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Indian School Finance Company Private Limited

Loans to Vocational Colleges and Institutes

Indian industries are looking for skilled personnel for their increasing work force requirement to keep up the pace with growth, vocational colleges plays a vital role in fulfilling the requirements of business and industries.

Vocational colleges are instrumental in skilling students which is important for their employability. We provide loans to Vocational colleges to undertake infrastructure upgradation projects which can help you provide better facilities and environment to students which is essential for their learning and skill development.

Being a specialist in funding education segment, we understand your requirement better and depending upon the cashflow of your Vocational college we can fulfil your funding requirement. With quicker our turnaround time, you can expedite execution of your projects which will lead to overall growth of your college and ultimately students in terms of improved quality of education.

Product Details

Characteristics
  • Secured loans upto Rs. 75 lacs.
  • Unsecured loans upto Rs 10 Lacs.
  • EMI options upto 60 Months.
  • Wide range of acceptable collaterals.
  • Loan to Value (LTV) of upto 80% of market value of collateral.
  • Loan disbursement through NEFT/RTGS.
  • No foreclosure charges upto 25% of the loan amount.
Purpose
  • Purchase of Land & Building for Vocational Colleges.
  • Construction of Building/Labs.
  • Renovation of Building and existing infrastructure.
  • Purchase of Furniture & Equipments.
  • Purchase of Hardware and Software contents.
  • Balance transfer of your existing loan liabilities.
Eligibility
  • Recognized by All India Council for Technical Education (AICTE).
  • Minimum Annual Fee of Rs 20000 per student.
  • Minimum student enrolment of 150.
  • Strong operational income and Committed Management.
  • Good repayment track of existing loans (if any).
Documentation
  • Duly filled in Application form.
  • KYC Documents –ID and Residence proof of applicant and co-applicant.
  • Latest 6 months Banks statement of college, applicant and co applicant.
  • Society/Trust Pan card and Pan card of applicant and co applicant.
  • Copy of recognition and affiliation.certificates.
  • Copy of Society/Trust registration , Bye laws , updated members list.

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