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.100 crore |
25% |
Floating RBLR+0.30 to RBLR+ 1.05 |
240 months |