|QUANTAM OF FINANCE
|RATE OF INTEREST
The scheme has been designed to cater the need of Hospitality industry including Hotels, Restaurants, Cafes, etc to support the Tourism industries in the country.
Term loan for build-up of fixed assets needed for business purpose, capacity expansion, modernization and short term working capital for current assets.
All Business Units who want to avail loan facility for services activities associated with Hospitality industry including Hotels, Restaurants, Cafes, etc along with self-employed and professional individuals covered by MSMED Act 2006, modified from time to time.
Resort cum Hotel as well as Hotels to be built on leased land / premises (where mortgage of lease land is permitted in favor of the Bank) from Government Agencies / IRCTC/Tourism Development Corporation of state or Central Government, etc.
Under Sole Banking arrangement only.
URC is Mandatory.
|TL / OD / CC
Min – Rs.10 lakh
Max- Rs.50 crore
Floating RBLR+0.30 to RBLR+ 1.05