School Loans
Preparing students for success in an ever changing world.
Making your child’s world a better place.
Purpose
We provide loans to educational institutions for creation/improvement of their infrastructure/ assets. This includes:
- Construction of additional classrooms
- Sanitation (for example, separate toilet block for girls)
- Repair/Renovation/Improvement/Painting
- Teacher training and refresher courses
- Benches, tables, chairs, other furniture
- Laboratory, Laboratory Equipment
- Library and 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
For Whom?
- School, Vocational institutes, Polytechnics and select Colleges
Features
- Easy-to-understand process and products
- Easy EMI repayment plans
- Customers are eligible for Loan amounts based on eligibility and norms
Loans between Rs 1- 15 lakhs can be available as unsecured based on eligibility and norms
Loans upto Rs 250 lakhs can be available as secured based on eligibility and norms
Eligibility
- Good repayment track record for existing loans
- Proven ability to pay EMIs on time
- Adherence to KYC and other regulatory requirements
- Additionally, for secured loan, suitable collateral need to be provided
Tenure
Loan tenures can range from 6-48 months for unsecured loans and upto 84 months for secured loans
Documentation
Easy and minimal post sanction, documentation process:
- KYC and regulatory documents
- Loan agreements + Promissory note + Security PDCs
- Loan repayment related documents (ACH, PDCs)
- Collateral related documents (if applicable)
21,632
Schools visited
3,000
Schools funded
