Loan against Hotel Property
Hotel & Restaurant Business Loans can be availed for :
- Fresh term loan or Overdraft or Line of Credit :
- Expansion of existing Hotel, Restaurants, Resorts business
- Repay unsecured loans from various private institutions or Directors or Relatives
- Purchase or takeover of other Hotels, Restaurants business
- Working capital finance to take care of day to day operations of business
What is Loan against Hotel Property?
We arrange following loans for Hotel & Restaurant business:
- Mortgage loan against hotel & restaurant property up to Rs. 25 crores.
- Loan against rental income from leased hotel property (also called Lease rental discounting loan) up to Rs. 50 crores and against the mortgage of hotel property.
- Loan against restaurant rental income & mortgage of restaurant property.
- Loan for purchase of ready made hotel & restaurant property upto Rs. 25 crores
Documents required
- 3 Years Audited Financials with IT Return, Computation & Detailed Audit Report
- Last 12 months bank Statements
- Existing Loan Sanctions letters & Loan Statements
- MOA / AOA / Partnership Deed / Proprietory registration
- KYC of Firm & Directors / Partners / Proprietors
- Property Documents