BRAC Bank introduces personal loan for teachers

BRAC Bank has launched a specially designed personal loan product – ‘Dishari; for the teachers.

Any person in teaching profession working anywhere in Bangladesh can now easily avail the bank loan, said a press release.

Teachers of Bangladesh often face difficulties in accessing finance from financial institutions primarily because there is no tailored financing solution for them.

With this unsecured personal loan facility, teachers can now borrow a maximum of Tk 20 lakhs with loan tenure up to 5 years with a competitive interest rate and fastest processing time to meet urgent financial needs.

Teachers from public, private, MPO schools, colleges and universities and BRAC Bank-listed English medium schools can apply for this loan having a minimum monthly income of Tk 17,000, the release added.

With wide distribution channels including 187 branches and more than 600 agent banking outlets, teachers can process their loans from any corner of the country.

“Our bank is driven by values and that is why we thought of our teachers while designing this product,” said Md Mahiul Islam, chief of retail banking of BRAC Bank about Dishari.

Teachers who are interested in this product are requested to visit the nearest BRAC Bank branch or call the bank’s call centre at 16221. Also, the detail of the loan is available on their website.