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High quality education is often attributed to schools having state-of-the-art infrastructure and modern amenities. To upgrade your educational institution to fine standards or to accommodate the growing influx of students, you might have to improve on or expand the existing architecture and incorporate structural enhancements. This requires a reliable source of funding with customized terms at competitive interest rates, delivered in a hassle-free manner.
Ourloanguru, arranges School Loans, a collateral and non-collateral finance product for schools in India to meet your ever-growing expansion needs. With quick funds at your disposal, your institution can now scale new heights of growth.
Simply talk to us, our experts are here to make things easiest for you
7.50% Interest Rate
During the earlier days of India’s education sector, private schools and colleges had many challenges accessing funding from formal financial providers. That presented these institutions with the option of either borrowing from unorganized markets which charged higher services costs. And based on the hefty procedures when borrowing from such providers, it would lead to delayed completion of projects in these institutions. But now there are a number of financial institutions that make the process easier for colleges and private schools to undertake their projects and finish them on time.
They provide loans for the different purposes like building constructions, renovations, purchase of land, purchase of hardware and software and financing of working capital etc. The loans also cover consolidation of liabilities to infrastructural enhancements including traditional land and building, tools and equipment, software, systems and more.
The terms that need to be met for availing this school financing option are simple and user-friendly, given below.
The following are the Basic documents required for Education Institution Loan:
Educational business institutions such as private schools, Play Schools, coaching centres and Private Vocational Colleges can get Educational Institutional Loan
From the day an application is being given, banks usually take about 4 – 5 working days to disburse the loan. This is subject to complete information & documentation given at the time of the application.
Yes. You can make full or Part-payment towards your Educational Institutional Loan.