Private School Loan Companies
Varthana, one of the largest education-focused school loan companies in India, provides customised loans to affordable private schools for infrastructure improvements such as the construction of new buildings or classrooms, the rehabilitation of existing structures, the purchase of land, furniture, computers, lab equipment, or the upgrading of sports facilities.
The desire and motivation to pass on knowledge is a moral endeavour that should not be limited by financial restrictions. By utilising our expertise in the education sector, Varthana brings you closer to modern infrastructure and facilities. And, not just infrastructure, quality of teachers, teaching methodology and reputation of the school are the main criteria for any parent or student considering admission.
There are some of the best private school loan companies available in the market, however, what makes Varthana stand out is that our school loan can be used for 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 learnings more accessible for all!
Varthana Loan: Features and Benefits
Avail of up to 2 crores of school funding for larger school projects
Quick and hassle-free loan with fast approvals
Wide range of acceptable collaterals
EMI options up to 6 years
Construction of a new building, classroom, renovation of existing buildings and existing infrastructure
Purchase of school equipment such as benches, desk, water coolers, bus, school van etc
Furniture and equipment purchases
Funds for the expenditure involved in teacher training facilities
Recreation facilities for students
Doorstep service with Dedicated relationship manager
Process followed by school loan companies in India:
Here’s the process Varthana, one of the largest school loan companies in India, follows:
1. Enquiry
You can enquire about the school 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 you back and address the query within the time period of 4 hours of the business day (Mon-Fri, from 9.30 am to 6.30 pm. We will seek detailed information and assign a dedicated relationship manager to fulfil your school loan needs.
2.Requirement understanding and documentation collection
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. Now sit back and relax!
3. Loan approval
After a thorough understanding of the proposed project, necessary due diligence and loan eligibility calculation, school loan would be approved in principle
4. Loan disbursement
Upon client’s acceptance for the approved loan amount and along with completion of disbursement documentation, the loan would be disbursed
Documents asked by school loan companies
KYC documents
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
Frequently asked questions (FAQs) of school construction loan
Varthana school loans can be used for anything from building a new structure to renovating and repairing existing structures, expanding the premises, or anything else in between. But, you cannot get a loan to open a new school. A minimum of 3 years of existence is required to avail any loans from banks, NBFCs or any other financial institutions.
Depending on the eligibility and creditworthiness of the school. The school loan amount is sanctioned.
Yes, you can use a loan for construction of a new school building or new classrooms.
You can apply for school loans by visiting www.varthana.com and by filling out an enquiry form or reaching us at 080-68455777
The school loan would be approved in principle after a thorough understanding of the proposed project, necessary due diligence, and loan eligibility calculation. The loan would be disbursed upon client acceptance of the approved loan amount and completion of disbursement documentation.
Depending on the eligibility criteria and type of school loan, we have tenures starting from 3-6 years
Varthana is one of the leading school loan companies in India, The whole school loan process takes only 5-7 days.
The school loan payments will be calculated based on the amount of the loan requested. The 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 Electronic National Automated Clearing House (e-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.