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 of this product once they fulfill the basic criteria for the educational institute and the owner of the institute.
Required Document Checklist: