Amana Bank has extended the financing amount and repayment period for government teachers and lecturers.in recognition of their services to the society
The increased facility amount of up to Rs. 3 million with a 10 year repayment period, enables customers to obtain a facility at an affordable instalment against their salary. This will be applicable for financing facilities to purchase property, construction materials, vehicles, solar panels, furniture, household and personal appliances in a convenient ‘pay as you can’ mechanism, without the burden of having guarantors or pledging security, the bank said in a media release.
Amana Bank’s Head of Retail Advances Ramakrishnan Kirubakaran commenting on the offer, said “We are honoured to extend this service to the teachers and lecturers, who play a key role in disseminating knowledge to the children and youth of the country. We have tailor-made the offering to this segment enabling them to enjoy increased purchasing power to uplift their lifestyle.”
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