Lab / Library & Curriculum Loans

Parents are very particular to select a school for their wards. The school must have state of the art infrastructure and well-equipped learning areas (Such as Computer Lab, Mathematics Lab, Science Lab, Robotics Lab, Library and innovative curriculum)

Realising the growing demands of parents, schools are investing to build NextGen Labs, Library and advance curriculum.

If you’re looking to expand your labs or upgrade curriculum, Our Labs / Library & Curriculum Loans are there for you. These loans help you develop a NextGen facility and equip it with the advance curriculum. With our customised loans, you will soon be one step closer to providing world- class education.

Product Details

Features

  • Loan Amount up to Rs. 15 lacs.
  • Tenure – 6 Months to 36 Months (However, this tenure varies from lender to lender)
  • Interest Rate- ROI varies from lender to lender and is curated as per the borrower’s needs and eligibility.
  • Collateral Free Loan- You may or may not be required to mortgage a collateral to avail of the loan. (Subject to financier guideline) Hypothecation of assets (Purchased equipment) is required. 

Purpose

  • To build a NextGen Computer Lab, Mathematics Lab, Science Lab, Robotics Lab
  • To make a standard Library
  • To purchase advance curriculum

Eligibility

  • School recognized by State or Central Board
  • Positive Cash Flow. Underwriting based on actual cash flow analysis of the school, rather than analysing the traditional way of approving loans.
  • Committed Management.

Documentation

  • KYC Documents –ID proof, Residence proof & Pan card
  • Banks statement – Individual, Society, Trust, School
  • Financial documents – ITR / Audit report (If applicable)
  • Constitution Documents – Bye-Laws of Society / Trust, Member list, Copy of recognition and affiliation certificates.
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