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Hotel Funding

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Chances of Loan Approval
9.00% 1% 1500 120
9.75% 1% 1000 120
9.75% 1% 1500 120
9.85% 1% 1000 120
10.00% 1% 1500 120
9.95% 1% 1500 120
10.10% 1% 1500 120
9.95% 1% 1500 120
9.95% 1% 1500 120
9.50% 1% 1500 120
9.60% 1% 1000 120
9.75% 1% 1500 120
9.00% 1% 1500 120
9.25% 2% 1500 120
9.10% 1% 1500 120
9.25% 1% 1000 120
9.25% 1% 1500 120
9.00% 1% 1500 120
9.50% 1% 1500 120
9.32% 1.% 1500 120
9.00% 1% 1500 120
9.00% 1% 1000 120
9.00% 1% 1500 120
9.25% 1% 1000 120
9.95% 1% 24 120
9.25% 1% 1500 120
9.90% 1% 1000 120
9.95% 1% 1500 120
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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Eligibility Criteria

What you mean by Hotel Funding Eligibility Criteria?

Whether it's a new hotel construction or expanding existing hotel infrastructure both require huge amount. Hotel funding is one such ideal way to fulfill your requirements, easy to apply, quick processing, minimal documents & lowest interest rates make it most preferable.

Hotel Funding Eligibility Criteria

There are few eligibility criteria you are required to have a look before applying for loan -

  • • Applicant should be in-between 25 –65 years
  • • Minimum 3 year of business continuity
  • • Minimum Latest 1 of ITR filed
  • • Corporations, Agro-Industrial corporations
  • • Must have good credit history
  • • Applicant must be resident of India

Note: - You can get 75% of project cost as a maximum loan amount.

What are the factors generally affecting Hotel Funding Eligibility Criteria?

There are Top factors that generally affects Hotel Funding Eligibility Criteria as given below-

Unstable business: - Business is all about up & downs, but when the idea of availing loan emerge, Lender will check your business stability to determines repayment capacity & due to lack of stability in business recent loss may led to badly hit your eligibility.

Low credit rating: - A high Credit rating helps you to get benefits of negotiating interest & easy approval of loan & credit, wherein a low rating makes it hard to get a loan as repayment level seems high risky.

What are the ways to increase Hotel Funding eligibility?

To increase Hotel Funding eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Well business plan: - Usually for any project funding a well thought business plan requires to estimate the funding prospect, used equipment & technology, finally a revenue generation plan. Strong business plan will definitely going to boost your eligibility.

Maintain good credit: - Pay your loan EMI, bills on regular basis to avoid any kind of score affect in credit. If you are looking to close old credit cards, avoid doing that, as it can help you increasing credit limit as well as loan eligibility.

Documents Required

INDIVIDUAL

  1. PAN CARD COPY

  2. AADHAR CARD + PASSPORT

  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF

  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE

  5. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT

  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)

  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS

  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK

  9. PROJECTED FINANCIAL

  10. PROJECT FEASIBILITY REPORT

  11. COMPANY PROFILE & MANAGEMENT PROFILE

  12. ISO CERTIFICATE & MSME CERTIFICATE

  13. POLLUTION CERTIFICATE

  14. CMA DATA

  15. MACHINE QUOTATION

  16. BUILDING CONSTRUCTION ESTIMATE

  17. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PROP FIRM

  1. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR

  2. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)

  3. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY

  4. LAST 1 YEAR GST RETURN COPY

  5. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE

  6. PROVISIONAL FINANCIAL AY 2019-20

  7. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)

  8. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)

  9. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED

  10. AGREEMENT TO SELL COPY

  11. PROPERTY PAPERS WITH CHAIN SANCTION MAP

  12. PROJECTED FINANCIAL

  13. PROJECT FEASIBILITY REPORT

  14. COMPANY PROFILE & MANAGEMENT PROFILE

  15. ISO CERTIFICATE & MSME CERTIFICATE

  16. POLLUTION CERTIFICATE

  17. CMA DATA

  18. MACHINE QUOTATION

  19. BUILDING CONSTRUCTION ESTIMATE

PARTNERSHIP FIRM

  1. PARTNERS

  2. PAN CARD - COMPANY, ALL PARTNERS

  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)

  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL

  5. PARTNERSHIP DEED COPY

  6. GST CERTIFICATE

  7. GST RETURN LAST 1 YEARS

  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED

  9. PROVISIONAL FINANCIAL AY 2019-20

  10. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED

  11. ALL PARTNER SAVING A/C STATEMENT 6 MONTH

  12. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED

  13. AGREEMENT TO SELL COPY

  14. PROPERTY PAPERS COMPLETE CHAIN WITH MAP

  15. PROJECTED FINANCIAL

  16. PROJECT FEASIBILITY REPORT

  17. COMPANY PROFILE & MANAGEMENT PROFILE

  18. POLLUTION CETIFICATE

  19. CMA DATA

  20. MACHINE QUOTATION

  21. BUILDING ONSTRUCTION ESTIMATE

PVT.LTD

  1. PHOTOGRAPH

  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS

  3. ADDRESS PROOF – COMPANY AND DIRECTORS

  4. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE

  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)

  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE

  7. 1 YEAR GST RETURNS

  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS

  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE

  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR

  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED

  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH

  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED

  14. AGREEMENT TO SELL COPY

  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

  16. PROJECTED FEASIBILITY REPORT

  17. COMPANY PROFILE & MSME CERTIFICATE

  18. POLLUTION CERTIFICATE

  19. CMA DATA

  20. MACHINE QUOTATION

  21. BUILDING CONSTRUCATION ESTIMATE

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

What is Hotel Funding Loan?

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This Hotel Funding Loan credit facility is provided for the expansion of business, construction of a hotel and good infrastructure.

Who is eligible for Hotel Funding Loan?

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  • Applicant should be above 25 –65 years
  • Minimum 3 year of business continuity
  • Minimum Latest 1 of ITR filed
  • Must have good credit history
  • Applicant must be resident of India

How much amount I can get for Hotel Funding Loan?

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Loan amount is available from Rs. 25 lacs to Rs. 50 crores.

What are the Documents Required for Hotel funding Loan?

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Identity documents, kYC documents, Last 6 months current account bank statements, GST Registration Certificate, hotel Establishment Certificate.

What is the benefit of Hotel Funding Loan?

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  • Low Interest Rate
  •  Minimal paper work
  • Flexible tenure facility
  • Simplified document processing

When I repay my Hotel Funding Loan?

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Youb can repay your Hotel Funding Loan up to 60 months.

How to apply for a Hotel Funding Loan?

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Some simple steps you can get Hotel Funding Loan; - 

  •  Select your ideal bank 
  • Check your cibil score 
  • Apply through website or visiting a branch 
  • Fill all documentation 
  • Accept the loan and start making payments. 

What is the cibil score require for Hotel Funding Loan?

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The cibil score required for Hotel Funding Loan is 750 or above.

What is the purpose of Hotel Funding Loan?

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The purpose of getting Hotel Funding Loan is below given: - 

  • Hiring new employee
  • Constructing a new building
  • Relocating
  • Purchasing hotel equipment
  • Refinancing an existing hotel

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Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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