Banks in India offer a wide range of personal loan schemes tailor made for a specific category of customers. While there are the regular personal loans, the banks also offer personal loan schemes for disabled individuals, defence personnel’s, and government employees. Many banks in India have come up with special personal loans for government teachers. These schemes are designed for teachers who work in government schools and universities. The loans come with a lower rate of interest and a wide range of benefits. Let us look into some of the personal loan options for government teachers in India.
The personal loan scheme by OBC is aimed at providing personal finance to teachers who work in government schools and colleges. The loan can be availed by both working and retired government teachers. Listed below are the important features and fees/charges of the loan:
SBI offers personal loan for government teachers with a lower rate of interest and various other benefits. The loan is available to government teachers and teachers of private institutions. Quick approval and easy documentation are some of the advantages of SBI personal loan. Listed below are some of the main features and benefits of SBI personal loan option:
Syndicate personal loan offers loan for salaries and self-employed individuals including government teachers. The loan can be utilised only for the purchase of consumer durables. It is important for the applicant to have a salary account with the bank in order to be eligible for the loan. Both salaried and non-salaried individuals are eligible for the scheme. Listed below are the features and benefits of the loan:
The above mentioned loan plans are some of the personal loan schemes designed specifically for government teachers. Check with your local bank and find out if they offer special rates for government teachers on their personal loan schemes.