• 9863020202    
  • contact@financeseva.in

Education Institution loan

• Get loan upto 5 Crore
• Special loan for education provider
• Purchase, construct or renovate your institutional
Enquiry Form
Education Institution loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum 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 Education Institution Loan Eligibility Criteria?

Education institution loan is one such facility specially designed for enhancing opportunities to education & teaching institutions whether it’s an institute teaching nursery or professional course in terms of supporting their working capital & operational costs. It provides you the flexibility of both secured & unsecured.

Education Institution Loan Eligibility Criteria

Usually, Education Institution Loan Eligibility Criteria depends on various factors like applicant age, business income, institution course type & residency. Etc.

  • • Age Limit of applicant – 23 to 60 years of age
  • • Type of education institute should match the criteria
  • • Minimum 3 years of business continuity
  • • Latest 1 year ITR must be filed
  • • Nationality - Resident of Indian

What are the factors generally affecting Education Institution Loan Eligibility Criteria?

There are few factors that generally affects Education Institution Loan Eligibility Criteria as given below: -

Applicant Age: - Usually, applicant age matters when he/she apply for Education Institution loan. Applicant should not be below 23 years of age & above 60 years of age.

University & Institute: - Another factor that affect Education Institution loan eligibility criteria is type of education Institute is providing for student. It is significant to be a reputed & accredited educational board to avail Education Institution loan.

What are the ways to increase Education Institution loan eligibility?

To increase Education Institution loan eligibility, you need to consider few 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, it will enhance your chances.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PROJECTED FINANCIAL
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. PROJECTED FINANCIAL
  11. PROJECT FEASIBILITY REPORT
  12. COMPANY PROFILE & MANAGEMENT PROFILE
  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. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  14. PROJECTED FINANCIAL
  15. COMPANY PROFILE & MANAGEMENT PROFILE
  16. ISO CERTIFICATE & MSME CERTIFICATE
  17. POLLUTION CERTIFICATE
  18. CMA DATA
  19. MACHINE QUOTATION
  20. BUILDING CONSTRUCTION ESTIMATE
  1. ALL DIRECTORS 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
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  17. PROJECTED FEASIBILITY REPORT
  18. COMPANY PROFILE & MSME CERTIFICATE
  19. POLLUTION CERTIFICATE
  20. CMA DATA
  21. MACHINE QUOTATION
  22. BUILDING CONSTRUCATION ESTIMATE
  23. ALL DIRECTORS PHOTOGRAPH
  24. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  25. ADDRESS PROOF – COMPANY AND DIRECTORS.
  26. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  27. MEMORANDOM
  28. ORDER IN HAND AND COMPLETE COPY (if applicable)
  29. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  30. 1 YEAR GST RETURNS
  31. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  32. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  33. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  34. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  35. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  36. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  37. AGREEMENT TO SELL COPY
  38. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  39. PROJECTED FEASIBILITY REPORT
  40. COMPANY PROFILE & MSME CERTIFICATE
  41. POLLUTION CERTIFICATE
  42. CMA DATA
  43. MACHINE QUOTATION
  44. BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions

What is educational & institutional loan?

This credit facility is providing for constructing and renovation of education institute.

What is the purpose of educational & institutional loan?

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

How much educational & institutional loan can I get?

You can get up to 50000 to 2 crores as an educational & institutional loan.

How I can apply for educational & institutional loan?

Firstly, choose your ideal bank then fill the enquiry form through their official website or visit nearest branch to gathering information.

What are the benefits of educational & institutional loan?

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

What is the current interest rate of educational & institutional loan?

Educational & institutional loan interest rate starting @14.00% onwards.

What are the other charges applicable in educational & institutional loan?

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

Which bank provide the educational & institutional loan?

Almost all government banks provide educational & institutional loans for the construction and renovation of education institute. you can get loan from any government bank at attractive interest rates.

How much cibil score required for educational & institutional loan?

Minimum cibil score required for the educational & institutional loans is above 750, But sometimes also accept less than 750 scores depending on various factor.

Related Topics

  • EDUCATION INSTITUTION LOAN BY BANKS

  • EDUCATION INSTITUTION BLOGS

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

Join our Network of Happy Customer

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More
CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

If you want me & my team at financeseva to help you in getting Best Financial Services, Just Book a Free Call