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Tourism & Hospitality Loan

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Chances of Loan Approval
9.00% 1% 1500 120
9.25% 1% 1000 120
9.50% 1% 1500 120
9.60% 1% 1500 120
9.20% 1% 1500 120
9.25% 1% 1000 120
9.35% 1% 1500 120
9.75% 1% 1500 120
9.50% 1% 1500 120
9.25% 1% 1000 120
9.35% 1% 1000 120
9.60% 1% 1000 120
9.00% 1% 1500 120
9.58% 1% 1500 120
9.50% 1% 1500 120
9.60% 1% 1000 120
9.60% 1% 1500 120
9.60% 1 1500 120
9.00% 1% 1000 120
9.00% 1% 1000 120
9.25% 1% 1500 120
9.60% 1% 1500 120
9.25% 1% 1500 120
9.25% 1% 1500 120
9.00% 1% 1500 120
9.25% 1% 1000 120
9.25% 1% 1000 120
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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Eligibility Criteria

What you mean by Tourism & Hospitality Eligibility Criteria?

This facility is dedicatedly designed for hospitality sector involved in hotel, motel, hostel, food & breakfast. Even, it helps to expand the business growth through providing loan & it work as a working capital of business.

Tourism & Hospitality Eligibility Criteria

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

  • • Applicant should be in-between 21 –60 years
  • • Minimum 3 years of business continuity
  • • Must have good credit history
  • • Applicant must be resident of India

Note: - This facility covers 75% of project cost as a maximum loan amount.

What are the factors generally affecting Tourism & Hospitality Eligibility Criteria?

There are Top factors that generally affects Tourism & Hospitality 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 Tourism & Hospitality eligibility?

To increase Tourism & Hospitality' 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. PAN CARD CLEAR COPY PROPRIETOR

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

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

  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY

  5. LAST 1 YEAR GST RETURN COPY

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

  7. PROVISIONAL FINANCIAL AY 2019-20

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

  9. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)

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

  11. AGREEMENT TO SELL COPY

  12. PROPERTY PAPERS WITH CHAIN SANCTION MAP

  13. PROJECTED FINANCIAL

  14. PROJECT FEASIBILITY REPORT

  15. COMPANY PROFILE & MANAGEMENT PROFILE

  16. ISO CERTIFICATE & MSME CERTIFICATE

  17. POLLUTION CERTIFICATE

  18. CMA DATA

  19. MACHINE QUOTATION

  20. BUILDING CONSTRUCTION ESTIMATE

PARTNERSHIP FIRM
  1. PHOTOGRAPH 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. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION

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

  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH

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

  14. AGREEMENT TO SELL COPY

  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP

  16. PROJECTED FINANCIAL

  17. PROJECT FEASIBILITY REPORT

  18. COMPANY PROFILE & MANAGEMENT PROFILE

  19. ISO CERTIFICATE & MSME CERTIFICATE

  20. POLLUTION CETIFICATE

  21. CMA DATA

  22. MACHINE QUOTATION

  23. BUILDING ONSTRUCTION ESTIMATE

PVT.LTD
  1. ALL DIRECTORS 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 Tourism Finance?

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Loan for tourism sector is a unique product provided to people who love traveling and staying outside places due to business or other purposes.

Can I get a loan for travel and tourisms?

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Yes, most of the Government Bank provide Tourism Loan.

Is there any processing charges applicable in Tourism Finance?

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When you take Tourism Finance so you don’t need to pay any processing charges & prepayment charges.

How much Tourism Loan can I get?

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You can get a Tourisms Loan up to Rs 10 lakh.

Who is eligible for Tourism Finance?

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Any sole proprietor, a partnership firm involve in Travel and Tourism Finance.

What is the purpose of Tourism Finance?

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The purpose of Tourism Finance is to cover up all travelling, accommodation, food & other expenses under one fund.

When I have to repay my Tourism Finance?

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You can repay your Tourism Finance within 1 year to 5 years.

What are the documents required for Tourism Finance?

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 The necessary documents generally required are: -

  • Business Registration documents
  • Two years ITR for turnover over Rs.10Lakhs 
  • Bank statement
  • PAN and Aadhaar as an identity proof

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