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Scheme for finance to Restaurants / Dhabas

Target Group

Owners of restaurants/ fast food chains

Eligibility

Individuals/ partnership firms/ corporate

Quantum of loan/limit

  • For purchase of Kitchen equipments
  • For investment in Interior decoration
  • For purchase of furniture and fixture
  • For purchase of land and construction of buildings
  • For meeting running expenses.

Type of facilities

Term Loan or overdraft

Quantum of Finance

  • Term Loan: Depending upon project cost subject to a maximum of Rs.1 crore
  • OD : Rs 5 lac

Rate of Interest

As applicable to MSE units

Security

  • Primary - Hypothecation of the assets financed by the Bank.
  • Collateral- Personal guarantees of proprietors/partners/promoters, Extension of charge over current assets, Fixed assets and other existing collateral if any, Additional tangible security such as immovable property, bank deposits, etc.

Loans upto Rs.10 lacs are to be covered under CGTMSE scheme and hence no collateral / third party guarantee required. However, loans above Rs.10 lac upto Rs.1 crore may be covered under CGTMSE at the discretion of the Bank. CGTMSE fees to be borne by the borrower for loan above Rs.5 lac.

Loans upto Rs.10 lacs are to be covered under CGTMSE scheme and hence no collateral / third party guarantee required. However, loans above Rs.10 lac upto Rs.1 crore may be covered under CGTMSE at the discretion of the Bank. CGTMSE fees to be borne by the borrower for loan above Rs.5 lac.

For Hot Listing (Blocking)
ATM/Rupay Cards
1800-103-2278
044-47415691/2/3/4/5
For Balance Enquiry
(By Missed Call) 9223984344 (Toll Free)
All India Toll Free 1800-419-8300