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.
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.
Bajaj Finserv Hotel and Restaurant Business Loan is collateral-free, which means that you don’t have to pledge any assets to get funding.
With a simple 1-step verification, you can check your pre-approved offer and get access to instant funding.
You can access your loan account anytime, anywhere by logging into our customer portal – Experia.
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.
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.
The steps to apply for this loan are simple, easy to execute, and take just a few minutes. They are as follows:
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