Hotal Mortgage Loan

Hotal Mortgage Loan

  • What is hotel Mortgage Loan ?
  • As a business owner, setting up a new hotel or restaurant chain, or maintaining your existing one, can call for considerable investment. Bank helps you to stock up raw material and pay for property, license and permits, equipment, personnel, furniture, renovation, marketing, etc.

  • Features and Benefits
  • 1. Large financing made affordable: - With loans up to Rs. 30 lakh available at a low interest rate, financing a hotel or restaurant is now affordable and hassle-free.

    2. Flexibility:- A Flexi Loan facility enables you to withdraw funds as you need and repay them as per your business’ financials. Pay interest only on what you use and lower your EMIs by up to 45%.

    3. Collateral-free loans: -Approved in under 24 hours with just 2 documents needed for application, these loans are not just easy to avail but also unsecured so that you don’t have to pledge any personal or business asset to get funds.

  • List of Document Required to be Submitted for an Hotel Mortgage Loan:
    • A duly-filled loan application form
    • Three passport size photographs of the applicant
    • A government issued photo identity proof (Voter ID, passport, driving license, etc.)
    • Proof of residence (telephone bills or electricity bills would suffice)
    • For non-salaried applicants, proof of business is required
    • Bank statement for the past six months
    • Statement of personal liabilities
    • Personal assets statement
    • Signature identification from the present banking institution
    • Documents required for the guarantor
    • Statement for personal assets and liabilities
    • Two passport size photographs
    • Identity proof (Voter ID, passport, driving license, etc.)
    • Proof of the current and permanent residence
    • Address of the firm, in case the guarantor is self employed
    • Signature identification from the present banking institution