Play / Pre School-Loan

Pre and Play Schools are playing a fundamental role in the growth and development of children. Pre- Schools prepare children for formal schooling. Play Schools are established to build a strong foundation for the educational journey of children. We recognize the growing demand for play schools and the funding challenges for setting them up.

We believe in providing you all the necessary financial assistance to start a play school or upgrade your existing play school with safe infrastructure, trained teachers, hygienic environment and NextGen curriculum.

Our Play / Pre- School loans are designed to empower your school and make your dream project a reality.

Product Details

Features

  • We provide you both secured and unsecured school finance loans as per your requirement.
  • Loan Amount- Secured loans up to Rs. 15 lacs. Unsecured loans up to Rs 5 lacs.
  • Interest Rate- ROI varies from lender to lender and is curated as per the borrower’s needs and eligibility.
  •  Tenure- EMI options upto 60 Months.
  • Collateral- Loans can be either secured or unsecured, i.e., you may or may not be required to mortgage a collateral to avail of the loan. The lender curates the loan as per the collateral capability of the borrower. Wide range of acceptable collaterals.
  •  Loan to Value (LTV)- of up to 80% of market value of collateral. (However, LTV varies from lender to lender)

Purpose

  • Purchase of Land & Building for setting up a Play Schools.
  • Construction / improvement of school building.
  • Renovation of existing Building.
  • Purchase of furniture & other equipment.
  • Balance transfer of your existing loan liabilities.

Eligibility

  • 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
  • Financial documents – ITR / Audit report (If applicable)
  • Collateral (for Secured Loan Ony)- Collateral Security documents as per legal & technical report.
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