Tourism & Hospitality Loan @9.00% Onwards

• Get upto 10 lacs on your tourism
• Govt beneficial scheme are available
• Hassle free processing
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Eligibility Criteria


What you mean by Tourism & Hospitality Eligibility Criteria?

This facility is dedicatedly designed for hospitality sector involved in hotel, motel, hostel, food & breakfast. Even, it helps to expand the business growth through providing loan & it work as a working capital of business.

Tourism & Hospitality Eligibility Criteria

There are few eligibility criteria you are required to have a look before applying for loan

  • • Applicant should be in-between 21 –60 years
  • • Minimum 3 years of business continuity
  • • Must have good credit history
  • • Applicant must be resident of India

Note: – This facility covers 75% of project cost as a maximum loan amount.

What are the factors generally affecting Tourism & Hospitality Eligibility Criteria?

There are Top factors that generally affects Tourism & Hospitality Eligibility Criteria as given below-

Unstable business: – Business is all about up & downs, but when the idea of availing loan emerge, Lender will check your business stability to determines repayment capacity & due to lack of stability in business recent loss may led to badly hit your eligibility.

Low credit rating: – A high Credit rating helps you to get benefits of negotiating interest & easy approval of loan & credit, wherein a low rating makes it hard to get a loan as repayment level seems high risky.

What are the ways to increase Tourism & Hospitality eligibility?

To increase Tourism & Hospitality’ eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Well business plan: – Usually for any project funding a well thought business plan requires to estimate the funding prospect, used equipment & technology, finally a revenue generation plan. Strong business plan will definitely going to boost your eligibility.

Maintain good credit: – Pay your loan EMI, bills on regular basis to avoid any kind of score affect in credit. If you are looking to close old credit cards, avoid doing that, as it can help you increasing credit limit as well as loan eligibility.

Documents Required


 

  1. PAN CARD COPY
  2. AADHAR CARD + PASSPORT
  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  5. LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  9. PROJECTED FINANCIAL
  10. PROJECT FEASIBILITY REPORT
  11. COMPANY PROFILE & MANAGEMENT PROFILE
  12. ISO CERTIFICATE & MSME CERTIFICATE
  13. POLLUTION CERTIFICATE
  14. CMA DATA
  15. MACHINE QUOTATION
  16. BUILDING CONSTRUCTION ESTIMATE
  17. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PAN CARD CLEAR COPY PROPRIETOR
  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  3. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  5. LAST 1 YEAR GST RETURN COPY
  6. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  7. PROVISIONAL FINANCIAL AY 2019-20
  8. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  9. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  10. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  11. AGREEMENT TO SELL COPY
  12. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  13. PROJECTED FINANCIAL
  14. PROJECT FEASIBILITY REPORT
  15. COMPANY PROFILE & MANAGEMENT PROFILE
  16. ISO CERTIFICATE & MSME CERTIFICATE
  17. POLLUTION CERTIFICATE
  18. CMA DATA
  19. MACHINE QUOTATION
  20. BUILDING CONSTRUCTION ESTIMATE
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD – COMPANY, ALL PARTNERS
  3. ADDRESS PROOF – ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST RETURN LAST 1 YEARS
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  16. PROJECTED FINANCIAL
  17. PROJECT FEASIBILITY REPORT
  18. COMPANY PROFILE & MANAGEMENT PROFILE
  19. ISO CERTIFICATE & MSME CERTIFICATE
  20. POLLUTION CETIFICATE
  21. CMA DATA
  22. MACHINE QUOTATION
  23. BUILDING ONSTRUCTION ESTIMATE
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD – COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  16. PROJECTED FEASIBILITY REPORT
  17. COMPANY PROFILE & MSME CERTIFICATE
  18. POLLUTION CERTIFICATE
  19. CMA DATA
  20. MACHINE QUOTATION
  21. BUILDING CONSTRUCATION ESTIMATE

Frequently Asked Questions


 

Loan for tourism sector is a unique product provided to people who love traveling and staying outside places due to business or other purposes.

Yes, most of the Government Bank provide Tourism Loan.

When you take Tourism Finance so you don’t need to pay any processing charges & prepayment charges.

You can get a Tourisms Loan up to Rs 10 lakh.

Any sole proprietor, a partnership firm involve in Travel and Tourism Finance.

The purpose of Tourism Finance is to cover up all travelling, accommodation, food & other expenses under one fund.

You can repay your Tourism Finance within 1 year to 5 years.

 The necessary documents generally required are: –

  • Business Registration documents
  • Two years ITR for turnover over Rs.10Lakhs
  • Bank statement
  • PAN and Aadhaar as an identity proof