Why and How?

Teachers play a fundamental role in the lives of students. Besides imparting education, they also mentor, nurture and create a support system for the budding students. But these educators are also individuals with lives of their own, many of them with a family or children who depend on them. They have the added responsibility of taking care of the needs of their near and dear ones. There may be times when they find themselves in need of financial assistance in case some unexpected expenses crop up. Most teachers, at private or government schools and colleges, have fixed salaries for monthly incomes.

So to help them meet any added overheads, a Personal Loan for teachers from Elimu Pesa is available. If you are a teacher in need of extra funds for personal needs, you can always get a loan for teachers. You can use Elimu Pesa Teachers Pay Eligibility Calculator to check if you are eligible to avail of the loan option.

Teachers’ salaried micro loan: Eligibility:

• Proof of income (Employment Contract)
• Recent Pay slip from the employer or bank statement
• Recommendation letter from the school
• Must have National Identity and Employment Identity Cards

Benefits of Elimu Teacher’s Salary Loan

• Quick loan processing i.e. within 36 hours
• Attractive fixed interest rate 11%
• All digital with Minimal requirements
• Flexible loan repayment term ,you can service your wallet daily or weekly

Features:

Collateral-free, unsecured loans: To get an Elimu Teachers salary loan for teachers, you do not have to provide any collateral. The loan is granted basis your monthly salary, among other things.

Instant loans, minimal paperwork: You can get a loan for teachers almost instantly, and the process for application can be completed online. There is no need for elaborate paperwork or documentation.

Get considerable loan amount: With a loan for teachers from Elimu Pesa , you can get anywhere between $5 to $50 to help you meet urgent financial needs.

No restriction on end use: You can use teacher’s loan for any number of reasons. Use the money to fund travels, Fuel, Groceries, Home appliances, among other emergencies plans,We don’t place any restriction on the end use of the loan amount.

Interest Rates & Charges:

• Rate of Interest: 11%
• Processing Fees: $2.00
• Tenure: Within 30 days
• Documents Required: No Documents for Pre-approved Personal Loan
• For Non Pre-approved: - Last 3 Months Bank statements, 2 Latest Salary Slip and KYC