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Indian School Finance Company Private Limited

Teachers Loan

Teachers are an important link in the education chain and their well being is directly co-related to standards of education imparted in their classes. Teachers in private schools especially affordable private schools find it difficult to borrow due to low salary structures.

ISFC is pleased to introduce Teachers Loan wherein teachers can have easy access to loans for their personal/family needs. Our teachers loans are tailor made not only for affordable private schools but for all kind of schools and colleges be it Govt or Private. Being a NBFC exclusively in the education segment, we understand your requirement better and can process the loan faster.

Product Details

Characteristics
  • Secured loans upto Rs. 5 lacs.
  • Unsecured loans upto Rs 1 Lac.
  • EMI options upto 60 Months.
  • Wide range of acceptable collaterals.
  • Loan to Value (LTV) of upto 80% of market value of collateral.
  • Loan disbursement through NEFT/RTGS.
  • No foreclosure charges upto 25% of the loan amount.
Purpose
  • House Renovation.
  • Purchase of Furniture & Fixtures.
  • Personal Financial requirements.
  • Consumer Durables.
  • Balance transfer of your existing loan liabilities.
Eligibility
  • Age between 25 to 50 years.
  • Minimum salary of Rs 5000 per month.
  • Graduate from any stream.
  • Minimum one year of Teaching experience.
Documentation
  • Duly filled in Application form.
  • KYC Documents –ID and Residence proof of applicant and co-applicant.
  • Latest 6 months Banks statement of applicant and co applicant.
  • Pan card of applicant and co applicant.

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