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School Loan @12.50% Onwards

• Loan upto 200% of Property value
• Maximum Tenure 10 years
• Doorstep assistances provided
Enquiry Form
School 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 School loans Eligibility Criteria?

Generally, most of you know running a school is not that much easy whether it's a private or government school, 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.

School 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
  • • School should be owned by the applicant
  • • Must have good credit history
  • • Applicant must be resident of India

What are the factors generally affecting School loans Eligibility Criteria?

There are Top factors that generally affects School 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 school 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 School loans eligibility?

To increase School 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. PAN CARD COPY
  2. AADHAR CARD + PASSPORT
  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  5. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  9. PROJECTED FINANCIAL
  10. PROJECT FEASIBILITY REPORT
  11. COMPANY PROFILE & MANAGEMENT PROFILE
  12. ISO CERTIFICATE & MSME CERTIFICATE
  13. POLLUTION CERTIFICATE
  14. CMA DATA
  15. MACHINE QUOTATION
  16. BUILDING CONSTRUCTION ESTIMATE
  17. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PAN CARD CLEAR COPY PROPRIETOR
  2. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  3. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  4. LAST 1 YEAR GST RETURN COPY
  5. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  6. PROVISIONAL FINANCIAL AY 2019-20
  7. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  8. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  9. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  10. AGREEMENT TO SELL COPY
  11. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  12. PROJECTED FINANCIAL
  13. PROJECT FEASIBILITY REPORT
  14. COMPANY PROFILE & MANAGEMENT PROFILE
  15. ISO CERTIFICATE & MSME CERTIFICATE
  16. POLLUTION CERTIFICATE
  17. CMA DATA
  18. MACHINE QUOTATION
  19. BUILDING CONSTRUCTION ESTIMATE
  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 School Loan?

School Loan are provided for the construction and renovation of schools to improve educational infrastructure.

What are the benefits of School Loan?

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

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.

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 loans is above 750, But some may also accept less than 750 scores depending on various factors.

What are the other charges applicable in school loan?

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

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 the current interest rate of School Loan?

School Loan Interest Rate starting @14.00% onwards.

Related Topics

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