We finance institutions which provide education to the students from nursery to post graduation/research in any/all streams of education.
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| 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 84EMI.
- 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.
- Service charges as applicable.
Service Charges and Share money will be as applicable.
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ROI for first year Click Here,
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| For more details, write into us at loans[at]abhyudayabank[dot]net , and Abhyudaya Co-op Bank will get back to you. |