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135 Branches - 100% CBS/RTGS/NEFT Enable
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