National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

IB Vidhya Mandir

IB Vidhya Mandir

Target Group

Reputed Educational Institutions

Purpose

  • Construction of Pucca building with reinforced Cement Concrete (RCC) Roofing.
  • Purchase of equipments.

Nature of Facility

TERM LOAN

Amount of Loan

Maximum Rs.3.00 Crore

Margin (Promoter’s Contribution)

NIL upto Rs.2 Lakhs

Above Rs.2 Lakhs:

  • 10% on Cost of Equipments.
  • 25% on Estimated cost of construction of building

Repayment Period

Maximum:120 months including moratorium period

Security

  • Upto Rs.2 Lakhs – Hypothecation of assets purchased out of loan

                                           Personal Guarantee of Promoters

  • Above Rs.2 Lakhs – Equitable Mortgage of school building and / or other properties *

*Subject to conditions

Service Charges

Please refer home page for Service Charges

Interest Rates

Please refer home page for latest interest rates.

( Last modified on May 20, 2019 at 04:05:10 PM )