School Loan are provided for the construction and renovation of schools to improve educational infrastructure.
Cold Storage Loan @7.50% Onwards
• Construct new cold storage or expand your existing set-up
• Get 75% of project cost as a loan amount
• Pledging collateral helps to pay lower EMI
• Get 75% of project cost as a loan amount
• Pledging collateral helps to pay lower EMI
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Eligibility Criteria
What you mean by Cold Storage loan Eligibility Criteria?
Cold storage is generally utilized to store products like meat & dairy products as different type of products requires different type of storage temperature wherein this type of storage plays a crucial role in the entire food chain process. It helps the daily used products to be usable for longer periods of time.
Cold Storage loan Eligibility Criteria
There are few eligibility criteria you are required to have a look before applying for loan
- • Individual & group of individuals can avail this facility
- • Private limited, Proprietorship firm, Partnership are eligible
- • For new project, required to submit achievability of project to bank
- • For existing project, profitable of last 3 FY proof to be attached
- • Limitation of Storage should be not exceed than 500MT
- • Background of promoter should be good
Note: – You can avail up to 80% of project cost as a loan amount.
What are the factors generally affecting Cold Storage loan Eligibility Criteria?
There are Top factors that generally affects loan Eligibility Criteria as given below-
CIBIL Score: – Firstly, Lenders check your CIBIL Score to know your past financial & transaction history to evaluate how capable you are at repaying loan or managing transaction. If your CIBIL Score is below 750, then it’s likely that you are not eligible to apply for a Home Loan, but if its above 750 you can easily apply & get a Home Loan at competitive rates.
Previous loan defaults: – If you ever applied for loan from other financial institution & due to any reason your loan application gets rejected then probably it will lower your eligibility.
Business loss on recent year: –Business loss on recent year: – Lender will check whether your last 3 years of business is on profits or loss, if it’s on loss wherein your chances of getting loan lowers.
What are the ways to increase Cold Storage loan eligibility?
To increase Cold Storage loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Maintain good credit report: – To increase your eligibility you must maintain good credit report by always making payments on time, avoid taking multiple credit cards as it will help you to increase your eligibility.
Recover existing loan: – Lender will check whether you have any existing ongoing loan, if yes then make sure to you close it earlier before applying for loan.
Documents Required
- PAN CARD COPY
- AADHAR CARD + PASSPORT
- ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
- LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
- LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
- LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
- COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
- PROCESSING FEE CHEQUE IN FAVOUR OF BANK
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCTION ESTIMATE
- LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
- PAN CARD CLEAR COPY PROPRIETOR
- ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
- OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
- FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
- LAST 1 YEAR GST RETURN COPY
- FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
- PROVISIONAL FINANCIAL AY 2019-20
- BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
- 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
- IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS WITH CHAIN SANCTION MAP
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCTION ESTIMATE
- PARTNERS
- PAN CARD – COMPANY, ALL PARTNERS
- ADDRESS PROOF – ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
- FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
- PARTNERSHIP DEED COPY
- GST CERTIFICATE
- 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
- PROVISIONAL FINANCIAL AY 2019-20
- 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
- FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
- ALL PARTNER SAVING A/C STATEMENT 6 MONTH
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS COMPLETE CHAIN WITH MAP
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CETIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING ONSTRUCTION ESTIMATE
- PHOTOGRAPH
- CLEAR PAN CARD – COMPANY AND ALL DIRECTORS
- ADDRESS PROOF – COMPANY AND DIRECTORS
- LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
- MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
- GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
- 1 YEAR GST RETURNS
- ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
- LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
- PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
- COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
- ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
- PROJECTED FEASIBILITY REPORT
- COMPANY PROFILE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions
School Loan Interest Rate starting @14.00% onwards.
Choose your ideal banking partner, once chosen fill the enquiry form through their official website or visit nearest branch to further information.
- Processing fee
- Foreclosure fee
- Part-prepayment charges
- Stamp duty
- Late interest penalty
You can take School Loan minimum 50,000 to 2 crores as a maximum loan amount.
Which bank provide the School Loan?
Minimum cibil score required for the School Loan is above 750, But some may also accept less than 750 scores depending on various factors.
- Get loan up to 70%-85% of project cost
- Flexible tenure facility
- Minimal paperwork
- Simplified document processing
Submit Application attach necessary documents, KYC documents. Copy of affiliation certificates of the school.
