Teaching is one of the noblest professions as per our history and heritage. Teachers are also referred to as “Guru” - one to be always respected, obeyed, and revered. We credit our Teachers with great qualities, but they too have to earn a living & fulfill their responsibilities. Earning a livelihood is as important for them as for a common man. A teacher also has to look after a family & meet social & financial commitments. Financial Commitment may include settling of old debts, or a medical emergency, a child’s marriage, vacation, renovation/redecoration of their house, or even for higher education, say a Ph.D. So to help teachers out, and to give them a helping hand, as they so very often give us, we at Fullerton India provides loan for teachers at very attractive rates and tenure.

Finance is now easily available in the form of a Personal Loan for Teachers to fulfill their Personal needs. Most Banks now categorize Teachers as a preferred segment for the distribution of Personal Loans funds via a Personal Loan and here at Fullerton India, the personal loan interest rates are also very competitive, starting at a low rate of 11.99%*.

Eligibility for Personal Loan

The eligibility criteria are generally the same as that of a salaried employee. The same goes with respect to the documentation required for opening a Personal Loan account. At Fullerton India, we strive to make each process simple and easy for obtaining a personal loan for teachers.

  • The eligible age is set between 21 to 60 years and the maximum amount allowed for disbursement is Rs 25 Lakhs.
  • The minimum income for loan eligibility is Rs 25,000/- for Mumbai/Delhi and Rs 20,000/- for the rest of the country.
  • The minimum work experience expected is 1 year and a minimum experience of 6 months in the current workplace.
  • A CIBIL score of 750 or more is what is expected 

If one wants to check out the eligibility criteria for a personal loan, we have a Personal Loan eligibility calculator on our website where with only a few details, we can ensure our eligibility. Also, there is a Personal Loan EMI calculator where with only 3 details, namely, Loan amount, Rate of Interest & Loan Tenure, we can calculate our EMI.

A Teacher, single-handedly is responsible for shaping the life of an individual, outside of the home environment. The Teacher shows his/her students the first view of the outside world & has the power to shape their minds. Thus it becomes the responsibility of the teacher to ensure that students grow up to be responsible and dependable citizens who contribute positively to society. We, at Fullerton India, wish to extend our hands to Teachers and to help and support them in their time of need as they have always been with us.

Check Your Eligibility  

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