Services
Features of TEACHER LOAN
Tenure of 1 year
EASY LOAN PROCESSING
ROI starts from 12.5 %
1️⃣ ASPECTS
- Quick Approval
- Excellent Transparency
- No collateral
- Flexible Tenure
- Teacher loan is renewed every year
- Flexible loan amount
- Quick eligibility check
- 24 hour disbursal
2️⃣ RATE OF INTEREST
- Rate of Interest is 12.50%
- No Handling Charges.
3️⃣ ELIGIBILTY
- You must be a salaried individual working as a teacher at a public oraganissation
- Age = 18 to 60 years.
4️⃣ DOCUMENTATION & SECURITY
- In case of new customer, applicant & guarantors need to open savings / current account
- Applicable only at the Kumta branch
- Employees ID card
- Salary silp of the last 3 months
- Cancelled cheque
- Bank account statement of the previous 3 months
- Duly filled form with :
- Residential Proof of Applicant
- PAN Card of Applicant
- KYC of Applicant
5️⃣ SHARE HOLDING
- Regular Membership fees is Rs. 525 & Share amount @ 5% of loan amount.
- Guarantor's Regular membership