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
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