Shivalik Bank offers easy loans to professionals (doctors, CAs, Engineers etc.) for setting up their clinic, nursing home, laboratory or office at very attractive terms.
Purpose of Finance:
1. Construction of clinic, nursing home, office building. This loan is also available for renovation, expansion, repairs of the above.
2. Purchase of diagnostic and other professional equipments (e.g. X-ray machine, CT-Scan, ultra-sound, laboratory equipment)
3. Office set up.
Amount of Loan : 75% of cost of construction/purchase price.
Rate of Interest : Please visit our Interest Rates page.
Margin : 25% of the total project cost.
Processing Fee: 0.75% of the loan amount.
Share Capital : 2.5% of the loan amount
Other Charges : at actuals
Insurance : Yes, insurance of building / equipment / furniture and fixtures required.
Period of Finance : Up to 120 months
Equitable mortgage of the building being constructed/purchased - in case loan is for building. In other cases, hypothecation of the machinery/equipment
Collateral: Will be decided by the bank from case to case basis as per loan amount or repaying capacity of the the applicant.