financial stress with us. Now, you can use your warehouse receipts to avail a loan from Shivalik bank. Worry more about the operational and other important business decisions rather than fretting over your financial requirements.

Avail up to 60% on the basis of warehouse receipts of the pulses (Masoor, Doller chana, Desi chana and Vishal chana), Wheat mustard seeds, soya been and Oats.

Eligibility

  • Must be a farmer/trader

Tenure

  • 12 months or arrival of new crop whichever is earlier

Documents required

  • ID and Address Proof
  • Existing Track record
  • Income viability sheet
  • Balance sheet and other supporting financials
  • Valuation Report
  • Non-encumbrance and Title Report
  • Proof of Income/Self-assessment from borrower
  • Copy property insurance with banker’s clause

In case of a Proprietorship/Partnership/Company

  • Registration certificate or proof of carrying on the business in case of a proprietorship
  • Copy of partnership deed in case of partnership
  • Memorandum and articles of association in case of company
  • Certificate of registration of company in case of company

*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.