Loan Amount
Keeping in view the inflow of large number of tourists both in UT of J&K and UT of Ladakh and enhanced initiatives Govt. of J&K & Govt. of Ladakh for the tourists, the Corporation is extending lending facility in the range of ₹ 0.50 lakh to ₹ 25.00 lakhs.
Objective
To provide financial assistance under “Home Stays” for Tourism related activity for renovation/ modernization of houses along with site development of premises.
Eligibility
- Owners/ Co sharers.
- The proceeds of the Term Loan shall be invested in creation/upgradation of fixed assets which will ultimately improve the facilities and generate sufficient revenue for the unit;
Exclusions
Acquisition of second hand items;
Margin
Minimum 25%
Rate of Interest
The rate of interest will be charged by the Corporation equal to the State Bank of Indias Marginal Cost of Fund Base Lending Rate (MCLR) for 1 year tenor as revised from time to time for all lending cases.
Security
Equitable mortgage/Hypothecation of Primary security with two guarantors of having sufficient net worth (as applicable norms on case-to-case basis).
Repayment
The Term loan shall be repayable in a period in the range of 3 to 7 years including a moratorium of 1 month to 24 months from the date of disbursement.
Up-Front Fee
No upfront fee shall be charged for Term loans up to ₹25.00 lakhs. Term loans beyond ₹25.00 lakhs & up to ₹100.00 lakhs shall attract upfront fee @ 0.375% of the Term loan sanctioned plus GST; Term loans beyond ₹100.00 lakhs shall attract an upfront fee of 0.75% of the term loan sanctioned plus GST. The upfront fee paid shall be non-refundable.
Processing Fees
The Corporation shall charge processing fee as per the structure given here under:
| Amount | Fees |
|---|---|
| Up to ₹25.00 lakh |
₹ 2,500 |
| Above ₹25.00 lakh to ₹50.00 lakh |
₹ 5,000 |
| Above ₹50.00 lakh to ₹75.00 lakh | ₹ 7,500 |
| Above ₹75.00 lakh to ₹100.00 lakh | ₹ 10,000 |
| Above ₹100.00 lakh to ₹150.00 lakh | ₹ 12,500 |
| Above ₹150.00 lakh to ₹250.00 lakh | ₹ 15,000 |
| Above ₹250.00 lakh to ₹350.00 lakh | ₹ 20,000 |
| Above ₹350.00 lakh to ₹450.00 lakh | ₹ 25,000 |
| Above ₹450.00 lakh to ₹550.00 lakh |
₹ 30,000 |
| Above ₹550.00 lakh to ₹650.00 lakh |
₹ 35,000 |
| Above ₹650.00 lakh to ₹750.00 lakh |
₹ 40,000 |
| Above ₹750.00 lakh to ₹850.00 lakh | ₹ 45,000 |
| Above ₹850.00 lakh to ₹1000.00 lakh | ₹ 50,000 |
*plus, GST as applicable
EMI Calculator
₹ 0
Total Interest ₹ 0
Total Payable ₹ 0
₹ 0
Total Interest ₹ 0
Total Payable ₹ 0
₹ 0
Total Interest ₹ 0
Total Payable ₹ 0
Note:
EMI results are indicative and may vary as per bank or lender policies.
During the moratorium period, interest is capitalized and EMIs are recalculated
over the remaining loan tenure without extending the original tenure.
Documentation
Standard documentation as per norms of the Corporation.
Apply Now 
EMI Calculator