How to get loan for hotel business in India?

To secure a loan for a hotel business, applicants need to present a comprehensive business plan, detailed project report, and financial statements. Lenders consider factors such as location, market demand, promoter experience, and projected revenue. Loans can be used for property purchase, construction, renovation, or working capital. Collateral may be required, and terms depend on the loan size and business profile. Special schemes may be available for hotels in tourist destinations or those adopting sustainable practices. Comparing offers and understanding the terms is highly important for choosing the right loan for your hotel business.