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 is required.
• The annual total fee received from students should be greater than ₹75 lakhs.
• The promoter's background should be solid.
• The applicant must own the school.
• A strong credit history is required.
• Applicants must be Indian citizens.

The variables influencing 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.