A new scheme targeted at the Tourism Industry for Construction / Modernization of hotels, restaurants, health clubs, amusement parks etc., Purchase of Luxury buses, Coaches, Cars etc., at tourist centres
SBM Paryatan Plus
Salient features of the scheme:
Nature of facility
Cash Credit, Term Loan, Letter of Credit, Bank Guarantee
Purpose
Construction / Modernization of hotels, restaurants, health clubs, amusement parks etc., Purchase of Luxury buses, Coaches, Cars etc., at tourist centres
Quantum of Finance
Minimum Rs.2.00 lacs
Margin
20% of the project cost
40% in case of second hand vehicles / equipments
Period of repayment
Between 3 to 7 years in case of Term Loans
Rate of interest
SBMPLR + spread as per Credit Risk Assessment System. Between 14.00% to 15.50%
Primary Security
Hypothecation of assets created out of Bank's Loan
Collateral Security
Tangible collateral in the form of immovable property / NSCs etc.
Insurance
Insurance cover for 100% of the loan amount required.
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Commercial & Institutional Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.378 ; 22259759
Fax: 91 80 22262361
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
