When an individual is running a private school or college on his owned property and want to improve infrastructure, education quality, new teaching technology, sports activity, library, lab, amenities in the school, etc. It requires a large amount of investment.
When an individual takes loan against school property from bank or NBFC to improve the infrastructure and quality of education of the school to meet the growing expectations and requirements of the parents, students and regulatory authorities is called loan against school.
Benfits of Loan Against School Property are as follows:-
All the bank or NBFC have their own loan eligibility criteria but there are some common loan eligibility criteria which borrower has to fulfill to avail loan against industrial property from bank or NBFC.
Following are some key important factors which would be checked by bank or NBFC to accept or reject the loan against industrial property application:-
Document required for school loan are as follows:-
School property loan rate of interest varies from bank to bank. It is slightly higher than standard loans rate of interest. It is advisable to compare School property loan rate of interest of different bank and financial institutions and chose the best one which suits your need.
You may take an expert advice of LOAN ON PHONE professional consultants who will help you to choose best bank who offers you lowest rate of interest on School Property loan with nominal bank processing fees.