What is Hotel Funding Loan?
This Hotel Funding Loan credit facility is provided for the expansion of business, construction of a hotel and good infrastructure.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
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
|
|
.png)
|
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
|
|
.png)
|
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
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
9.00% |
|
|
|
9.75% |
|
|
|
9.75% |
|
|
|
9.85% |
|
|
|
10.00% |
|
|
|
9.95% |
|
|
|
10.10% |
|
|
|
9.95% |
|
|
|
9.95% |
|
|
|
9.50% |
|
|
|
9.60% |
|
|
|
9.75% |
|
|
|
9.00% |
|
|
|
9.25% |
|
|
|
9.10% |
|
|
|
9.25% |
|
|
|
9.25% |
|
|
|
9.00% |
|
|
|
9.50% |
|
|
|
9.32% |
|
|
|
9.00% |
|
|
|
9.00% |
|
|
|
9.00% |
|
|
|
9.25% |
|
|
|
9.95% |
|
|
|
9.25% |
|
|
|
9.90% |
|
|
|
9.95% |
|
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.
There are few eligibility criteria you are required to have a look before applying for loan -
Note: - You can get 75% of project cost as a maximum loan amount.
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.
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.
What is Hotel Funding Loan?
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?
How much amount I can get for Hotel Funding Loan?
Loan amount is available from Rs. 25 lacs to Rs. 50 crores.
What are the Documents Required for Hotel funding Loan?
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?
When I repay my Hotel Funding Loan?
Youb can repay your Hotel Funding Loan up to 60 months.
How to apply for a Hotel Funding Loan?
Some simple steps you can get Hotel Funding Loan; -
What is the cibil score require for Hotel Funding Loan?
The cibil score required for Hotel Funding Loan is 750 or above.
What is the purpose of Hotel Funding Loan?
The purpose of getting Hotel Funding Loan is below given: -
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