STAR MSME EDUCATION PLUS

Construction/Renovation/Repair of building. Approval for construction/addition/alteration from all the concerned authorities must be in place for considering the credit facility.

Target Group

Educational institutions i.e Universities, Colleges and Schools

Nature of facility

Term Loan

Quantum of loan

Minimum Rs. 10 lakhs, maximum Rs. 500 lakhs

Security

Primary:

• Hypothecation of assets, if loan is considered for machineries/equipments
• Mortgage of land & building over which construction is proposed

Collateral :

Suitable collateral to be obtained so that minimum Asset Cover of 1.50 is available. Guarantee of key person/promoter/trustee must be taken

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

• The institutions must have got necessary approval from Government/Government agencies for running the educational insitutions
• They should submit 3 years audited financial statements
• They should be profit making for continuous 2 years
• New and upcoming educational institutions can also be considered in which projections, both financial and non-financial, must be reasonable and justifiable
• Entry level credit rating is SBS 5. No deviation to be allowed.

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

As applicable

Repayment Period

Term loan to be repaid in maximum 8 years inclusive of initial moratorium of 12 to 18 months. Periodicity of instalment to be determined on the basis of cash flow

Processing & other charges

As applicable

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

*Terms & Conditions apply. For further details, Please contact your Nearest Branch