Management of the Ghana National Association of Teachers (GNAT) has released an updated Payment Chart for the beneficiaries of Teachers’ Fund.
According to the Chart intercepted by Coverghana.com.gh, the New Loan Payment for all beneficiaries is effective 1st November, 2020.
The Chart has categorized payment structures under Loan Amount, Interest Rate and duration (months) of payment.
According to the Chart, the Loan Amount ranges from Gh¢50.00 to GH¢70,000.00 depending on each teacher’s affordability.
Meanwhile, the Association has slashed an average interest rate for all beneficiaries at 16%, the lowest and affordable so far in the Ghanaian market under the Pre-tertiary Education Unions.
According to the Association, the duration of payment is spread across six (6) to sixty (60) months period.
Leadership of GNAT has therefore said, any member of GNAT, who is interested in the Loan package should contact their District GNAT office for assistance.
Find below, the detailed Loan Payment Chart under Teachers’ Fund.