Education Institution Loan FAQs

If you do not have any collateral to offer, you can get an unsecured loan of up to INR 25 lakhs. The institute can use the funds as working capital.If you can offer collateral, we provide secured loans up to INR 5 crore. These funds can be used to enhance the institute's capacity, renovate an existing structure, develop the infrastructure, or purchase additional land or property.

We require two types of documents. Our general document requirements include:

• A filled-up application form with a picture and a signature across the photograph
• KYC documents that confirm your identity and address
• Either the trust deed, MOA, AOA, bye-laws or partnership deed
• The registration or incorporation certificate
• Approval from AICTE or ICSE or CBSE or another relevant authority
• Documents related to the primary and secondary collateral

Additionally, we require the following financial documents:

• Financials of the previous three years, including audit reports
• Income tax returns of the last three years
• Latest 12-month bank statement for the operating account
• All loan statements and existing loan sanction letters since inception

We have a quick 5-step loan application process:

• Step 1 – Submit the loan documents and initial processing fee cheque
• Step 2 – Let us assess your eligibility and get back to you regarding further documents required
• Step 3 – Give us the time to complete our technical, financial and legal due diligence
• Step 4 – We issue the final sanction letter once the balance processing fee amount gets cleared
• Step 5 – Execute the necessary resolutions and loan documents to receive the loan amount