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Cent Hotel

Cent Hotel

  SCHEME NAME PURPOSE ELIGIBILITY FACILITY QUANTAM OF FINANCE MARGIN RATE OF INTEREST LOAN TERM
1. CENT HOTEL

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

25%

Floating RBLR+0.30 to RBLR+ 1.05

240 months