Finance to Hoteliers
Schme For Financing To Hoteliers For The Repair / Renovation / Up - Keeping Of Hotels / Lodges / Restaurants
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
- 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 :
||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
||Rs. Five Lacs.
Rate Of Interest :
Base rate + 2% p.a.
||25 % of the cost of the asset created .
Prime Security :
||Securitization of receipts of Hotel/ Restaurant as the case may be.
| Term loan
||Hypothecation of Asset created.
Application for Financial Accommodations