Loan to Travel Agencies

Salient Features : 

Eligibility                      : Annual business turnover should be satisfactory
Loan Sanction             : On a case to case basis
Nature of Loan            : CC(HYP).
Purpose of Loan          : For running travel agency business
Rate of Interest           : 15%
Security                       : Hyp. of recievables/tickets, all office furniture and equipments Collateral to be 
                                       twice the value of the loan
Mode of repayment     : Sale proceeds of tickets.
Duration of the Loan    : One year