Purpose
- Construction of buildings including expansion, modernization and renovation activities of educational institutions.
- Purchase of instruments for education/training purposes.
- Finance for the purchase of land alone is not permissible. However, if the land cost is included in the total cost of the project, the same can be financed. However, land cost should not be more than 20% of the total project cost and an undertaking to be obtained that building construction will be completed within a period of 2 years.
- OD for short term fund requirements based on cash budget provided the institution is profit making and without any other bank liability.
- Vehicles can be financed as per CV finance product guidelines.
Nature of Facility
- Term loan/overdraft (OD to existing profit making concerns only).
- OD to those with L&B as primary security along with a fee module facility with us.
Credits – BOB ( Bank of Baroda )