What is School Loan?
School Loan are provided for the construction and renovation of schools to improve educational infrastructure.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.80%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1000
|
120
|
|
|
8.80%
|
1%
|
1500
|
120
|
|
|
8.92%
|
1%
|
1000
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1000
|
120
|
|
.png)
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.70%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.10%
|
1%
|
1500
|
120
|
|
|
8.20%
|
1%
|
1000
|
120
|
|
|
8.20%
|
1%
|
1000
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
.png)
|
8.50%
|
1%
|
1000
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.20%
|
1%
|
1500
|
120
|
|
|
8.10%
|
1%
|
1000
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
100
|
120
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8.50% |
|
|
|
8.90% |
|
|
|
8.75% |
|
|
|
8.80% |
|
|
|
8.90% |
|
|
|
8.90% |
|
|
|
8.50% |
|
|
|
8.80% |
|
|
|
8.92% |
|
|
|
8.75% |
|
|
|
8.50% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.70% |
|
|
|
8.00% |
|
|
|
8.10% |
|
|
|
8.20% |
|
|
|
8.20% |
|
|
|
8.00% |
|
|
|
8.00% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.50% |
|
|
|
8.50% |
|
|
|
8.20% |
|
|
|
8.10% |
|
|
|
8.00% |
|
|
|
8.50% |
|
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.
There 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.
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.
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?
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?
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.
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