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
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