Hospitality Loans

Description

It is designed for hotels, guest houses, restaurants, eateries, entertainment centres, bars, etc.

Features

  • Accessible by ventures who have an account with the Bank.
  • Flexible repayment terms
  • The loan amount is dependent on the ability and capacity to repay.
  • Competitive interest rate
  • Life insurance cover for death and permanent disability.

Requirements

  • Application letter for a loan
  • Valid national identification of authorized signatories to the account
  • One passport-sized photograph of authorized signatories to the account
  • Provision of all relevant documents to be used as collateral for the loan amount

Benefits

  • Allows for infrastructural development
  • Helps in the purchase of buses/ vehicles for industry players.
  • Augment working capital