• A commercial loan for operators of apartments and small hotels
• Installment period up to 7 or 10 years
• Maximum credit limit up to 80 percent of total project value 
• Operators without business experience can apply for a loan
• Timely credit approval with a simple process (no need for project analysis)
• A multi-purpose loan for furnishings, renovations, construction of new buildings, purchase of property, and redemption from other financial institutions

Service types

Commercial loan including loan and overdraft loan (O/D) of up to 20 percent of credit limit which is for hotels only

Terms and conditions of the service

Qualifications of applicants

• Being a natural or juristic person that operates apartments or hotels
• Having a good financial record and willing to get verification from a credit bureau
• Land ownerships must belong to borrowers or immediate family members including parents, spouse, and children, whose status can be legally verified (except borrowing for project purchase)
• The apartment business must generate monthly income of more than 50 percent of total rooms available
• The hotel business must be located in an area supported by the Bank, and the operator must have business experience
• Project sites must have complete facilities including piped water, electricity, and roads
• Having regular income or other earnings from another business or the same business for credit consideration
  
  

Lending rates and service fees

According to the Bank’s standard