• Facility: Term Loan or Overdraft
• Repayment:
  • 84 Months (may be extended up to 120 months in deserving cases).
• Pre-payment charges: 2% of outstanding loan amount at the time of closure (if taken over) The most cost-effective in the field.
• Processing charges:
  
  • 1%for loan up to Rs.10.00 Lakh.
  • 0.50% for loan above Rs.10Lakh (Min. Rs 10,000/- & Max. Rs.1.00Lakh.

* The most affordable in the sector.

• Infrastructure Development: Fund the construction or renovation of classrooms, laboratories, and administrative offices to enhance the learning environment.
• Technology Upgrades: Purchase modern educational technology and equipment, such as computers, projectors, and smart boards, to facilitate innovative teaching methods.
• Operational Costs: Cover day-to-day operational expenses, ensuring the institute runs smoothly and efficiently etc.

• Primary Security: The primary collateral is typically the property (land and buildings) owned by the educational institute.
• Mortgage: The property, whether land or building, is mortgaged to the bank to secure the loan.

• Entity Type: The borrower must be a registered educational institution, such as a school, college, university, or vocational training centre.
• Operational History: The institution should have been operational for a minimum of 3-5 years and have a stable financial track record.
• Purpose of Loan: The loan must be used for the construction, renovation, expansion, or improvement of educational facilities.

• Revised Rate of Interest P.A.: 10.00% P.A.