Special Credit Program for Government Primary School Teacher.
Eligibility for the Loan:
• Must be govt. primary teacher
• Must be permanent resident of concern upazila
• Salary must be paid through RAKUB Branches
• Service duration and remaining from PRL must be three year
Loan Ceiling: Maximum credit limit is equal to basic salary
of one year. But not exceeding TK. 60,000/-(sixty thousands).
Rate of interest: The rate interest of this program is
Loan duration: With the grace period the maximum duration
of this credit is 24 months.
Borrower must have saving
A/C heading “Security Fund” at concern branch. From TK.300/-
upto TK.1000/- must be cut from borrower salary and it transfer to that
A/C. In this way a security fund (saving A/C) is created for the borrower.
This A/C should be kept in lien status for the branch and no money withdrawal
until the loan must be totally recovered. After having balance TK. 20,000/-
of this A/C, the borrower can have another loan by following the Bank Rules.
After loan disbursement
of one month, the total amount (interest & principal) must be paid by
the maximum 24 monthly installment within the 10th of the month. For the
loan payment easily borrower must be submitted signed 24 post dated cheque
during the contact and papering.
Contact nearest branch.
Rate of interest is variable time to time by the Bank Interest Rate