EuroKids partners with SBI to offer collateral free loans to franchise partners

Under the partnership, EuroKids and SBI will offer a collateral free loan, with tenure of up to five years and a moratorium period of three months for payment of the Principal and the Interest.

Updated: Sep 15, 2016, 16:38 PM IST
EuroKids partners with SBI to offer collateral free loans to franchise partners

Zee Media Bureau

New Delhi: In an initiative that will ease the entrepreneurial journey in franchise business, EuroKids International, India’s NextGen Pre-schools, announced its collaboration with the State Bank of India (SBI) to offer collateral free loans to prospective and existing Pre-School partners. The business loans will also offer interest rate concessions for women franchise partners.

Under the partnership, EuroKids and SBI will offer a collateral free loan, with tenure of up to five years and a moratorium period of three months for payment of the Principal and the Interest.

EuroKids International Co-Founder and CEO Prajodh Rajan said, “With a host of benefits, this unique initiative paves the way in increasing the attractiveness of establishing EuroKids Pre-School franchise. Our partnership with the State Bank of India is a step towards providing financial support to encourage entrepreneurs, especially from small towns in setting up and scaling their business. The special rate concessions for women franchise partners will encourage them to pursue their entrepreneurial interests with greater enthusiasm.”