What is the current Interest Rate of School Loan?
School Loan Interest Rate starting @14.00% onwards.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
7.50%
|
1%
|
1500
|
120
|
|
|
8.40%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
|
7.80%
|
1%
|
1500
|
120
|
|
|
7.90%
|
1%
|
1000
|
120
|
|
|
7.50%
|
1%
|
1000
|
120
|
|
|
7.50%
|
1%
|
1500
|
120
|
|
|
7.80%
|
1%
|
1500
|
120
|
|
|
7.80%
|
1%
|
1500
|
120
|
|
|
7.75%
|
1%
|
1000
|
120
|
|
|
7.50%
|
1%
|
1500
|
120
|
|
|
7.70%
|
1%
|
1500
|
120
|
|
.png)
|
7.90%
|
1%
|
1000
|
120
|
|
|
7.80%
|
1%
|
1000
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1000
|
120
|
|
|
8.75%
|
1%
|
1000
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.95%
|
1%
|
1000
|
120
|
|
.png)
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.60%
|
1%
|
1000
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
7.50% |
|
|
|
8.40% |
|
|
|
8.00% |
|
|
|
7.80% |
|
|
|
7.90% |
|
|
|
7.50% |
|
|
|
7.50% |
|
|
|
7.80% |
|
|
|
7.80% |
|
|
|
7.75% |
|
|
|
7.50% |
|
|
|
7.70% |
|
|
|
7.90% |
|
|
|
7.80% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.75% |
|
|
|
8.90% |
|
|
|
8.90% |
|
|
|
8.95% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.60% |
|
|
|
8.75% |
|
|
|
8.75% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.90% |
|
Cold storage is generally utilized to store products like meat & dairy products as different type of products requires different type of storage temperature wherein this type of storage plays a crucial role in the entire food chain process. It helps the daily used products to be usable for longer periods of time.
There are few eligibility criteria you are required to have a look before applying for loan -
Note: - You can avail up to 80% of project cost as a loan amount.
There are Top factors that generally affects loan Eligibility Criteria as given below-
CIBIL Score: - Firstly, Lenders check your CIBIL Score to know your past financial & transaction history to evaluate how capable you are at repaying loan or managing transaction. If your CIBIL Score is below 750, then it's likely that you are not eligible to apply for a Home Loan, but if its above 750 you can easily apply & get a Home Loan at competitive rates.
Previous loan defaults: - If you ever applied for loan from other financial institution & due to any reason your loan application gets rejected then probably it will lower your eligibility.
Business loss on recent year: -Business loss on recent year: - Lender will check whether your last 3 years of business is on profits or loss, if it's on loss wherein your chances of getting loan lowers.
To increase Cold Storage loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Maintain good credit report: - To increase your eligibility you must maintain good credit report by always making payments on time, avoid taking multiple credit cards as it will help you to increase your eligibility.
Recover existing loan: - Lender will check whether you have any existing ongoing loan, if yes then make sure to you close it earlier before applying for loan.
What is the current Interest Rate of School Loan?
School Loan Interest Rate starting @14.00% onwards.
How to apply for School Loan?
Choose your ideal banking partner, once chosen fill the enquiry form through their official website or visit nearest branch to further information.
What is School Loan?
School Loan are provided for the construction and renovation of schools to improve educational infrastructure.
What are the other charges applicable in School Loan?
How much School Loan can I get?
You can take School Loan minimum 50,000 to 2 crores as a maximum loan amount.
Which bank provide the School Loan?
Almost all Government Banks provide School Loan for the construction and renovation of Private Schools. Get loan at attractive Interest Rates.
How much cibil score required for School Loan?
Minimum cibil score required for the School Loan is above 750, But some may also accept less than 750 scores depending on various factors.
What are the benefits of School Loan?
What will be the necessary documents required to apply for School Loan?
Submit Application attach necessary documents, KYC documents. Copy of affiliation certificates of the school.
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