School College Mortgage Loan

  • Loans for Schools & College
  • High quality education is often attributed to schools having state-of-the-art infrastructure and modern amenities. To upgrade your educational institution to fine standards or to accommodate the growing influx of students, you might have to improve on or expand the existing architecture and incorporate structural enhancements. This requires a reliable source of funding with customized terms at competitive interest rates, delivered in a hassle-free manner.

    Capital Float presents School Loans, a collateral-free finance product for schools in India to meet your ever-growing expansion needs. You can apply online in minutes, select desired repayment terms and receive funds in your bank accounts within 3 days. With quick funds at your disposal, your institution can now scale new heights of growth.loan.

  • Features
  • 1. Instant Financing up to ₹50 lakhs - Whether your credit need is limited or extensive, we have got you covered. With Capital Float’s loans for schools, your institution is eligible for a loan amount up to ₹50 lakhs

    2. Loan Tenure of 1-3 years- You can opt for a suitable repayment tenure of 12 – 36 months, depending on the loan amount you procure from us and the nature of your business need. For a vintage of 3 years, you can get credit ranging from ₹10 lakhs - ₹25 lakhs, and for a vintage of 5 years, you can avail an amount from ₹25 lakhs - ₹50 lakhs.

    3. Easy, Hassle-free Loan Application - The School Loan application process is very simple and completely online. Fill up a basic request form that takes under 10 minutes and submit the few requested documents digitally.

    4. Customized Credit Criteria - We at Capital Float understand this well, and have tailored our credit underwriting to suit your needs.Every business operates differently, and so do schools. We at Capital Float understand this well, and have tailored our credit underwriting to suit your needs.

    4. 72-Hour Disbursal - Our data-driven competencies and team of highly skilled professionals assess your creditworthiness optimally, and disburse credit within three working days.

  • Eligibility Criteria
  • ID & The terms that need to be met for availing this school financing option are simple and user-friendly, given below:

    • Only regular, private schools that have fully functional classes from LKG to 8th/10th/12th grades are eligible
    • 2. Annual fees collected must be greater than ₹75 lakhs
    • 3. The educational institution should be situated on own property
    • 4. Driving license
    • 5.School should be run by promoters or a trust

  • Documents Required
    • 4 Society Member KYC
    • Society bye laws
    • Registration KYC
    • 1 year Bank Details school society
    • 3 years Audit ITR
    • Loan Statement
    • Student strength class wise Staff salary details ( Teaching & Non-Teaching Staff)
    • Property paper

  • Educational Society Loans:
    • Interest Rate Starts with 10.50%
    • Loan Tenure : Max 15 year