Shiksha’s benefit to our Customers

Faster process

Customized product
Simpler documentation
Unique credit methodology

Products


 

Asset Finance Loans



Are you are looking for a loan to expand your education business or to improve the quality of your service delivery? write to us at info at shikshafinance dot com
For what?
Creation of infrastructure and assets, including but not limited to

  • Construction of additional classrooms
  • Sanitation/separate toilet block for girls
  • Hygiene, covered dining rooms
  • Repair/Renovation/Improvement/Painting
  • Teacher training
  • Benches, tables, chairs, other furniture
  • Laboratory, Laboratory Equipment
  • Library,  Library books
  • Computers, printers, other related hardware
  • Tablets, Smart class equipment and other modern learning aids
  • Purchase of a playground, play equipment, Basketball court
  • Purchase of a new or used school vehicles

Loans can also be offered to schools vendors, against supply of Goods and/or Services to schools.

For who ?

  • Private Schools (KG to 12/PUC), pre-schools, crèches,
  • Vocational institutes, Employment focused courses , polytechnics
  • Coaching centers (CA, MBA, Medical, Engineering)

How much
Upto Rs 20 lakhs.
Need a larger loans? Talk to us. We can help you in one of many ways

Tenure
24 months – 48 months, dependent on asset

Interest rate %
Determined on case to case, based on a customised credit assessment

Processing fees %
2% of sanction amount, payable upfront, one time

Repayment
ECS/Irrevocable Standing instruction or Post Dated Cheques (PDCs)

Security
Beyond Rs 5 lakhs: collateral required

Documentation:
KYC documents + Loan agreements + Collateral (if applicable) + repayment documents (ECD, PDCS, bank mandate) + Promissory note

You are an educator? You need finance for improving the quality of education?

 

Student Loan


Are you are looking for a loan to put a child in school? write to us at sales at info at shikshafinance dot com

For what?
Student loans can be availed by to parents to finance Tuition fees, Books, Uniform, Shoes, Bag etc.

For who ?
Group of Parents, through a school
Group of parents, through an employer

How much
Upto Rs 20000/- or actual costs, which ever is higher.

Tenure
6 months – 10 months

Interest rate %
Determined on case to case, based on a customised credit assessment

Processing fees %
2% of sanction amount, payable upfront, one time

Repayment
Through Employer: payroll deduction through employer
Through School: Escrow arrangement through school

Security
Social collateral

Documentation:
KYC documents + Loan agreements + irrevocable bank mandate letter + Promissory note

Are you are looking for a loan to expand your education business or to improve the quality of your service delivery? write to us at info at shikshafinance dot com