Value-added extension for apartments and hotels with K-SME Apartment & Hotel Credit, with many types of assistance to support your apartment and/or hotel business
. Thus, you will have sufficient funds for business start-up, renovations takeover and refinance...for a Boundless Business.
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
For more information, contact the K-BIZ Contact Center 0 2888 8822.