For a country to prosper and develop, it is imperative that it has good educational institutes. Individuals looking to create such institutes may often face one obstacle when going ahead with their dream

1. 5 FAQS RELATED TO AN EDUCATION
INFRASTRUCTURE LOAN

2. For a country to prosper and develop, it is imperative that it has good
educational institutes. Individuals looking to create such institutes may
often face one obstacle when going ahead with their dream: finances.
The silver lining here is that there are many ways to fund your
educational entrepreneurship dreams and one of the best ways is to opt
for an education infrastructure loan. Many people may not be
completely aware of what this loan means and what does it exactly offer.
Let’s give answers to some common questions related to education
infrastructure loans in this article.

3. What is an education infrastructure loan?
An education infrastructure loan is a type of loan that provides finances
to individuals looking to build an educational institute. Such a loan takes
care of the finances attached to such an event. The borrower can begin
on the repayment as per the terms laid out by the lender in the loan
agreement.

4. What is the difference between an education
infrastructure loan and an education institution
loan?
An education infrastructure loan is a type of education institution loan.
The latter type of loan provides funds to educational entrepreneurs
looking to build institutes of their own. However, this type of loan is
categorized into different types such as loan refinancing, construction
loans, and land loans. These loans focus on specific aspects or
stages of building a school or a college and provide funding
accordingly while education infrastructure loans focus on
infrastructure-related expenses only.

5. Who can take an education infrastructure loan?
An education infrastructure loan can be taken by an individual, trust or a
recognized institution. Though the eligibility criteria may differ from lender to
lender, you can expect the following points to be required generally:
• The school should be recognized by the relevant state or central governments
or other recognized boards.
• The school should have a solid operational income and committed
management.
• The organization should have a good repayment track of the previously taken
loans
• The school should be at least 3 years old

6. What kinds of expenses are covered under an
education infrastructure loan?
When you take an education infrastructure loan, you get
coverage for the following expenses:
• Up gradation and expansion of your school campus/wings/
institution in general
• Integration of new and innovative tools and resources such as
introducing advanced learning methodologies to the students
• Purchase and facilitation of books and periodicals
• Renovation of the current infrastructure of the
school/college/educational institute

7. What are the documents one needs to provide for
an education infrastructure loan?
The documentation required for an education infrastructure loan differs from one lender to
another. The general list is as follows:
KYC documents:
• Proof of residence
• Proof of identification
• Proof of age
• Business address
• Signature verification
Constitution documents:
• By-laws of society/trust deed
• Registration details
Financial documents:
• Bank statements for the last 12 months for the entity from the transactional account
• Bank statements for the last 6 months for all co-applicants including nonfinancial applicants

8. WE HOPE THIS ARTICLE WAS
HELPFUL TO YOU.

9. You can find more interesting things on these sites mentioned below :-
Website:
https://www.auxilo.com/
Facebook:
https://www.facebook.com/AuxiloFinserve/
Twitter:
https://twitter.com/AuxiloFinserve
Youtube :
https://www.youtube.com/channel/UClc_BEIN262Fm5eY_8sPA5w?view_as=subscriber
Instagram:
https://www.instagram.com/auxilofinserve/