Ovington Finance | School Finance

About School Finance

OFPL is a pioneer in funding infrastructural requirements of Schools & Colleges and has been funding the loan requirements of schools and colleges. Because we are funding the education segment exclusively, we understand your funding requirements better.

Buildings, facilities, quality of teachers, teaching methodology and goodwill of School & college are the main criteria for any parent & students to decide on admission. OFPL provides you a loan facility to improve your infrastructure to meet growing expectations and requirements of Students, Parents and Regulatory Authorities.

  • Secured loans up to Rs 30 lacs. Higher loan amount available for longer tenure and at attractive rates.
  • Quick and hassle free loan with speedy approvals. Flexible loan eligibility for businessmen.

  • EMI options up to 84 Months. Wide range of acceptable collaterals.
  • Construction of Building. Renovation of Building and existing infrastructure.

  • Loan to Value (LTV) of up to 60% of market value of collateral.
  • Purchase of Furniture & Equipment’s. Purchase of Hardware and Software contents. Easy repayment by Equated Monthly Instalments.

  • Loan disbursement through NEFT/RTGS. Excellent debt consolidation tool. Take-over of existing loan with additional finance.
  • Balance transfer of your existing loan liabilities. Ease of repayment through flexible loan tenure.

  • Apply for loan

    School Finance Benefits

    Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

  • Capacity expansion - additional class rooms, new Institute property, etc.
  • Ovington Finance offers you loan against property for your purchase of Institute equipment such as benches, desk, water coolers, Bus, school van etc

  • Construction of sanitation facilities in the institute.
  • Apply now for school finance for undertaking construction of sanitation facilities in the institute.

  • Teacher Training aids/equipment/facilities/programmers.
  • Get the funds for the expenditure involved in teacher training facilities

  • Library – construction as well as books. Computer labs – construction as well as equipment.
  • Recreation facilities for students.

    Get financing for whatever you need now

    Enquire Now

    Features of School Finance

    We're in business to help your businesses!

    Faster Loan

    Quick and hassle free loans with speedy approvals.

    Choose your amount

    Loan amount ranging from Rs. 2 lacs to Rs. 30 Lacs. Loans available against residential as well as commercial properties.

    Enjoy the best rates

    Personalized Doorstep Service. Higher loan amount available for longer tenure and at attractive rates.

    Decide your tenure

    Funds all your needs such as expansion of existing business, purchase of property, etc. Ease of repayment through flexible loan tenure.

    School Finance - Eligibility

    Loans can be applied by individuals, either solely or jointly. Owners of the property, in respect of which the loan is being sought, will have to be co-applicants. However, the co-applicants need not be co-owners. Specific eligibility criteria are as follows:

    For self-employed professionals, non-professionals, Proprietorship/Partnership firms and Companies: Specific eligibility criteria are as follows:

    • Minimum annual income should be Rs. 1.44 lac as per the P&L.
    • Minimum 21 years of age.
    • Maximum 65 years of age at the time of loan maturity.
    • Firm/company should have been in operation for the last 3 years.
    • Firm/company should be making cash profits for the last two years.

    For self-employed professionals/non-professionals following documents are required:

    • Duly filled Application Form with Photograph.
    • Your Proof of Identity –Passport/ Voter's Card / Driving License / Aadhar/ PAN Card will do.
    • Your Proof of Residence – Any of the above if it contains the address, Utility Bills such as electricity, water and landline telephone bills with address thereon will do.
    • Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority).
    • Education Qualifications – Latest Degree (for professionals).
    • Certificate & Proof of business existence along with brief Business Profile.
    • Certified Financial Statement for the last 3 years.
    • Last 12 months Bank Account Statements (self &business).
    • Proposal Login Charges Cheque in favour of Ovington Finance Private Limited.
    • Photocopy of Title Documents of the Property.
    • Copies of all Property Documents, Approved Plan etc. of the concerned property that you chose to mortgage for the loan.

    Get a Quote

    Now apply for Loan Against Property online, All you need to do is provide your details below application form.

    New Customers

    If you do not have an existing account with Ovington Finance, you can apply online through our secure online application.

    Existing Customers

    If you already hold an account or product with Ovington Finance, you can login and update your loan application status.