JS School Development Finance, offers educational institutions with financing of up to Rs. 50 million to fulfil all their financial and non-financial needs. Schools with minimum monthly turnover of Rs. 1 million, and with experience of over 3 years are eligible to apply for this term loan facility.
Apply NowMark-up Rate will be based on the experience of the institution and will be calculated as per the following criteria:
School Operational Experience | Floating Rate (Quarterly Payment)* | Floating Rate (Monthly Payment)* |
---|---|---|
Between 3 and 5 years | 3-Month KIBOR + 8% | 3-Month KIBOR + 8% |
Between 5 and 7 years | 1-Year KIBOR + 6% | 1-Year KIBOR + 6% |
More than 7 years | 3-Month KIBOR + 4% | 1-Year KIBOR + 4% |
Eligibility Criteria:
Individuals owning an educational institution are eligible to avail this product once they fulfill the basic criteria for the educational institute and the owner of the institute.
Required Document Checklist: