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Teachers Loan
“A teacher affects eternity; he can never tell where his influence stops”- Henry Brooks Adams
Teachers are the backbone of the school and play a vital role in maintaining high standards of education. We understand your requirements better and pleased to introduce Teachers Loan for their personal needs.
Product Details
Features
- Loan Amount- Secured loans upto Rs. 5 lacs and Unsecured loans upto Rs 3 Lac (Subject to financier guideline)
- Interest Rate- ROI varies from lender to lender and is curated as per the borrower’s needs and eligibility.
- Tenure- EMI options upto 60 Months.
- Collateral- Loans can be either secured or unsecured, i.e., you may or may not be required to mortgage a collateral to avail of the loan. Wide range of acceptable collateral.
Purpose
- To fulfil personal financial requirements.
- Purchase of Furniture & Fixtures.
- Purchase Consumer Durables.
- Medical Emergency.
- Balance transfer of your existing loan liabilities.
Eligibility
- Age between 21 to 55 years.
- Account Credit Salary.
- Graduate from any stream.
- Minimum one year of Teaching experience.
Documentation
- KYC Documents –ID proof, Residence proof & Pan card
- Banks statement
- Salary Slip / Pay certificate (If applicable)
- Collateral (for Secured Loan Ony)- Collateral Security documents as per legal & technical report.