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LOAN TO EDUCATIONAL INSTITUTIONS


Eligibility: Well established Educational Institutions with regular source of income and good reputation and recognized by the govt/board/university for purchase of land, for expansion, renovation/extension of building, purchase of computer/laboratory equipments etc

Loan Amount: Minimum Rs 1 million, Maximum Rs 10 million

Security: Hypo/mortgage of assets created from bank funds Personal guarantee of the promoter Fixed charge on the land and building of the institution/guarantor Assignment of grant payable by the relevant authority

Repayment: Not to exceed 84 months