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  • Bank has opened its 129th Branch at Moradabad Road, Kashipur and 130th branch at Kanth Road, Moradabad. new

  • Notice- Extension of last date for submission of Applications for Recruitment of Specialist Officers(Notification dated October 15, 2016)new

  • Waiver of Processing, Documentation & Other charges applicable on Housing Loan "Apna Ashiana" and Vehicle Loan "Suhana Safar" upto

  • MOU signed between Nainital Bank & India First Life Insurancenew

  • Bank has opened its specialized Loan Processing Centre "Naini Loan Point" at Lucknow, New Delhi, Dehradun and

  • Application for converting existing saving account to PMJDY( Basic Saving Bank Deposit ) Account. – Click here for download

  • Bank conferred with Excellence Award for excellent performance under Pradhan Mantri Jan Dhan Yojna(PMJDY).

  • Notice for the customers regarding CTS-2010 Standard Cheque Forms. Click here…

130 Branches - 100% CBS/RTGS/NEFT Enabled
Home > Business Banking > Finance to Hoteliers
Finance to Hoteliers
Schme For Financing To Hoteliers For The Repair / Renovation / Up - Keeping Of Hotels / Lodges / Restaurants

Eligibility :

The owners of the good Hotels/Guest Houses/Restaurants operating under valid license, and enjoying good reputation in the hotel industry shall be eligible to avail this facility

Purpose :
  • To meet the maintenance/up-keeping of the Hotel/ Lodge/restaurant and working capital.
  • For repair /renovation/purchasing of any asset related to their business.
Nature Of Facility :
  • Overdraft limit
  • Term loan
Amount Of Facility :

Over Draft : In case of Hotel/Lodges-50% of gross total income/receipts subject to maximum limit Rs.10.00 lac.
Incase of Restaurant activities 50% of gross total income/receipts subject to maximum limit Rs.5.00lac
Term Loan : Rs. Five Lacs.

Rate Of Interest :

Base rate + 2% p.a.

Margin :

Over Draft : Nil
Term Loan : 25 % of the cost of the asset created .

Prime Security :

Overdraft : Securitization of receipts of Hotel/ Restaurant as the case may be.
Term loan : Hypothecation of Asset created.

Application for Financial Accommodations