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IB Vidhya Mandir
EligibilityReputed Educational institutions

Amount of LoanMaximum Rs.300.00 lacs
MarginUpto Rs.2.00 lacs - Nil

Above Rs.2.00 lacs - *Equipments 10% --*Building 25% (land should be owned)
Interest RatesPlease see the interest rate link on the home page
RepaymentMaximum 120 months including moratorium period
SecurityUp to Rs.2 lakhs :

Personal guarantee of Promoters

For above Rs.2 lakhs :

EM of school Building /other collateral securities

Salient FeaturesTo finance construction of pucca building with reinforced Cement Concrete (RCC) roofing or upgradation of thatched roofing of school buildings with alternatives like asbestos cement sheets, fibre glass, GI sheets, red mud plastic sheet , Acquisition of all the equipments (Project cost may include cost of security equipment / fire alarm / fire extinguisher etc.)
 
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