Key Announcements RSS

  • 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

Professional Use

Loans to Professionals / Self Employed

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.

Major Features

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.

Other Requirements

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

Primary Security

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.