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Hotel Motel Loan

PARTICULARS DETAILS
Beneficiaries
  1. Individuals/Firms/Companies/Trusts/Parterners/Trustees/Societies etc.
  2. In case of Individuals the age of applicant should be more than 18 years and less than 60 years.
Income of the Applicant
  1. Employee:
    Gross Monthly income should be more than Rs. 20,000.
  2. Non-Employee:
    Gross Annual income should be more than Rs. 2,50,000.
Purpose For any legitimate purpose (Productive and Non-Productive.)
Security
  1. Mortgage of immovable property.
  2. Guarantor:
    Below Rs. 20 Lakh – One
    Rs. 20 Lakh & above – Two

Note: Property being offered as security is free from any encumbrances and having a clear title in favour of the borrower to be ensured.

Quantum 60% of the value of the property or stipulation of CMA Norms, whichever is least.
Repayment 84 Months (Maximum)