What is the current Interest Rate of College Loan?
College Loan Interest Rate starting @14.00% onwards.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.60%
|
1%
|
1000
|
120
|
|
|
8.00%
|
1%
|
1500
|
12
|
|
|
8.10%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1000
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
|
8.80%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
.png)
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.00%
|
2%
|
1500
|
12
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.40%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.25%
|
1%
|
1500
|
12
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
.png)
|
8.75%
|
1%
|
1000
|
120
|
|
|
8.95%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1000
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.60% |
|
|
|
8.00% |
|
|
|
8.10% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.90% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.80% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.00% |
|
|
|
8.00% |
|
|
|
8.40% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.25% |
|
|
|
8.00% |
|
|
|
8.00% |
|
|
|
8.75% |
|
|
|
8.95% |
|
|
|
8.00% |
|
|
|
8.75% |
|
|
|
8.00% |
|
|
|
8.90% |
|
|
|
8.00% |
|
Generally, most of you know running a college is not that much easy whether it's a private or government college, each school require new technology, renovation, infrastructure changes over a specific period of time & such other things. Wherein school loans help to make it happen without effecting regular cash flow management.
There are few eligibility criteria you are required to have a look before applying for loan -
There are Top factors that generally affects College loans Eligibility Criteria as given below-
Existing Debts: - Lender review your loan application to check whether you pay any interest to existing loan, if yes then obviously it lowers the income ratio as well as the loan eligibility.
Low fee collection: - As stated in criteria minimum college annual total fee collection should be above 75 lakhs. Therefore, if you were unable to match the criteria you lower the chances.
To increase College loans eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Track your credit record: - One of the major point lenders consider is your credit score to know your creditworthiness. Hence, always track your credit record whether you missed or not paid any payment as by doing this let your eligibility increased.
What is the current Interest Rate of College Loan?
College Loan Interest Rate starting @14.00% onwards.
What are the other charges applicable in College Loan?
What are the benefits of College Loan?
How I can apply for College Loan?
Firstly, choose your ideal bank then fill the enquiry form through their official website or visit nearest branch to gathering information.
What is College Loan?
This credit facility is providing for constructing and renovation of collage.
What is the purpose of College Loan?
What is the necessary document required to apply College Loan?
Firstly, fill the Application form, attach KYC Documents, identity documents of applicant and co applicant.
How much College Loan can I get?
You can get up to 50000 to 2 crores as a College Loan.
Which bank provide the College Loan?
Almost all Government Banks provide College Loan for the construction and renovation of college. you can get loan from any Government Bank at attractive Interest Rates.
How much cibil score required for College Loan?
Minimum cibil score required for the college loans is above 750, But sometimes also accept less than 750 scores depending on various factor.
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