Eligibility Criteria

Before applying for a loan, you should consider the following eligibility criteria:

• The applicant should be between the ages of 25 and 65.
• A minimum of three years in business
• The annual total fee received from students should be greater than 75 lahks.
• The promoter's background should be solid.
• The applicant should own the college.
• A strong credit history is required.
• Applicants must be Indian citizens.

What are the general variables influencing School Loan Eligibility Criteria?

The following are the top criteria that commonly affect School Loan Eligibility Criteria:

Previous Debts - The lender will analyze your loan application to see if you pay interest on any existing loans; if you do, the income ratio and loan eligibility will be reduced.

Low fee collection - According to the requirements, a school’s minimum yearly fee collection should be more than 75 lakhs. As a result, your chances are reduced if you were unable to meet the conditions.

Documents Required

Individual

• Pollution Certificate
• CMA Data
• Machine Quotation
• 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
• Complete Property Papers with Chain & Map +ATS
• Processing Fee Cheque in Favor of Bank
• Projected Financial
• Project Feasibility Report
• ISO Certificate & MSME Certificate
• Pollution Certificate
• CMA Data
• Machine Quotation
• Building Construction Estimate
• Last 3 Months Salary Slip + Appointment Letter

Prop Firm

• Pan Card Clear Copy Proprietor
• Address Proof (Pass Port, Voter Id Card) Proprietor
• Office Address Proof Latest (Electricity Bill, Telephone Bill)
• Pan Card Clear Copy Proprietor
• Address Proof (Pass Port, Voter Id Card) 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 a Sanction Letter and Repayment Scheduled
• Agreement to Sell Copy
• Property Papers with Chain Sanction Map
• Projected Financial
• Project Feasibility Report

Partnership Firm LLP

• 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 Year
• 3 Year Company ITR COI 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

• 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 2023-24 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 – The latest Sanction Letter and Repayment Scheduled./li>
• 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