Funding For Schools
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Funding For Schools
Funding for schools in India
With the increasing rate of literacy in India, we can see an increasing demand for schools. The demand for schools is spreading due to awareness of the importance of education among the residents at large. Schooling or primary education impart largely on the individual’s life and is also considered an integral part. Thus, school is the very first step in the success of life. We need more and more good and competent schools to spread the social cause of education and to make India 100% literate. Thus, avail funding for schools in India at Financiio Venture to cater this idea.
Funding for schools
Starting a school is not at all an easy task, it has to go through many steps which include land or premises allotment, construction of the building, hiring staff, documentation, etc. To overcome these challenges, funding is provided to improve the infrastructure and to meet the growing expectations of individuals. This facility is obtained through Project Funding or term loans, as per the requirements of the borrower.
Features
Services available for School Funding
The following are the services through which school funding can be undertaken
A) Project Funding
Not only planning is important for starting new projects, but also managing the costs of the project, hence funding is an integral part. Thus, project funding is an appropriate platform for the fulfillment of such finance. For starting a new school, the borrower can opt for project funding. However, the whole project will keep as collateral. And the funds would be disbursed against it. So, it is the most convenient and reliable product where one can obtain funds at a moderate rate of interest.
Benefits
B) Term loan
The existing schools that wish to renovate or expand the existing structure can opt for the term loan. Because, the term loan has fixed EMIs, a fixed amount, and a fixed term. Usually, the rate of interest is also fixed. So, Such loans are available through a secured way of funding and the repayment is flexible and done through EMIs. The period/tenure, repayment, and ROI totally depend upon the requirement and authenticity of the borrower.
