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Hospitality Industrial Finance is a financing product designed specifically for a business that fits the criteria of a hospitality company such as hotels, motels, bed and breakfasts, inns and hostels.

Hospitality refers to the relationship between a guest and a host, whereinthe host receives the guest with goodwill, including the reception and entertainment ofguests, visitors, or strangers.

Our Targeted Markets

  • Bakery, sweets, chocolate, cake shops
  • Cool Bar, Ice cream Parlour
  • Hotels, Tea Shops
  • Restaurants
  • Manufacturing Units
  • All other industries coming under hospitality sector.

Eligibility

  • 3 Year & above Business stability with same ownership
  • Loan Applicant should be licensee of Hospitality Industry
  • Age Between 21 to 60 Years
  • Cibil Score above 690
  • Shop should have stability proof, shop license and food & safety certificate

Purpose of loan

The purpose of the loan is used by the lender to make decisions on the risk and may even impact the interest rate that is offered. We can lend loans for the following purposes.

  • Expansion of business
  • Purchase of new industrial kitchen equipment’s
  • Purchase of new equipment’s like fridge, mixture grinder, furniture etc
  • Hotel improvement works such as additional rooms, fitting of A/c, fixing of sign board, tiling and flooring, internal and external painting, renovation of kitchen etc.
Loan amount from Rs.50000/- to 20,00,000/-
Instant funds Maximum Loan up to Rs 3,00,000 Within a day
Affordable and diminishing rate of interest
Flexible tenures from 1 year to 7 years
Quick disbursal with minimum charges
Minimum documentation and no hassles.
Repayment by NACH, Post-dated Cheques, Online Payment & at MAFIL Branches on Monthly basis.

Advantages of HIF Loan

  • Loan Up to Rs.3 Lakh without Original Property deed.
  • Loan up to Rs.20 Lakh with Original Property Deed
  • Affordable and diminishing rate of interest; choose the EMI option that best suits your needs
  • Flexible tenure from 1 Year up to 7 Years
  • Quick disbursal with loan approval based on basic KYC, speedy background checks, CIBIL
    score and income proof.
  • Convenience of Door-step service
  • Minimum documentation and zero hassles

Required Documents

  • Pan card, Aadhar card, Photo
  • Shop License, FSSAI, Stability proof
  • Latest 12 Months Bank Statement
  • One Co-applicant or Guarantor
For more Details Contact : Head Office - 9072615112
Kerala – 9072602220, Tamilnadu – 9072654821, Karnataka – 9072624860, North India - 9072600444
For Enquiries Please Contact

Manappuram Finance, Land Line: 0487 3050258, 02268184000/02268182834, Email: [email protected]

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