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p>School education plays a vital role in child development as it shapes a student’s personality and provides a holistic learning process. Schools provide an enriching environment to every student where they acquire knowledge and skills to grow as a responsible individual. Hence, parents are always inclined to send their children to the best schools. To be the top choice of parents, schools need to offer quality education along with proper infrastructure and facilities to provide holistic academic development.
Therefore, school owners should provide all the essential amenities to enable a great learning experience. Education institution loan is the best solution to help schools establish a robust atmosphere for a student’s overall progress in life.
Judiciously choose the loan tenure
Secured loans can be availed for a longer duration. But it is always advisable to plan your repayment time period. You should remember that interest is higher when you opt for a longer timeframe. You need to check the tenure and discuss it with the lender. Customer-centric organisations will always communicate with you transparently so that you can make informed decisions.
List of documents required
General documents:
Financial Documents:
Procedure followed by financial institutions to process an education institution loan
Repayment options
You should check for all the necessary details related to your loan, including the repayment options available. For most financial institutions, Equated Monthly Instalment (EMI) is usually the only way to pay off your loan. Nonetheless, getting all information for better knowledge and understanding is always advisable.
Hope this article clarifies some of your doubts regarding an education infrastructure loan. Avanse Financial Services provides
customised education institution loan options for renovations and campus development
as the organisation is focused on building quality education infrastructure in India. Please reach out to us for any query or assistance.
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.