Eligibility Criteria for Hotel Funding

Before applying for a loan, you should consider the following eligibility criteria::

• The applicant should be between the ages of 25 and 65.
• A minimum of three years of business continuity
• At least the most recent ITR filed
• Corporations, agricultural and industrial corporations
• A strong credit history is required.
• Applicants must be Indian citizens.

What are the general variables influencing Hotel Funding Eligibility Criteria?

The following are the top characteristics that commonly influence hotel funding eligibility criteria:

Fragile business - Business is all about ups and downs, but when the notion of taking out a loan arises, the lender will assess your business stability to determine payback capability, and recent losses may hurt your eligibility.

Low credit rating - A good credit rating allows you to negotiate interest rates and gain quick approval for loans and credit, whereas a low rating makes it difficult to get a loan because the payback level appears dangerous.

Documents Required

Individual

• Pan Card Copy
• Aadhar Card + Passport
• Address Proof If Rented Also Required Permanent Address Proof
• Last 3 Years Form -16, ITR With Computation Of Income If File
• Last 1 Year Bank Statement - Salary Account
• Loan Schedule & Sanction Letter (If Running)
• Complete Property Papers With Chain & Map +ATS
• Processing Fee Cheque In Favor Of the Bank
• Projected Financial
• Project Feasibility Report
• Company Profile & Management Profile
• ISO Certificate & MSME Certificate
• Pollution Certificate
• CMA Data
• Machine Quotation
• Building Construction Estimate
• Last 3 Months Salary Slip + Appointment Letter

Prop Firm

• Address Proof (Pass Port, Voter Id Card) Proprietor
• Office Address Proof Latest (Electricity Bill, Telephone Bill)
• Firm Registration Certificates & GST Registration Copy
• Last 1 Year GST Return Copy
• Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
• Provisional Financial Ay 2019-20
• Bank Accounts (Current Account, Cc Account, Od Account Last 1 Year Updated)
• 6 Month Saving Account Statement Updated (Proprietor)
• If Running Any Loan Please Provide a Sanction Letter And Repayment Scheduled
• Agreement To Sell Copy
• Property Papers With Chain Sanction Map
• Projected Financial
• Project Feasibility Report
• Company Profile & Management Profile
• ISO Certificate & MSME Certificate
• Pollution Certificate
• CMA Data
• Machine Quotation
• Building Construction Estimate

Partnership firm

• Partners
• Pan Card - Company, All Partners
• Address Proof - All Partners (Pass Port, Voter I Pan Card, Adhaar)
• Firm Address Proof- Latest Any Utility Bill
• Partnership Deed Copy
• GST Certificate
• GST Return Last 1 Year
• 3 Year Company ITR COI P/L A/C Balance sheet + Audit Report 3cb 3cd, All Annexures, Scheduled With C.A. Certified
• Provisional Financial Ay 2019-20
• Firm All A/C Bank Statement 1 Year Updated
• All Partner Saving A/C Statement 6 Month
• If Running Any Loan – Latest Sanction Letter + Track Records Or Repayment Scheduled
• Agreement To Sell Copy
• Property Papers Complete Chain With Map
• Projected Financial
• Project Feasibility Report
• Company Profile & Management Profile
• Pollution Certificate
• CMA Data
• Machine Quotation
• Building Construction Estimate

PVT LTD

• Photograph
• Clear Pan Card - Company And All Directors
• Address Proof – Company And Directors
• List Of Director& Share Holder With Ca Certified As On Date
• Memorandum Order In Hand And Complete Copy (If Applicable)
• GST, Sale, Vat, And SSI Registration Certificate
• 1 Year GST Returns
• All Directors Individuals ITR & Computation Last 3 Years
• Last 3 Years Complete Financial With Tax Audit Report And Annexure
• Provisional Financial Fy 2023-24 Or Month Wise Sale Figure Last 1 Year
• Company All Bank Account Statement 1 Year Updated
• All Directors Saving A/C Statement 6 Month
• If Running Any Loan – The latest Sanction Letter And Repayment Scheduled
• Agreement to Sell Copy
• Property Papers Complete Chain with Sanction Map
• Projected Feasibility Report
• Company Profile & MSME Certificate
• Pollution Certificate
• CMA Data
• Machine Quotation
• Building Construction Estimate