Digital Product Loans

Educators goal is to prepare students for what comes next. In today’s tech- savvy world, Educators motivate students to improve their ability to think, explore their creativity and communicate effectively.

Some core benefits of the Digital & Smart School are –

  • Empower Teachers & Students
  • Develop future skills in students such as critical thinking, creativity and communication.
  • To explore and understand real life application of Maths, Science and other subject concepts.

Many schools are already using hybrid model of traditional and digital learning for efficient teaching.

In an increasingly digital world, if you’re looking to upgrade your school to a smart school, Then Digital products loans are for you. 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 purchase interactive smart board, projector for class rooms.
  • To purchase techno solutions Software- (School Mobile App, ERP, Learning management system)
  • To purchase Safety & Security solutions (CCTV, Digital locking system)

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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