School Loans

School Loan

• Loans for Schools: Features and Benefits

• 

  Unsecured loan

  With no need to pledge assets as collateral, simply meet the criteria and submit documents to get approval in under 24 hours*.

• 

  Personalised loan deal

  Avail a pre-approved offer on the Bajaj Finserv Loan for Schools to hasten loan processing and quicken loan disbursal.

• 

  Flexi benefits

  With the Flexi loan facility available on a school loan, you can borrow from your sanction at any time at no additional costs.

• 

  Online loan management

  Login to our online customer portal – Experia. Track your loan information online at your convenience.

• School Loans

  Running a school efficiently involves ensuring that the institution is keeping up with the times. This means upgrading the infrastructure, renovating older parts, constructing new educational wings, investing in technology, adding amenities, and so much more. All of these undertakings are costly, but when equipped with the Bajaj Finserv School Loan, you can handle these expenses with ease.
  
  This instrument offers you a sanction of up to Rs.45 lakh, helping you address your funding needs comfortably. What’s more, you can opt for a repayment tenor that ranges up to 84 months to ensure healthy cash flow. Our loans also have several other features designed to provide you with a comfortable and efficient borrowing experience.

• School Loans: Eligibility Criteria and Documents Needed

  To qualify for our loan, simply meet the easy eligibility criteria and ensure to submit all the essential documents when you apply.
   

  Eligibility criteria:

  • Age: 24 to 70 years*
    (*Age should be 70 years at loan maturity.)
  • Nationality: Indian
  • CIBIL Score: 685
  • Work status: Self-employed
  • Business vintage: Minimum 3 years

  Documents required**:

  • KYC documents
  • Relevant business financial documents
  • Business proof: Certificate of business existence
  • Bank account statements of the previous months

• School Loans: Interest Rate and Charges

  The Bajaj Finserv School Loan is available at low interest rates and against minimal fees. Refer to following table to know more.
   

  Fee Type	Charge Applicable
  Rate of interest	17% p.a. and onwards
  Processing fees	Up to 2% of the loan amount (plus taxes)
  Bounce charges	Up to Rs. 3,000 (Inclusive of taxes)
  Penal interest	2% per month
  Document processing charges	Rs. 2,000 (plus taxes)
  Outstation collection charges	Not applicable
  Document/statement charges	Download loan documents at no additional cost by logging into the customer portal – Experia. You can also get a physical copy of your documents from any of our branches at a charge of Rs. 50/- (inclusive of taxes) per statement/letter/certificate.

• How to Apply for School Loans

  You can apply for this loan in 3 quick steps.

  • Click ‘APPLY NOW’ on the loan webpage
  • Fill in basic information and enter the OTP sent to your registered mobile number
  • Enter the following information and submit the application
    • Personal information
    • Financial information
    • Loan amount

  Once you submit your application, our representative will contact you shortly and provide further instructions.

  *Conditions Apply
  **Document list is indicative