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  • 19th Annual Report

     

    Bank's 19th Annual Report is available >>> Read More

  • Shivalik Bank and LIC of India join hands!

    Shivalik Bank now offers life insurance plans of LIC of India as its corporate agent. An MoU was

    >>> Read More

2-Wheeler Loan

Saliant Features of the Two-wheeler Loan :

Purpose :  For purchase of brand new two-wheeler (scooter / motor bike) for personal / family use.

Term of Loan : Min. 1 year, max. 3 years.

Rate of Interest: 16% fixed., on reducing balance.

Processing Fee: 0.5%, Min. 1,500/-

Eligibility :  Businessman, professionals, self-employed, salaried persons and also HUF.

Age :  Min. 21 years,  regular source of income

Security : Hypothecation of vehicle being purchased.  3rd party guarantee by a person acceptable to the bank.

Maximum Finance :  Depends on purchase price of the vehicle / net income of the borrower.  Max. 85% of the ex-showroom price. 

Pre-payment Charge : None.

Requirements:

  1. Declaration of Income, Assets & Liabilities. 
  2. KYC documentation if the borrower is not an account holder of Shivalik Bank already. (Photo ID, Address proof, pp size recent coloured photographs, PAN Card.)
  3. Quotation obtained from the car dealer.
  4. Valid Driving License