Auto loan scheme is an opportunity for teachers to own vehicle to facilitate their movement to and from school. Most schools in our country have no residential facilities for teachers, some teachers travel from far to school.
Sometimes teachers have to wake up early to join long que for public transport popularly known as trotro.
This auto loan scheme for teachers can reduce Teacher Absenteeism in our schools, some rural areas you can only travel there once a week, that is the market day.
Apart from the market day no vehicle available to transport teachers to that community.
Buying a dream car can be both tedious and complicated. Because vehicle ownership is paramount to the daily activities of our lives.
Cal bank to assist teachers, nurses and other salaried workers with the needed funds to realize this lifestyle dream. CalBank Auto Loan is a credit facility designed for our professionals and salaried workers to purchase any vehicle of choice.
Car bank Auto Loan facility can be accessed by Individual, Professionals, consultants and salaried workers with recognized institutions to acquire a vehicle
Age of Vehicle: The vehicle must not be older than five (5) years, Cal bank will pay 80% of the cost of any vehicle a teacher want to purchase. This amount will be spread for five(5) to seven years for the teacher to pay back.
The vehicle will have a comprehensive insurance
Teachers should take advantage of this loan scheme to purchase vehicles of their choice
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