If you are a teacher, employed by the Teachers Service Commission (TSC), money problems should be a thing of the past. Why would you be broke when Family Bank has a TSC Check-Off Loan that gives you up to 72 months to pay?
The process of getting the TSC Check-Off Loan from Family Bank is simple and seamless. Here are the important things you should know:
Required documents
- Check-off loan application forms duly completed in triplicate
- The applicant’s certified original pay slips for the last three months
- 3 certified copies of the applicant’s new-generation ID card and 2 recent passport-size color photographs
- A certified copy of the applicant’s KRA PIN certificate
- The applicant’s certified original bank statements reflecting salary received in the last 3 months
- The applicant’s names should be similar in all documents; otherwise, they should obtain written confirmation from the employer that the names preferred refer to the same person
Important considerations that many often overlook
Similar names: Ensure your name is consistent across all documents. If there are different names, you will need written confirmation from your employer confirming that they all refer to you.
Check-off arrangement: The bank will confirm the check-off arrangement with your employer before releasing funds.
Loan repayment: Repayments are deducted directly from your salary through check-off. If the check-off is not finalized, you are still responsible for making direct payments until it is set up or the loan is fully repaid.
Related Content: How Family Bank’s TSC Check-Off Loan Turns Teachers’ Dreams Into Tangible Realities
