How to get a loan to start your own educational institute? |
Posted: February 27, 2020 |
Overview of Education Industry in IndiaThe education industry in India is rapidly evolving and growing with more edupreneurs entering the field. India's education segment is forecasted to increase to Rs 2,44,824 crore by the year 2025. Currently, India has around 18,000 colleges, 367 universities, and about half a million teachers. With an increase in initiatives taken by the government, a growing number of students are opting and enrolling themselves for higher education. This implies that there is a need gap for more colleges to cater to this ever-increasing number of students. It should not be surprising that the education sector is not going to collapse ever, which poses excellent business opportunities for edupreneurs. Financing Options for Education IndustryThe willingness and drive to impart knowledge is a moral endeavour, and hence it should not be limited by financial constraints. Earlier, accessing funding from financial providers was challenging. However, with the emergence of NBFCs, this is not the case anymore. One such name is Clix Capital that provides the perfect solution to meet all the school financing requirements. Loans for new educational institutions from Clix helps to attain funding required to meet capital expansion for school with ease and hassle-free processing. One doesn’t need to worry about the hefty procedure while borrowing funds from financial institutions or delayed completion of school construction. With Clix Capital coming into the foray, it has become easy for private schools to attain loans for school construction, finish the project on time. Eligibility Criteria for a Loan for Educational Business - An individual at least 25 years of age while applying for unsecured K12 loans and under 65 at the end of tenure is eligible. - A trust/society/section 25 company in managing k12 schools with a minimum business vintage of 5-7 years is eligible How to Get a K12 loan?With Clix Capital, applying for a loan is as simple as it could be. All one has to do is go to the website, provide the phone number and click on the feature ‘Apply Now’. After this, an individual will be asked to fill out an application form and later the customer representative will call the applicant for a quick chat. And, the applicant is on its way to secure a loan for private schools from Clix Capital. Loans from financial institution, Clix Capital comes with minimal documentation, convenient repayment options and flexibility of choice. Clix provides both secured and unsecured school financing loans allowing an individual to choose what they’re most comfortable with. Experience and dependability are two real benefits that one can expect from Clix Capital.
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