Loans For Educational Institutions| Varthana

Call us at 080-68455777 or visit www.varthana.com and fill out an enquiry form to apply and know more about Varthana school finance. We are India’s top school finance company.

Varthana, India’s leading school finance company, promises to be one of the best loan providers only catering to affordable private schools.

Depending on the school loan eligibility criteria, creditworthiness, loan amount, usage of loan we have tenures starting from 3-6 years

The whole school loan process may take 5-7 days.

Whatever the amount of the school loan, it will be repaid to the lender through Easy Monthly Installments (EMIs) over the course of the loan’s term. The loan can be paid back using the National Automated Clearing House (NACH), or Post-Dated Cheques (PDCs).

School loan interest rate is calculated using an array of factors such as loan amount requested, type of school loan, loan tenure chosen, the future cash inflow of the school, loan repayment history, and so on.

No. You cannot get school finance to open a new school.

A minimum 3 years of existence is required to avail any loans from banks, NBFCs or any other financial institutions.

Education loan eligibility is determined by several factors:

• The educational institution should have a business vintage of at least 3+ years and a minimum student strength of 200+.
• Loan applicants must be Indian citizens aged between 26 and 70 years.
• The institution should be operated by a promoter, association, or trust.

When applying for educational institution loans, you’ll need the following documents:

• Application Form: A filled application form with your photograph.
• Age Proof: Birth certificate, Voter ID card, or School/College leaving certificate.
• Proof of Ownership: Incorporation or registration certificate.
• Additional Documents: Collateral documents if applying for secured loans.
• Identity Proof: Aadhaar card, PAN card, Driving license, Voter ID card, or Passport.
• Address Proof: Passport, Aadhaar card, Voter ID card, Landline bill, Registered rent agreement, Driving license, Bank statement, Passbook, or Utility bill.
• Income Proof: Bank statements up to 12 months and any other relevant financial documents.

Varthana offers specialized loans tailored for educational institutions in India, particularly affordable private schools. These loans address specific needs such as school maintenance, teacher salaries, construction projects, equipment purchases, and other operational expenses. We recognize the challenges institutions face and provide financial support to ensure they can effectively manage and grow their facilities and educational offerings. Visit our page to learn more.

Varthana offers loans for educational institutions in India, supporting access to quality education for children from low-income families. We finance the construction of school and college buildings, hostels, laboratories, administrative offices, and other associated infrastructure. Additionally, loans cover the purchase of furniture, computers, books, and other essential educational materials. This financial support helps institutions enhance their facilities and educational resources, ultimately improving the learning environment for students.

Loans for educational institutions are repaid through Easy Monthly Installments (EMIs) over the loan term. Payment methods include Electronic National Automated Clearing House (e-NACH) or Post-Dated Cheques (PDCs). Interest rates are calculated based on factors like loan amount, type of loan, collateral, repayment duration, school’s financial outlook, and repayment history. These terms ensure systematic loan repayment for educational institutions. Visit our page to learn more.

The education loan process involves several key steps:

• Enquiry: Visit www.varthana.com or call us at 080-68455777 to enquire about the school loan. Our customer support team will contact you within 4 hours (Mon-Fri, 9.30 am to 6.30 pm) to gather detailed information and assign a dedicated relationship manager.
• Requirement Understanding and Documentation Collection: Your relationship manager will reach out to understand your needs, advise on required documents, and collect them for processing.
• Loan Approval: After evaluating your project details and eligibility, the school loan will be approved in principle.
• Loan Disbursement: Upon acceptance of the approved loan amount and completion of disbursement formalities, the loan will be disbursed.

In the education loan application process for institutions, our dedicated relationship manager will reach out to schedule a discussion about your needs and advise you on required documents. Once we receive your documents, we process your application. After thoroughly reviewing your project and confirming loan eligibility, we approve the school loan. Upon your acceptance of the loan offer and completion of disbursement paperwork, the loan funds are disbursed. This systematic approach ensures clarity and efficiency in securing educational funding.