We provide loans for schools up to Rs.100 crores or higher against existing school property. Our professional approach and online document boarding make the loan process seamless, even when applying from distant locations. This finance can be raised in any major city against the institution’s properties or any additional property offered to us.
We are a team of experienced professionals who access the client’s financial statement, credit history, and other documents and recommend the best possibilities to secure the transaction.
Key Features of Loans for Schools:
- Loan starts from Rs.1 crore to 100 crores or even higher
- The institution’s existing property works as collateral for this loan
- Loans are available in all major cities of India
- The easy onset of the process
- All digital onboarding of documents
- A moratorium period is provided
- Any additional collateral (other than the institute) can also be offered as security
- Some previous credit issues borrowers can also apply
Best Financial Solutions for Schools & Institutions
Educational institutions often face various financial challenges, including budget constraints, rising operational costs, and the need to keep up with technological advances.
Following are the benefits for schools by taking loans for Schools:
- Facility Improvements: Renovating outdated classrooms, labs, or auditoriums to enhance the learning environment.
- Tech Upgrades: Ensuring access to the latest educational technology, such as tablets, interactive whiteboards, and online learning platforms.
- New Building Construction: Construction of new buildings increases the school revenue and better facilities for students.
- Cash Flow Management: Schools may need working capital to cover short-term gaps in revenue, such as during summer months or in anticipation of delayed state funding.
- Purchasing a New School: As part of the expansion, purchasing existing schools that run under your management is the best tool for business growth.
- Refinancing Existing Loan: To refinance the existing loan at better commercials or simply require an enhancement on the previous loan by a takeover of the previous facility.
Eligibility Criteria to Apply for Loans for Schools
- The school must be registered under a Trust or Company
- Must have all valid approvals
- School strength of not less than 500 students
- School property itself can be offered as collateral
- Properties on the personal names can be also offered as collateral
- A business vintage of at least five years is required
Documentation Required
- School Profile
- Cost break-up
- In the case of a branded chain, an agreement is required
- Last three years’ balance sheets
- Bank statements for the last one year
- Registered deed
- KYC of Promoters
