Tourism Promotion Finance (KTPF) is designed for providing loans for Construction and establishment of hotels, guest houses, Eco friendly homestay, tourist huts, Restaurants, Cafes, adventure items sports shops, Handicraft and souvenir shops, camping services located in strategic tourist locations Ancillary services such as vehicle rentals, tourist facilitation services/guides.
Residents of Gilgit-Baltistan or those who have permanent and established a business connection in the GB.
Max Limit and Tenure
Rs. 3 million can be enhanced/graduated up to 5 million for expansion of the business subject to good repayment history
5 Years (3 months grace period) monthly equal installments.
One Year KIBOR + 6 % per annum subject to change from time to time.
Tangible securities such as land/building, term deposit certificates, Defense saving certificates or lien of any other deposit held with the bank. Security of landed property will be accepted at a margin of 30%.
Life insurance of borrower.
End use verification
Life insuranceTo ensure proper utilization of the loan, end-use inspections will be conducted by the authorized officers of the bank at regular intervals. of borrower.