Hotels & Restaurants
 

 

Scheme for Financing Hotels & Restaurants

 

Scope of Scheme

 

Hotels at tourist places and restaurants providing quality food at tourist places, metropolitan and urban centres only.

 

Constitution/Eligible borrowers

 

Corporates only

Approval from Department of Tourism or star classification

 

Quantum of assistance

 

Upto Rs.50 Crores

 

Debt Equity Ratio

 

Long Term Debt Equity Ratio – Maximum 1.5:1

Total Debt Equity Ratio – Maximum 3:1

 

DSCR

 

Average DSCR 1.75 & above

 

Promoters’ contribution

 

Minimum 33.33%

 

 

Period of Loan

 

Maximum 7 years

 

Collateral Security

 

As per bank’s policy from time to time