We offer school infrastructure loans for the expansion and upgrading of the physical & technical infrastructure of schools. It can be utilized to construct a new school building or for a technical upgrade in classrooms & labs.
The School Infrastructure loans can be utilized for the following:
- Loan for School Construction: A loan is offered to construct a new school or add a new building block in an existing school. It covers the purchase of building materials to the complete development of the new infrastructure. If the school is new, then a minimum of 20% needs to be invested by the borrower, and 80% can be financed of the project cost.
- School Renovation Loan: A new loan is provided for the renovation of existing school buildings and upgrading the physical & technical infrastructure, which attracts new admissions and ultimately helps in increasing the revenue.
- Technical Upgradation: To stay in the competition, every school requires modern classrooms with tech-savvy whiteboards and implications of online platforms.
- Working Capital for the Cash-Flow Gaps: Sometimes, additional funds are required to fill the gap between the long summer holidays and receiving the grants from the state government. So, a working capital loan is provided to fill such gaps.
- Refinance of Existing School Loan: An existing school loan refinance facility and an increased loan limit are available for multiple uses of the funds.
Key Features:
- Available all across India
- Loan starting from Rs.1 Crore to any highest amount required
- Loan available for cibil issue cases also
- A moratorium period is provided
- Loan available for schools under societies/trusts and also Pvt Ltd company.
- Fast Process
- Digital onset of the process
Documents Required:
- Trust/School Profile
- Last three years’ balance sheet
- Last year’s bank statement
- Trust/Society KYC
- KYC of promoters
Kindly contact us to avail a school infrastructure loan.
