Project Loans

School Loan
Onward 7.50%.

A School Loan is a financial facility provided for school construction, classroom expansion, furniture, computer labs, school buses, and other educational infrastructure. It helps in starting a new school or upgrading an existing one easily. The loan can be repaid in flexible EMIs over a suitable repayment period.

Application

Please provide your school project and financial details for quick loan assessment.

School Loan Eligibility Criteria

Understand the complete eligibility structure for school loans, including annual fee collection, business vintage, credit profile, and promoter background.

What do you mean by School Loans Eligibility Criteria?

Running a school requires continuous investment in infrastructure, technology, renovation, furniture, and other educational facilities. School loans help institutions manage these expenses without affecting regular cash flow.


Whether it is a private or government school, financial support helps improve educational quality and maintain smooth operations over time.


Before applying for a school loan, applicants should ensure they meet lender requirements related to income, school ownership, business continuity, and credit history.

School Loan Eligibility Criteria

  • Applicant Age Should be Between 25 to 65 Years
  • Minimum 3 Years Business Vintage Required
  • Minimum Annual Fee Collection Should be Above ₹75 Lakhs
  • Background of Promoter Should be Good
  • School Should be Owned by Applicant
  • Good Credit History Required
  • Applicant Must be Resident of India

Important Loan Information

  • Loan Available for School Infrastructure Development
  • Funding for Building Renovation & Expansion
  • Support for Technology & Smart Classroom Setup
  • Finance for Furniture & Equipment Purchase
  • Balance Transfer Facility Available
  • Flexible Repayment Options Offered

Factors Affecting School Loan Eligibility

Existing Debts

Existing loan liabilities and ongoing EMI payments reduce repayment capacity and may lower overall loan eligibility.

Low Fee Collection

If annual school fee collection is below ₹75 Lakhs, the chances of loan approval may reduce significantly.

Weak Credit Profile

Poor repayment history, delayed EMIs, or loan defaults negatively impact lender confidence during evaluation.

Insufficient Business Vintage

Schools with less operational history may face difficulty because lenders prefer stable and experienced institutions.

Ways to Increase School Loan Eligibility

Required Documents

Documents Required for School Loan Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • PAN Card Copy
  • Aadhaar 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

Prop Firm

Business Applicant
  • 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

Partnership Firm

Partnership Business
  • Partners
  • PAN Card - Company, All Partners
  • Address Proof - All Partners (Passport, Voter ID, PAN Card, Aadhaar)
  • Firm Address Proof - Latest Any Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • GST Return Last 1 Years
  • 3 Year Company ITR Copy, P/L A/C, Balance Sheet + Audit Report 3CB 3CD, All Annexures, 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 Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate

Pvt. Ltd.

Corporate Applicant
  • Photograph
  • Clear PAN Card - Company and All Directors
  • Address Proof – Company and Directors
  • List of Director & Share Holder with CA Certified as on Date
  • Memorandum 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 Construction Estimate
EMI Calculator

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Instantly estimate your monthly EMI, total interest payable, and total repayment amount for your Loan Against Property application.

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