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  ABHYUDAYA CO-OPERATIVE BANK LTD.
  MULTI STATE SCHEDULED BANK
   

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Thursday, 19-Oct-2017  09:11:48 AM
 
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Loan to Educational Institutes
 
 
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.
 
Key point:-

  • 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.

ROI for first year Click Here,
 
For more details, write into us at loans@abhyudayabank.net, and Abhyudaya Co-op Bank will get back to you.
 
 
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