The Family Bank unsecured loan for teachers under the Teachers Service Commission (TSC) has turned out to be a game changer for them. This is because it has enabled to easily access funds that can help them invest in their dreams and start a journey towards financial prosperity.
At times, we have brilliant ideas but lack the funds to implement them more so with banks asking for collateral. This is more often than not a huge impediment for many as a good number of us don’t the land or assets to pledge. The beauty about the Family Bank loan for TSC teachers is that it does not require collateral with your pay slip being the security.
Here is what you require to access the Family Bank TSC loan for teachers.
Certified Original Pay Slips
To be able to access the loan, you will need to have original pay slips for the last three months. This helps the bank to determine that you are indeed an employee of TSC and your net salary. This aids them in determining your repayment ability and therefore the amount of loan that you will get.
I.D Copies and Passport Photos
The applicant is supposed to provide three copies of their identification card which should be certified by a lawyer. They are also supposed to provide two recent passport size color photos. These two documents help the bank to verify your identity and ensure compliance with banking regulations in Kenya.
KRA PIN Certificate
Other than the identification document (I.D), one is also supposed to provide their KRA PIN Certificate. This also acts as a proof of your identification and also helps the bank to comply with CBK Know Your Customer regulations.
Original Bank Statements
To be eligible for the loan, you will also need to provide three months original bank statements. There statements should be from your salary account that show you received a salary consistently for the last three months. This is further confirmation to the bank that your pay slip tallies with what you received in your account. These statements should be certified by your bank for authenticity.
Applicant Name
The name on all the documents that you have provided should be the same otherwise the loan application will not go through. However, should there be a legitimate reason for the disparities in the names. One should obtain a written confirmation from the employer in this case TSC indicating that the names which have been provided belong to the same person. This is because disparities in the names provided could be an indication of fraud.
Loan Application Forms
Once you have collected all the necessary documents, you will need to visit a Family Bank branch and fill out a loan application form. The form should be filled out accurately and in triplicate.
So, if you are a teachers employed by Teachers Service Commission (TSC) don’t let this chance pass you by. Apply for the unsecured loan today, invest in your dream business and start your journey into financial prosperity.