Pubali Bank Teachers Loan Scheme

Pubali Bank Teachers Loan Scheme

Teaching is a noble profession for every nation. Because teachers make an invaluable contribution to nation-building and quality human beings. So, Pubali Bank introduced a loan scheme for teachers of Primary schools, High schools, colleges & Universities to meet the financial needs of teachers in Bangladesh. This type of loan facility is only available for teachers in Bangladesh.

Pubali Bank Teachers Loan Scheme Special Features

• Loans for any purpose to improve teachers’ lifestyles.
• Loan amount up to Tk.10.00 Lakh
• Flexible repayment of 24 to 60 months
• Competitive Interest Rate: Presently 8%
• Very nominal processing fee: 0.50% of the loan amount
• No Hidden Charge
• Easy documentation & quick processing
• Option for early & partial settlement.

Eligibility Criteria for Teachers Loan Scheme

• Only school, college and university teachers who are drawing salaries through Pubali Bank PLC will be eligible customers for this loan.
• Minimum monthly net income should be at least 2 (Two) times of monthly installment including installments of other loans (if any)
• Maximum 59 years of age till maturity of the loan.

Teachers Loan Scheme Fees and Charges

• Interest Rate: Currently 8%
• Loan Processing Fee: 0.50% of the loan amount
• Other fees and charges: Applicable as per Retail Loan Schedule of Charges.

Required Documents to apply for the Teachers Loan Scheme

• Copy of National ID of Applicant/ Guarantor
• Recent two copies of printed passport size photograph
• Copy of latest Income Tax Clearance Certificate/ Tax Return/ Tax Acknowledgement Receipt of the applicant (for loan amount exceeding Tk.5.00 lakh)
• Six months Bank Statement
• Salary Certificate & Letter of Introduction from the competent authority.

Security for the scheme

• Registered mortgage
• Personal Guarantee(s)
• Authorization for debiting client’s deposit account for collection of EMI
• Fully prepared cheques, along with subsequently post-dated and valid signed MICR cheques numbered.

In order to secure a personal loan with the best interest rate and bank terms, the more you know about the loan process, and everything involved, the better. Here’s wishing this guide answers any questions you may have about what a personal loan is and how to get one.

FAQs for Pubali Bank Teachers Loan Scheme

1. Who can apply for Pubali Bank Teachers Loan Scheme?
   • Only teachers are eligible to apply for this loan.
2. What is the maximum loan amount under the Teachers Loan Scheme?
   • The maximum loan amount is up to Taka 10 lakh.
3. Is there a processing fee for this loan?
   • Yes, a processing fee is applicable.
4. What is the maximum duration of the Teachers Loan Scheme plan?
   • The maximum duration is 5 years.
5. Do I have to be a citizen of Bangladesh to avail the Pubali Bank Teachers Loan Scheme?
   • Yes, citizenship in Bangladesh is a requirement.
6. Where can I apply for the loan?
   • Applications can be submitted at any branch of Pubali Bank PLC.
7. How can I find the contact number for Pubali Bank PLC?
   • You can contact Pubali Bank PLC at:
   • Telephone: +88-02-223381614 (PABX)
   • FAX: +880-2-9564009
   • Email: gsdd@pubalibankbd.com