OYO introduces Cash-in-Bank financing facility for its asset owners

OYO Hotels & Homes has launched a Cash-in-Bank (CiB) facility for its asset owners. This initiative will allow the asset owners to upgrade and renovate their properties.

The new financing facility is the second initiative by OYO under its recently-launched partner engagement programme. Through this facility, the asset owners can avail of collateral-free business loans to meet their expansion and renovation needs.

Aditya Ghosh, Chief Executive of OYO India and South Asia, said, “We believe this facility has the potential to be a game-changer for our asset owners and elevate their relationship with us.”

“As a direct outcome of our constant engagement with the asset owner partners under the aegis of OPEN, OYO Partner Engagement Network, we realised the need for providing a quick and hassle-free financing facility to cater to their expansion and renovation needs,” he further stated. 

Ghosh added, “At OYO, we are on a mission to create quality living spaces and make it accessible and affordable for millions of our customers and we cannot do this without the active support and encouragement of our asset owner partners.”