Mahabank Scheme for units engaged in Hospitality

Eligibility

• Existing/Prospective owners of Hotels, Restaurants, Fast Food Centers, Pizza Centers (Franchise), Caterers, Motels (Dhaba), Bakeries, Mess, Tour Operators, Water Sports, Amusement Parks, Floating Restaurants, House Boats etc.
• Individuals, Proprietorship, Partnership Firm, LLP, & Corporates
• The owner of the property invariably be taken as personal guarantor to the credit facilities.

Purpose

• Purchase of land & construction/premises for running small hotel/restaurant. The finance for purchase of Land in project cost shall not exceed 25% of the total project cost.
  • Furniture & Fixtures
  • Kitchen Equipments
  • Interior Decoration
  • Purchase of Vehicles, Boats for activity purpose
  • Modernization of existing facilities
• Working Capital

Nature of Facility

Term Loan, Working Capital

Quantum of
Finance

Term Loan: Min. Rs 0.10 crore; Max. of Rs 10.00 crore
Working Capital: Min. Rs 0.10 crore; Max. of Rs 2.00 crore
Total exposure including TL & WC should not exceed Rs 10.00 crore under the scheme

Margin

• Micro & Small Enterprises: Minimum 20%
• Medium Enterprise: Minimum 25%

Rate of
Interes

RLLR based 

• Incentive by way of ROI reduction if collateral is provided.
• CGTMSE cover available for loan upto Rs. 5 crore.

Fees & Charges

As per extant service charges guidelines