School Plus

Educational Institutions with adequate source of income (both Government aided schools/Schools governed by Private management). The school should have run successfully for at least three years.
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School Plus
  1. Loan for construction of new building / repairs, renovation of existing building, purchase of school equipment, books, lab, furniture and fixtures, sports, acquiring software programmes.
  2. Term loan facility
  3. Government aided schools, private schools run successfully for 3 years
  4. Margin 15% of project cost
Features
Interest : Click to view Interest Rates
Repayment : 36 to 84 monthy instalments
Security : Hypothecation over assets acquired out of bank finance
Collateral: Personal guaranteee of the Promoter / Trustees
Equitable Mortgage of land & building of school or Guarantor
For vehicles – Hyp. charge to be registered with RTA
Processing charges :
Upto `25,000/- Nil
>`25,000/- < `2.00 lacs `500/-
>`2.00 lacs <`1.00 crore `500/- per lac
>`1.00 crore `400/- per lac
  Min `50,000/-
  Max `20.00 lacs
Quantum of finance : Minimum – `0.50 lacs
Maximum- `25.00 lacs

Appropriate Government approvals are necessary

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