HPSTCB Hotel / Motel Loan Scheme Loan Scheme to cover the credit requirement of customer’s for construction/running of Hotel / Motel / Resorts/ Restaurants/Home Stay or any other related scheme approved by Govt. of H.P./India.
HPSTCB Hotel / Motel Loan Scheme EMI Calculator Loan Amount 1L 5Cr Tenure (months) 12 360 Interest Rate 6% 18% Equated Monthly Installment (EMI) will be 8606
HPSCB Loan : Features Loan Scheme to cover the credit requirement of customer’s for construction/running of Hotel / Motel / Resorts/ Restaurants/Home Stay or any other related scheme approved by Govt. of H.P./India. Maximum limit of Rs. 60 Lakhs. Lowest Interest Rates. Low Processing Fee. No Hidden Charges. No Pre Payment Penalty. Repayment up to 10 years including moratorium period of 1 year for new projects. Security: Primary Security: Mortgage of land on which the project is built along with the fixed and current assets raised on it. Collateral Security: Land (preferably non agriculture land) and building/movable assets valuing at least minimum 20% to amount of the loan/limit sanctioned. Guarantor: One guarantor of adequate worth in case of loan to individual/partnership firms & personal guarantee of the BoD/Trustees/members of Managing Committee of the society. Margin- 30% (20% for Coop. Societies). 25% in case of already running hotel.
HPSCB Loan : Eligibility ndividual/partnership firms /Company/Trust/Society/any legally constituted body Individuals: Minimum 18 years to 65 years, having good credit worthiness/rating and shall not be a defaulters of any other financial institution. Applicants other than Individuals: The registration of the entity should be at least 6 months old
HPSCB Loan : Documents Application cum appraisal form. Certificate of incorporation Resolution of the Society/Company/Firm etc. Revenue papers, Non Encumbrance & Legal opinion cum Search Report Letter of approval from Tourism Department, Govt. of H.P. Detailed Project Report (DPR) & Cost estimation. Approval / NOC of the M.C. / Nagar Panchayat / Department of Forest /Environment & Pollution Control Board, PWD, Electricity Board, IPH etc. Audited / Projected Financial Statements Any other documents deemed fit by sanctioning authority
