Loan For Hoteliers
This one of a kind loan has been tailor made for the owners of hotels, guest houses, restaurants to fulfill their operational and capital business needs.
Purpose
- Working capital needs to meet the maintenance /up keeping of the hotel/lodge /restaurant
- For repair /renovation /purchase of any asset related to the business
Who Can Borrow
- Owners of good Hotels /Guest Houses /Restaurants operating under valid license
Loan Amount
- Term Loan : Maximum Rs. 5 lac
- Overdraft : Maximum Rs. 10 lac
Security
- Up to Rs. 5.00 lacs – NIL
- Above Rs. 5.00 lacs- Mortgage of property or any other security as per discretion of the bank
Guarantors
- Two guarantors acceptable to bank
Processing Fees
- 0.5 % of loan amount + GST
Share Holding
- 1.5% of loan amount
Documents Required
- Photograph , PAN and KYC documents of borrower and guarantor
- Income Proof (a) In case of salaried persons, salary slip for last three months, bank statement for last six months, ITR for three years and a certificate from the employer that no disciplinary action is pending against the employee. (b) In case of businessman, Balance Sheet of last three years, ITR of last three years, Bank statement of business a/c for last six months.
- Partnership deed and registration certificate in case of partnership firms, Certificate of incorporation, date of commencement of business and memorandum and article of association in case of companies where applicable
- Relevant documents related to the property being mortgaged like Title Deed, mutation copy, sanctioned map etc as applicable)