Education Institution Loan

Leave Money Problem to us Just Focus on your teaching methodology and goodwill

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

Customer Support

+91-9811312259

Request a Call Back ?

About Education Institution Loan

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.

Key Features of Education Institution Loan
  • Collateral (property) Base Financing up to ₨. 7.50 Cr
  • Non-Collateral/Unsecured Financing up to ₨. 1.00 Cr
  • Loan Tenure up to 10 years
  • Easy, Hassle-free Loan Application
  • Customized Credit Criteria: Every business operates differently, and so do schools. We at Ourloanguru understands this well and have tailored our credit underwriting to suit your needs

Basic Eligibility Criteria for Education Institution Loan

The terms that need to be met for availing this school financing option are simple and user-friendly, given below.

  • Only regular and affiliated, private schools that have fully functional classes from LKG to 8th/10th/12th grades are eligible
  • Annual fees collected must be greater than ₨. 75 lakhs
  • Strength of students must be more than 350
  • School should be run by promoters or a trust
  • Vintage of 5 Years

Documentation

The following are the Basic documents required for Education Institution Loan:

  • KYC Documents- ID Proof and Address Proof
  • Trust Deed/MOA/AOA/Bye- Laws/Partnership Deed
  • Registration/Incorporation Certificate
  • AICTE/DTE/ICSE/CBSE or any other relevant authority approved
  • Primary and Collateral Security related documents
  • Latest 3 years financial along with audit report
  • Latest 3 years Income tax returns
  • Latest 12-month bank statement of main operating account
  • Existing loan sanction letter and loan statements since inception
  • Fee structure for students
  • Salary structure for staff
  • Property documents: Copies of complete chain with sanctioned map of the concerned property

FAQ

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.

Apply Now







Share