Teachers play an important role in the development of our country, by nurturing minds and shaping the future of our kids. However, teachers just like any other Kenyan often face financial challenges when trying to meet their personal goals, handle emergencies and even investing. It was due to this that Family Bank unveiled a facility specifically geared towards Teachers Service Commission employees.
The Family Bank Unsecured Loan is a financial solution designed to empower teachers with quick, flexible, and affordable access to credit.
Here is why this loan is a true game changer for teachers across the country.
Competitive Loan Rates
Family Bank offers a competitive interest rate of 14.95% which ensures that teachers are able to make their repayments bila stress. This goes a long way to ensure that repayments are manageable and within your income level.
No Collateral
One of the biggest barriers for anyone looking for a loan from a financial institution is the requirement that one needs to provide collateral/security before getting a loan. This is due to the fact that a good number of people are just starting out and as such don’t the land to give as security. This has seen many people with grand ideas which would have otherwise changed their lives forever locked out from accessing credit.
The Family Bank loan for TSC teachers does not require one to provide security before accessing financing. This means that teachers can be able to turn their dreams into reality from buying the piece of land, a car or even investing in a business bila stress.
Fast Processing
Unlike traditional loans, the TSC loan does not take a lot of time to process. This is due to the existing MOU between Family Bank and TSC, as such one is able to get their loan processed in the shortest time possible.
No Late Payment Fees
The Family Bank unsecured loan for teachers is repaid via check-off which means that it is the employer in this case TSC who is responsible for remitting the repayments. As such, teachers don’t have to worry about making late payments which would have otherwise attracted late payment fees.
So, the teachers can be able to use the funds to invest in their dreams and make the payments without having to worry about unnecessary fees which would have made the loan expensive.
Debt Consolidation
Do you have existing loans which you have been repaying at a higher interest rate? Take this chance to have Family Bank buy off these expensive facilities and start repaying at a lower rate. The savings from the lower repayments can be put in a savings account and can go a long way in securing your financial future.
No Usage Restrictions
The Family Bank unsecured loan for TSC teachers does not come with any usage instructions as opposed to other facilities such as car loans or mortgages. This means that one is free to invest or utilize them in any way that one desires. So, if you are a teacher and have any grand idea to transform your life for the better don’t miss this chance to take up this loan and secure your future.
All in all, the Family Bank unsecured loan for Teachers Service Commission teachers is truly a game changer. So, if you are a teacher and looking for a facility look no further than Family Bank, make a point to visit any branch and start your journey towards financial prosperity.