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College Loan

• Loan upto 200% of Property value
• Maximum Tenure 10 years
• Doorstep assistances provided
Enquiry Form
College Loan
Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month)
Bank Name Min Interest Rate
₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by College Loans Eligibility Criteria?

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.

College loans Eligibility Criteria

There are few eligibility criteria you are required to have a look before applying for loan -

  • • Applicant should be in-between 25 –65 years
  • • Minimum 3 year of business vintage
  • • Minimum annually total collected fee from student should be above 75lakh
  • • Background of promoter should be good
  • • College should be owned by the applicant
  • • Must have good credit history
  • • Applicant must be resident of India

What are the factors generally affecting College Loans Eligibility Criteria?

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.

What are the ways to increase College loans eligibility?

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.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. POLLUTION CERTIFICATE
  2. CMA DATA
  3. MACHINE QUOTATION
  4. PAN CARD COPY
  5. AADHAR CARD + PASSPORT
  6. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  7. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  8. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  9. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  10. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  11. PROJECTED FINANCIAL
  12. PROJECT FEASIBILITY REPORT
  13. ISO CERTIFICATE & MSME CERTIFICATE
  14. POLLUTION CERTIFICATE
  15. CMA DATA
  16. MACHINE QUOTATION
  17. BUILDING CONSTRUCTION ESTIMATE
  18. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PAN CARD CLEAR COPY PROPRIETOR
  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  3. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  4. PAN CARD CLEAR COPY PROPRIETOR
  5. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  6. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  7. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  8. LAST 1 YEAR GST RETURN COPY
  9. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  10. PROVISIONAL FINANCIAL AY 2019-20
  11. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  12. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  13. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  16. PROJECTED FINANCIAL
  17. PROJECT FEASIBILITY REPORT
  1. PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST RETURN LAST 1 YEARS
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  16. PROJECTED FINANCIAL
  17. PROJECT FEASIBILITY REPORT
  18. COMPANY PROFILE & MANAGEMENT PROFILE
  19. ISO CERTIFICATE & MSME CERTIFICATE
  20. POLLUTION CETIFICATE
  21. CMA DATA
  22. MACHINE QUOTATION
  23. BUILDING ONSTRUCTION ESTIMATE
  1. PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  16. PROJECTED FEASIBILITY REPORT
  17. COMPANY PROFILE & MSME CERTIFICATE
  18. POLLUTION CERTIFICATE
  19. CMA DATA
  20. MACHINE QUOTATION
  21. BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions

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?

  • Processing fee
  • Part-prepayment charges
  • Stamp duty
  • Late interest penalty.

What are the benefits of College Loan?

  • Get loan up to 70%-85% of project cost
  • Flexible tenure facility
  • Minimal paperwork
  •  Simplified document processing

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?

  • Purchase of Land & Building for Colleges.
  • Construction and renovation of new collage and existing infrastructure
  • Purchase of Furniture & Equipment's for collage

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.

Related Topics

credit-report
business Credit Report
Improve Credit Report
Get Financial Statement

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