Hotel and Restaurant Financing - Loan for Hotel and Restaurant Business

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