Loans for Educational Institute

We finance institutions which provide education to the students from nursery to post graduation/research in any/all streams of education. We finance for the construction of school/college buildings/hostel/ laboratory/ administrative offices and/or any other buildings which are annexed to the said institutions’ and for purchase of furniture & fixture, equipments, machineries, computers, books and all such other materials in connection with the education etc.

Educational institutions should be registered as Trusts under Public Trusts Acts of the respective States and incorporated as Companies under the Companies Act., 1956. Such institutions should be recognized/affiliated to some Board/ Universities/AICTE etc.

Security- Land & Building and any other Immovable properties. (not agricultural land) & Hypothecation of Instruments & Equipment acquired out of the loan and other assets of the Educational Institution

Personal guarantees of the Promoters/Trustees of the Institution

Margin-25% of the cost of the project.

Maximum Repayment period 120 EMI.

Concessional rate of Interest.

The facilities are generally given to well established Trusts/Companies with proven track record.

The Bank shall restrict the sanctioning of the credit facilities to newly formed Trusts and Companies

Loan for Hospitals

We finance institutions which provide education to the students from nursery to post graduation/research in any/all streams of education. We finance for the construction of hospitals,school/college buildings/hostel/ laboratory/ administrative offices and/or any other buildings which are annexed to the said institutions’ and for purchase of furniture & fixture, equipments, machineries, computers, books and all such other materials in connection with the education etc.

Educational institutions should be registered as Trusts under Public Trusts Acts of the respective States and incorporated as Companies under the Companies Act., 1956. Such institutions should be recognized/affiliated to some Board/ Universities/AICTE etc

Security- Land & Building and any other Immovable properties. (not agricultural land) & Hypothecation of Instruments & Equipment acquired out of the loan and other assets of the Educational Institution.