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If you have resources and are planning to start a new school, then you might need loans for school construction. Yes, a school loan is sanctioned to someone who is looking to construct or start a new school and has permission from the concerned authorities to do so. This loan can be availed for many purposes including construction/renovation, technological advancement, buying new equipment, and clearing multiple debts. A school loan is available at lower interest rates and the processing is done fast if the eligibility criteria are met.
An auto loan is among the most bought loans across the globe. This type of loan is given for the purchase of a new or second-hand vehicle, i.e., a four-wheeler or a two-wheeler. Both commercial and private vehicles can be bought by taking an auto loan. While applying for the loan, you need to specify the type of vehicle you are buying, and it will serve as collateral until the last EMI of the loan is cleared. It is available at affordable interest rates and the process is lightning-fast.
If want to apply for a School Loan, you must meet the following criteria.
Age Limit | The applicant should be min 21 years & max. 65 years. |
Income | Business should be profit making at least for the past 3 years |
Turnover | Rs. 250,000 p.a. should be the minimum annual income |
Co-applicants | Business should be profit making at least for the past 2 years |
Audited | We accept only audited financials by CA. |
Cash flow | On the other hand, we denounce with righteous indignation. |
Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a School/ Society/Trust Loan you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Let us answer some basic auto loan questions.
Yes, you can apply online for a school loan.
No, you need to be self-employed to be eligible for a school loan.
Yes, a school loan comes under the business loan category.
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