Construction/Renovation/Repair of building. Approval for construction/addition/alteration from all the concerned authorities must be in place for considering the credit facility.
Educational institutions i.e Universities, Colleges and Schools
Nature of facility
Quantum of loan
Minimum Rs. 10 lakhs, maximum Rs. 500 lakhs
- Hypothecation of assets, if loan is considered for machineries/equipments
- Mortgage of land & building over which construction is proposed
Suitable collateral to be obtained so that minimum Asset Cover of 1.50 is available. Guarantee of key person/promoter/trustee must be taken