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 Now
Mark-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%|
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: