Hotel and Restaurant Financing - Loan for Hotel and Restaurant Business | Bajaj Finserv
Hotel and restaurant business loan

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Loan for Hotels and Restaurants

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Loan for Hotels and Restaurants

As a business owner, setting up a new hotel or restaurant chain or maintaining your existing one usually requires a large amount of funds. The Bajaj Finserv Loan for Hotels and Restaurants helps you to address this need easily and in an expedited manner.

With easily accessible financing, you can stock up on raw materials, pay for property licenses and permits, buy equipment, hire personnel, renovate, set up marketing, and more. With the ample loan amount of up to Rs.45 lakh and an attractive interest rate, this financial solution can be used to meet any business-related expense.

  • Loan for Hotels and Restaurants: Features and Benefits

  • Flexi loan benefits

    Bajaj Finserv extends the Flexi loan facility, which lets you withdraw multiple times from the sanctioned limit and pay interest only on the amount utilised.

  • No collateral needed

    Bajaj Finserv Hotel and Restaurant Business Loan is collateral-free, which means that you don’t have to pledge any assets to get funding.

  • Pre-approved loan deal

    With a simple 1-step verification, you can check your pre-approved offer and get access to instant funding.

  • Online loan management

    You can access your loan account anytime, anywhere by logging into our customer portal – Experia.

  • Loan for Hotels and Restaurants: Eligibility Criteria and Documents Needed

    Loans for hotels and restaurants come with simple loan eligibility criteria which you can qualify easily without hassles. To make the process simpler, you only need to submit a few documents when applying.

    Eligibility criteria:
    Age: Age: Between 24 to 70 years*
    (*Age should be 70 years at loan maturity.)
    CIBIL Score: 685 or higher
    Work status: Self-employed
    Nationality: Indian
    Business vintage: Minimum 3 years
    Documents required**:
    • KYC documents
    • Business proof: Certificate of business ownership
    • ITR filed for the last 1 year
    • Profit and loss statements and balance sheets of the previous 2 years

  • Loan for Hotels and Restaurants: Fees and Charges

    When you opt for our loan for hotels and restaurants, you enjoy the benefit of low interest rates and nominal fees and charges. This helps keep the loan affordable all through the tenor.

    Types of fees Charge applicable
    Rate of interest 17% p.a. and onwards
    Processing fees Up to 2% of the loan amount (plus taxes)
    Bounce charges Up to Rs.3,000 (Inclusive of taxes)
    Penal interest 2% per month
    Document processing charges Rs.2,000 (plus taxes)
    Outstation collection charges Not applicable
    Document/statement charges Download loan documents at no additional cost by logging into the customer portal – Experia.

    You can also get a physical copy of your documents from any of our branches at a charge of Rs.50/- (inclusive of taxes) per statement/letter/certificate.

  • Loan for Hotels and Restaurants: How to Apply

    The steps to apply for this loan are simple, easy to execute, and take just a few minutes. They are as follows:

    Step: 1 Click on ‘APPLY NOW’
    Step: 2 Enter your personal and financial information accurately
    Step: 3 Select the loan amount you need and proceed with the application

    Once submitted, our representative will contact you to offer further assistance.

    *Conditions Apply
    **Document list is indicative

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