An innocent mischievous thought traveling in Chinese whispers…….a flying paper rocket falling at your feet……..high pitched pleas to go to the toilet……..a row of tiffin boxes cluttering the passage awaiting recess…….and amidst this all, the coarse feel of chalk on your hands and the satisfaction of a lesson well delivered.


Can any place be better than the classroom? Not for you. However, for you as a school leader, larger responsibilities beckon. You can no longer limit yourself to just the classroom, the whole school needs you. The parents are demanding a better building, the children need better benches, the neighbouring school has just installed computers and you have this dream of computer aided smart classes for every section.


At ISFC, we understand the challenges you face and recognize how important your work is. The least we can do is to provide you with a key resource to help you address your challenges – Money.


So, go ahead and dream big. Make the school so great that it will make everyone proud of you. And leave the money worries to ISFC. We have just the right financial products for your school:

1 Term Loan (Secured)
2 Xpress Loan (Unsecured)
3 Short Term Loan (STL)
4 Loan eligibility criteria for school
5 Documentation requirements
 
1 Term Loan (Secured)
 
  • Loan Amount : 5 Lacs and above
  • Tenor: 12 months to 60 months
  • For undertaking large projects for school improvement like construction, purchasing computers, benches, library, labs, etc
  • Secured by property
  • Student count more than 400
  • Repayment mode: EMI based Payments
  • Recognized till class 10

2 Xpress Loan (Unsecured)
 
  • Loan Amount: 1 Lac to 4 Lacs
  • Minor projects, upgrading school infrastructure, renovation, etc
  • Tenor: 6 to 60 months
  • Repayment mode: EMI based Payments
  • Processing Time – 2-3 working days
  • Minimum Student count in school should be 300
  • Recognition till at least Class 7

3 Short Term Loan (STL)
 
  • Loan Amount: Based on requirement
  • Tenor: 1 to 6 months
  • Repayment mode: Bullet payment of principal at end of tenor and monthly interest payment

4 Loan eligibility criteria for school
  We will screen our target market by using the following key filters as qualifiers for school loans :
 
  • Government Recognition.

  • Minimum 3 years of school operation.

  • School fees per month in the Rs.250-600 range.

  • Minimum enrollment of 400 students per school.

  • Three years of 80% or higher Standard 10th pass rate.

  • Fees currently sufficient to cover operating cost.

5 Documentation requirements
  ISFC will review the following documents. If complete, the loan approval will take between 7 to 10 working days for Secured Term Loans and 2 to 3 working days for Xpress Loans.
 
  • Project report outlining the intended use of funds
  • Details of number of students and fee collections
  • Bank Statements
  • Photo ID and signature proof
  • Address proof of school owner
  • School Recognition Certificate
  • Society Registration Certificate
  • Society By laws
  • Security Document
  • Any records of prior loans
  • Quotations /Estimates from vendors