Loan for teachers

Loan for teachers

From Suara Karya

When will the authorities give primary school teachers working in remote places long-term soft loans? I have applied for credit from a bank for a 10-year period with an annual interest of 1 percent. But the district office boss did not approve my application. He only wanted to sign the application if the loan installments could be completed in 48 months.

How could I possibly take such a short-term loan with my small salary? Besides, the appointed bank only provides a Rp 4 million loan. Why can't the bank give long-term loans over a ten-year or 15-year period, like the people's housing credit system does? I hope they can provide special services for elementary teachers by allowing a loan of between Rp 10 million to 15 million for 10 or 15 years.

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