K&S Loan Mentors
K&S Loan Mentors in the business since 1998.
K&S Loan Mentors in the business since 1998.
Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers
A hotel loan is sanctioned by banks or non-banking financial institutions for providing financial support for running, expanding, or starting a hospitality business. As a result, a hotel loan borrower can use the loan amount to start a hotel business, upgrade facilities in the existing hotel, repair or renovate the hotel, and hire new staff for expansion. One can also buy new hotel equipment by taking a hotel loan. However, it is necessary to specify the purpose of taking a hotel loan while applying for the same. You may need collateral for taking a hotel loan depending on the amount and purpose, and it could be the property itself.
An auto loan is among the most bought loans across the globe. This type of loan is given for the
purchase of a new or second-hand vehicle, i.e., a four-wheeler or a two-wheeler. Both commercial
and private vehicles can be bought by taking an auto loan. While applying for the loan, you need to
specify the type of vehicle you are buying, and it will serve as collateral until the last EMI of the loan
is cleared. It is available at affordable interest rates and the process is lightning-fast.
If want to apply for a Hotel Loan, you must meet the following criteria.
| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 3 years |
| Turnover | Rs. 250,000 p.a. should be the minimum annual income |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Cash flow | On the other hand, we denounce with righteous indignation. |
| Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Here are the answers to common hotel loan questions.
The repayment tenure may range from 3-8 years. Although, it may vary depending on the policies of the financing authority.
A complete hotel loan processing may take at least a week.
You can repay the loan in EMIs through an electronic clearing system (ECS), post-dated cheques (PCDs), or the National Automatic Clearing House (NACH).