School Loan
Loans available for development of School infrastructure, purchase of school buses, Solar installation on the school premise etc
Features
Loan Amount (Min- Max)
1 Lakh- 3 Crores
Loan tenure (Min- Max)
Up to 10 years
Time line for credit decision on submission of all the required documents
- 10 Days
Who can apply
Registered educational institutions
Co-applicant/ Guarantor
Co-applicant mandatory. (Who will be the co-applicant will depend on the nature of the entity)
Documents required:
- KYC Documents of the promoter(s)
- School licence /Affiliation certificate/ Certificate of incorporation
- 3 Years ITRs with computation of the income
- Balance Sheet/Profit & Loss account statements
- Collateral/ Hypothecation documents
