| Bank Name | Maximum Loan Amount | Monthly EMI ( Principal amount only ) |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Bank of Baroda
|
8.50% | 1% | 1500 | 120 |
|
|
Bank of India
|
8.90% | 1% | 1500 | 120 |
|
|
Bank of Maharashtra
|
8.75% | 1% | 1500 | 120 |
|
|
Canara Bank
|
8.80% | 1% | 1500 | 120 |
|
|
Central Bank of India
|
8.90% | 1% | 1500 | 120 |
|
|
Indian Bank
|
8.90% | 1% | 1500 | 120 |
|
|
Indian Overseas Bank
|
8.50% | 1% | 1000 | 120 |
|
|
Karnataka Bank Ltd.
|
8.80% | 1% | 1500 | 120 |
|
|
Punjab & Sind Bank
|
8.92% | 1% | 1000 | 120 |
|
|
Punjab National Bank
|
8.75% | 1% | 1500 | 120 |
|
|
State Bank of India
|
8.50% | 1% | 1500 | 120 |
|
|
UCO Bank
|
8.50% | 1% | 1000 | 120 |
|
|
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Union Bank of India
|
8.75% | 1% | 1500 | 120 |
|
|
United Bank of India
|
8.70% | 1% | 1500 | 120 |
|
|
Axis Bank Ltd.
|
8.00% | 1% | 1500 | 120 |
|
|
Bandhan Bank Ltd.
|
8.10% | 1% | 1500 | 120 |
|
|
City Union Bank Ltd.
|
8.20% | 1% | 1000 | 120 |
|
|
DCB Bank Ltd.
|
8.20% | 1% | 1000 | 120 |
|
|
Digibank (DBS)
|
8.00% | 1% | 1500 | 120 |
|
|
Federal Bank Ltd.
|
8.00% | 1% | 1500 | 120 |
|
|
HDFC Bank Ltd
|
8.00% | 1% | 1500 | 120 |
|
|
.png)
ICICI Bank Ltd.
|
8.50% | 1% | 1000 | 120 |
|
|
IDFC First Bank
|
8.50% | 1% | 1500 | 120 |
|
|
IndusInd Bank
|
8.50% | 1% | 1500 | 120 |
|
|
Kotak Mahindra Bank
|
8.20% | 1% | 1500 | 120 |
|
|
RBL Bank Ltd.
|
8.10% | 1% | 1000 | 120 |
|
|
South Indian Bank Ltd.
|
8.00% | 1% | 1500 | 120 |
|
|
YES Bank Ltd.
|
8.50% | 1% | 100 | 120 |
|
|
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 CriteriaThere are few eligibility criteria you are required to have a look before applying for loan -
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.
PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PAN CARD CLEAR COPY PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL.
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CETIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING ONSTRUCTION ESTIMATE
PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
ADDRESS PROOF – COMPANY AND DIRECTORS.
LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
PROJECTED FEASIBILITY REPORT
COMPANY PROFILE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCATION ESTIMATE
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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School Loan are provided for the construction and renovation of schools to improve educational infrastructure.
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Submit Application attach necessary documents, KYC documents. Copy of affiliation certificates of the school.
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You can take School Loan minimum 50,000 to 2 crores as a maximum loan amount.
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Almost all Government Banks provide School Loan for the construction and renovation of private schools. Get loan at attractive Interest Rates.
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Minimum cibil score required for the school loans is above 750, But some may also accept less than 750 scores depending on various factors.
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Choose your ideal banking partner, once chosen fill the enquiry form through their official website or visit nearest branch to further information.
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School Loan Interest Rate starting @14.00% onwards.
CA Vikas Jain - Our Mentor
9863-02-02-02