Scheme to cater to the needs of all Business units associated with Hospitality industry including Hotels, Restaurants, Cafes, Resorts, etc. along with self-employed and professional individuals having Udhyam Registration Certificate.
Facility : Working Capital / Term Loan / Non- Fund Based.
Loan Amount: Maximum Rs.100.00 Crore
Margin: 25%.
Tenor for Term Loan: Maximum 240 months including moratorium of 24 months.
Security: Immovable property in the form of Equitable / Registered Mortgage of land and building, by way of exclusive charge. Minimum Collateral security including land cost should cover 50% of the loan amount. In case of HUF and trust 100% collateral should be taken but the property should not be in the name of HUF and Trust. Immovable property (compliant under SARFAESI Act) belonging to the unit, its proprietor/partners/ directors or their close relatives. Close relatives will cover Father, Mother, Spouse, Son, Daughter, real Brother & real Sister.
Guarantee Cover: CGTMSE guarantee coverage for loan upto Rs.2.00 crore.