TEACHERS LOAN
Canara Bank Offers Special Loan for Teachers To meet any genuine personal/domestic needs and not for speculative purposes.
ELIGIBILITY All confirmed teaching / non-teaching staff working in a school / college - drawing salary through our branches, with an undertaking letter from salary disbursing authority at District/Block level not to shift the salary account without NOC from the branch. Net take home after meeting the proposed EMI should be minimum 30% of the gross salary Or Rs. 10,000/- whichever is higher
PROCESSING CHARGES 1 % of the loan amount with a minimum of Rs.50/- .
REPAYMENT Upto 48 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 Pronote/Pronote Covering Letter
Click here to see E M I Calculator
Click here to see Facility of On-Line Application
Click here to see Applicable Rates of Interest
For more details click here
Canara Bank Offers Special Loan for Teachers To meet any genuine personal/domestic needs and not for speculative purposes.
ELIGIBILITY All confirmed teaching / non-teaching staff working in a school / college - drawing salary through our branches, with an undertaking letter from salary disbursing authority at District/Block level not to shift the salary account without NOC from the branch. Net take home after meeting the proposed EMI should be minimum 30% of the gross salary Or Rs. 10,000/- whichever is higher
PROCESSING CHARGES 1 % of the loan amount with a minimum of Rs.50/- .
REPAYMENT Upto 48 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 Pronote/Pronote Covering Letter
Click here to see E M I Calculator
Click here to see Facility of On-Line Application
Click here to see Applicable Rates of Interest
For more details click here