We provide loans for hotel and resort construction up to Rs.150 Crores or more in all major cities of India. This loan is available for businesses in the hospitality industry that run hotels, resorts, restaurants, and cafes.
We provide loans for:
- Hotels
- Resorts
- Health Resort
- Entertainment Centre
- Amusement Park
- Serviced Apartment
- Restaurants
- Food Courts
- Banquet
Fund Source India offer a range of financial support to borrowers who are in the hospitality industry. We cater to multiple products that can fulfill every kind of requirement.
- Hotel Project Finance: We offer loans for developing a new hotel and resort. As per the rule, a loan of 70 to 80% of the total project cost is provided depending upon case to case. All necessary approvals are required before the application.
- Hotel Renovation Loan: A loan is offered for the renovation of an existing hotel or resort that can increase revenues.
- Hotel Working Capital Loan: A general working capital loan is provided to meet the day-to-day expenses and maintain the cash flows.
- Takeover Loan: A new loan is provided to take over an existing loan with enhanced funds to meet out various requirements of a hotelier.
- Hotel Acquisition Loan: A loan is provided to acquire an existing hotel or resort, which is now part of the borrower company. As per policy, 20 to 30% needs to be infused by the borrower and the balance will be provided as a loan.
Some Key Features of Loans for Hotel Construction:
- Loan starts from 1 crore to 150 crores or more
- Hotel/resort property can be taken as collateral
- Finance available in PAN India
- Tenor from 10 to 12 years
- Easy onset of Process
- Digital submission of documents
- Availability of principle moratorium
- Additional collateral is also accepted
- A working capital loan can also be provided with a construction loan
- Past credit issues clients can also apply
Why Choose us
- Pioneer in the industry
- Fast process
- Long track record
- Professional approach
- Doorstep service
- No upfront charges
Eligibility Criteria
- Applicant must be an Indian citizen
- Hotel Property having all valid approvals from local authorities
- Property must be owned in personal or company name
- Either Self-registered properties or properties with at least 99 years lease period
- Applicant must be from a business background in a similar business or others
- At least three years of business stability is required
Documentation Required to Apply Loan for Hotel Construction
- Hotel layout plan
- Agreement with any major hospitality brands
- Construction cost break-up
- Hotel Profile/brochure
- Property documents
- Land conversion certificate, if applicable
- Last three years’ balance sheets
- Bank statements for the last one year
- GST Certificate
- Promoter KYC
