Important Notice To All GNAT Members On Reduction Of Teachers’ Fund Interest Rates

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Greeting lovely people, it’s another day which the Almighty God has blessed us with, and we need to thank him for his mercy and love for you and I. May every limitation upon your life shall give way to God’s blessings.

Information cited on the National Association of Teachers Teachers (GNAT) Teacher’s Fund website indicates that the interest rate of the fund has been reduced from 18% per annum to 16% per annum with effective from November 21st this year. The letter read ;

Reduction of interest rate from 18% per annum to 16% per annum.

We write to inform you that with effect from 2nd November 2020 interest rate on teachers’ fund loans will be reduced from 16% per annum to 18% per annum.

All other terms and conditions remain the same. A copy of the new repayment schedule has been attached for any further information, please contact the undersigned or the Teacher’ fund Secretariat.

We counting on you to disseminate this information.

 

( Opera News)

 

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