India is a land of talent, and talent needs to be nurtured. Schools play an important role in shaping students and their talents. Every student deserves to attend top schools that have the best infrastructure and facilities, and Varthana’s best school building construction loan is for the low-budget private schools that are unable to achieve this institutional framework.
Varthana’s secured school loan is hassle-free and it is for the owners who want to construct a new building or renovate an old one. You can easily get a loan for construction of a school building, but you will have to mortgage property as security. The money can be utilised for a variety of things. Consider the construction of new classrooms, for instance. You can also purchase land for school expansion, remodel computer and science labs, buy vehicles such as school buses and vans, and so on.
This is how it works! The lender (Banks, NBFCs, or other financial institutions) lends money to school, college, or university owners for the construction of a new building, classroom, or the renovation of existing buildings within the school premises. This will subsequently improve the learning environment. Renovations to the new laboratory, library, and classrooms are likewise simple and quick to accomplish.
You can enquire about the school building construction loan by visiting www.varthana.com. Fill out and submit the contact form or give a call to us on 080-68455777. Our customer support team will call back to you within 4 hours of business day (Mon-Fri, from 9.30 am to 6.30 pm) seeking detailed information and will assign a dedicated relationship manager to fulfil your school loan needs.
Our dedicated relationship manager will call you up or write you a mail, and fix up an appointment to understand your requirements and advise you on necessary documents required for the loan. Post receiving the documents the file will be processed.
After a thorough understanding of the proposed project, necessary due diligence and loan eligibility calculation, school loan would be approved in principle
Upon client’s acceptance for the approved loan amount and along with completion of disbursement documentation, the loan would be disbursed
This can include everything from constructing a new building, renovating and repairing existing structures, expanding the premises, or anything else along the same lines. We will help you in your journey to make learning more accessible for all!
Apply for a school loan for construction and avail of up to 2 crores of school funding for larger school projects
Payback in easy monthly installments up to 6 years
Enjoy convenient and doorstep service
A dedicated relationship manager will take care of your needs
A wide range of collaterals are accepted for the loan
Relevant business financial documents
Proof of business: Incorporation or registration certificate
Bank account statements of up to 12 months
Depending on the type of loan, collateral documents may be required
Varthana is India’s largest specialised school finance company. We make quality education accessible in a simple and affordable manner.
We operate in 15 states and are recognised as one of the top school loan companies in India, having assisted over 4000 private schools to date.
Our best school loans are flexible to meet the needs of private schools
We also offer academic and management support designed for individual schools
No. You cannot get a loan for constructing a new school.
The minimum 3 years of existence of school is required to avail any school loans from Varthana.
Yes, we are one of the best loan for school construction providers in Haryana. Varthana also takes pride in providing loans for schools in Himachal Pradesh, Uttarakhand, Karnataka, Punjab, Rajasthan, Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, Telangana, Andhra Pradesh, Odisha, Chhattisgarh, Madhya Pradesh, Uttar Pradesh
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.
The loan for school construction amount 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).
The rate of interest is calculated using an array of factors such as loan amount requested, type of school loan, collateral type offered, loan tenure chosen, the future cash inflow of the school, loan repayment history, and so on.