Canara Bank offers Teachers Loan for all the government and private teachers at attractive interest rates, The teachers in india can get all types of loans very quickly with minimal documentation from the Canara Bank.
Purpose:
- To meet any genuine personal needs.
Eligibility:
- All confirmed teaching / non-teaching staff working in a school / college – drawing salary through our branches
Quantum :
- 6 months’ gross salary or Rs.1,00,000/- whichever is less.
Processing Charges:
- 1% of the loan amount with a minimum of Rs.50/- .
Repayment :
- Upto 60 months.
Security :
- Suitable co-obligation
Documents/Formalities to be completed:
- Stipulated Loan Application with 2 passport size photographs
- Latest Salary Certificate and Form No.16
- Co-obligation where applicable
