Everyone wants to have a smiling face, especially during the tough times, and that’s one of the reasons why governments establish loan programs for those who need them.

Government loan is not only important in our life, but it can also make it easier for us to live better life.

Government loans are necessary for many people who need them and don’t have an easy way to get the money they need easily.

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What is Bhadratha Loan

The state government has paid an ex-gratia to the bereaved families of members who meet unfortunate death while in service with the Telangana state police department

If you are looking for a loan that can help you out during difficult times, then the Bhadratha Loan may be the perfect option for you.

The loan is available for the second child and has an educational loan facility available for the second child.

They provide loans with flexible plans for different types of work. You can use your loan to cover the expenses associated with education, marriage, building a house, and other fixed-term needs.

These loans are the only type of loan that has a facility to write-off in case of an unfortunate demise of the member.

This means that if you die while you are still a member of the loan, the bank can wipe out your debt. The only other type of loan, computer loans, don’t have this feature.

Bhadratha TS Police Loan Details

Bhadratha aims to provide loans to members and even cover the financial losses of families if their member dies.

At present, Bhadratha pays Ex-Gratia to the families of members who joined and died in service.

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They Provide so many Loans such as:-

• HBA Loans.
• Computer Loans.
• Personal Loans for domestic purposes.
• Education loans including Abroad education.
• Loans to daughter marriage of the members

Bhadratha Loan Benefits

Bhadratha TS police loan is an excellent loan option for members and their families.

Not only does the loan provide financial assistance, but it also offers benefits in the form of Ex-Gratia payments to the families of members who meet with unfortunate death while in service.

This loan is especially beneficial for loans to its members, as it helps them get back on their feet quickly after a tragedy.

Plus, payments made to the families of deceased members provide them with much-needed financial support.

This Loan offers a variety of loans to families in need. These loans can be used for a variety of purposes, including domestic purposes, marriage, and education.

Loans available include personal loans for domestic purposes, loans to daughters getting married, educational loans including abroad education and computer loans.

They understand that not everyone is in a position to take out a loan from a traditional lender.

That’s why they offer many different loan options that can be perfect for your family.

Important benefits

• Bhadratha will now provide the widows of Martyrs with similar benefits as other members, to help support their families through these difficult times.
• The loan applications received in the month are processed and the sanctioned amounts are credited to the bank accounts of members/vendors on a monthly basis.

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Bhadratha Loan Eligibility Criteria

If you are a Telangana state police department member, you can qualify for this loan.

Also this loan is available to the families of members who met with an unfortunate death while in service.

You must provide proof of membership in the Telangana state police department and meet certain eligibility requirements.

This includes providing a certificate of death notification and proof of financial solvency. The loan amount is based on your income and family size.

Bhadratha Loan Interest Rate

There are lots of benefits to getting a Bhadratha TS police loan, and we’ll discuss some of the most important ones in this article.

Interest rates for bhadratha police loans are usually much lower than interest rates for traditional loans, and you can typically get the money transferred faster too.

There are no late fees or penalties with these loans, which makes them a great option for people who need the money quickly.

Here are the loan rates of different types of loans:-

1. HBA Loans (RBH/RBF/Construction) for various cadres

Q1. What is the interest rate of HBA loan 

The interest rate on this loan is 6.50% p.a. (w.e.f 01/07/2021). 

Q2. What is the loan tenure of HBA loan

The loan tenure is 25 years, which is 300 months for all cadres

2. House Building Advance for purchase of House plot for various cadres