Personal Loan for Goa Government Employees

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Best Banks for Personal Loan For Goa Government Employees 

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt

1% - 2.5% of the Loan Amt

0.5% - 2% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes

Personal Loan For Goa Government Employees Features

personal loan for assam government employees For Goa Government Employees, there is an availability of a Personal Loan. Many banks and NBFCs offering personal loans instantly for Goa government employees. For getting a low-interest rate Personal Loan, you must apply through Dialabank.

  • Quick Loan disbursal
  • Flexible Loan Tenure: Starts from 12 months up to 60 months
  • You can get the maximum amount of loans is up to Rs. 20 lakh.
  • For getting a personal loan for Goa Government Employee, your monthly income is Rs. 15,000 minimum.
  • Employees working in Central & State Government, PSUs, Railways, and Defense can get personal loans at reasonable interest rates.
  • There is a requirement of the CIBIL score for Personal Loan For Goa Government Employees which is above 750.

Benefits of Personal Loan  for Goa Government Employees

  • Quick Loan Approval: Being a Goa government employee, you will get the loan approval faster. If you are eligible, then your personal loan application will be accepted faster.
  • Fastest Disbursal: If your loan will get approved quickly, then the loan amount will be disbursed faster in your bank account.
  • Easy Repayments: There are choices of repayments with flexible loan tenure for availing of the personal loan government employees in Goa. Repay the loan amount with reasonable EMIs.
  • Minimal Documents: There is minimal documentation required for getting a personal loan. An applicant requires to submit a few documents.
  • Maximum Loan Amount: Get a maximum loan amount of up to Rs.20 lakh which means all your financial requirements can easily be attained without any problem.
  • Online Process: For an online process, it is a smooth and convenient process, wherein just a few steps an individual can apply and get the loan amount. The process is fast and trouble-free.

Purposes of Personal Loan For Goa Government Employees

  • For a Wedding or any other function expenses.
  • For the educational purposes of self or family.
  • For the renovation or refurbishing of your house.
  • Funds for Emergencies & medical expenses.
  • Personal Loan finances can be used to go on a vacation.

Types of Government Employees Personal Loan Goa

Public sector Undertakings (PSUs) or CPSEs

Employees are offered with increased loan amounts with the top class interest rates. The Department of Public Enterprises distributes guidelines for categorization in category I & II based on their financial performance, revenue & profit, net worth, as MAHARATNA /NAVRATNA/MINI RATNA.

Public Sector Banks

The government of India holds on to the majority of posts in the Public Sector Banks, (i.e. more than 50%). Therefore, these include in the Government categorization for sourcing of Personal Loans.

Personal Loan for Army and Defence Personnel

The Country’s Defence forces including the Indian Armed Forces which are the country’s military forces of the country.

Most of the leading Banks provide special rates & discounts on processing fees to the Defence & Army Personnel.  Also, provides flexible loan tenure that starts from 12 months up to 60 months.

Indian Railways

The Gazetted Staff of the Indian Railway is involved in the special government categorization for Personal Loans.

Personal Loan for Pensioners

Pensioners can get a personal loan who are retired workers of the Central Government, State government & Defence services. After serving in the government services for a whole lifespan, Employees are guaranteed a safe & secure livelihood on retirement.

The pension should be received in their regular income banks to pensioners to meet their funds’ requirements for medical expenditures, a child’s wedding, or any other personal use. Loan tenure is up to 5 years after the retirement date for the pensioners. A pensioner’s maximum age is 76 years.

Eligibility Criteria for Army/Defence Personnel

Job Experience 1-year minimum
Occupation Personnel of paramilitary forces like BSF, ITBP, CRPF, Coastal Guards, CISF, Assam/J&k Rifles
Security Charge over assets obtained out of the loan

Personal Loan For Goa Government Employees Eligibility Criteria

  • Profession: For Goa government employees, loan processing is quick and smooth. For getting a personal loan, employees working in any public sector unit (PSU), central and state government departments, and government schools and colleges.
  • Age Criteria: The minimum age of the applicant must be at least 21 years and the max-age is 60 years at loan maturity.
  • Loan Tenure: There is a flexible loan tenure in the repayment of the amount of loan. The alterations in loan tenure range from 12 months to 60 months.
  • Processing Fees: The processing fees charged for Goa government employees for a personal loan is 1% of the loan amount.
  • CIBIL score requirement: The CIBIL score required for the Goa government employees for getting a personal loan must be 750 and above.
  • Job Tenure: The job tenure of the individual is also taken into consideration by banks before offering a personal loan for Goa government employees. For government workers who are working for at least one year, there will not be any trouble in getting a loan. However, people who have just joined the government service may have to examine with the bank.

Documents Required for Personal Loan For Goa Government Employees

For Salaried Class Individuals

  • Anyone Photo Identity Proof: Passport, Voter’s ID, PAN Card, Driving License, or Aadhar Card
  • Anyone Residence Proof: Passport, Aadhar Card, Utility Bill, Ration Card, or Driving License
  • Residence Ownership Proof(Anyone): Electricity Bill, Property Documents, or Mainatainence Bill
  • Income Proof: Salary Slips of last three months with Form 16 and the bank statements for the previous 6 months
  • At least one Proof of Job Continuity: Employment certificate of current employer, Experience Certificate, or Employment letter from the current employer
  • Investment Proof(if any): Fixed assets, fixed deposits, shares, etc.
  • Passport size colour photograph: 1

For Pensioners

  • Identity/Age Proof (Anyone): Ration Card, PAN Card, Voter ID Card, Passport, Driving License, School Leaving Certificate, or Birth Certificate
  • Address Proof (Anyone): Aadhar Card, Passport, Ration Card, Utility Bills, or Driving License
  • Income Proof (Anyone): Bank passbook, bank statements of the last 6 months, Form 16, Income Tax Returns, or Copy of Pension Payment order
  • Recent passport-sized photographs

Personal Loan for Goa Government Employees EMI, Interest Rate, and Total Repayment Amount

Interest Rate 9.99%
Processing fees 1% of the loan amount
Prepayment charges

4% of the loan amount in 2nd yr;

2% of the loan amount in the 4th year 

Repayment options Up to 5 years
Maximum loan amount Rs.20 Lakh
Loan approval time 10 Minutes

How to Apply for Personal Loan For Goa Government Employees

If you want to get an instant Personal Loan, an individual’s don’t require to visit the bank’s branch as applicants can apply for it online at DialaBank.com within minutes.

  1. Visit the website Dialabank.com
  2. Click the loan section and go to the personal loan link.
  3. The applicant will be directed to fill all details like name, location, etc. where they can pick their preferred locality.
  4. For more information and free guidance regarding a personal loan for Goa government employees, you may call on 9878981166.

Processing Fees / Prepayment Charges for Personal Loan for Goa Government Employees

Most of the institutions and banks charge two types of payments from their applicants. Every Bank and NBFC charges a fee for processing your Personal Loan For Goa Government Employees application. The processing fee for getting a personal loan for Goa government employees is 1% of the loan amount.

Every lending institution charges you a penal prepayment fee if you want to close the loan before the pre-determined loan tenure. In most cases, you may not be able to close your loan before 12 months. Post that the charges will rely on the years of the loan has done. Prepayment charges differ from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan For Goa Government Employees EMI Calculator

Equated Monthly Installments is called the EMI i.e. the monthly pre-determined payment that you have to pay to the bank as monthly repayment for the loan amount that you have borrowed. The interest rate on your loan is determined on the basis of your profile. Your loan EMI is calculated that based on the Interest Rate you are charged by the bank and the loan amount you have to take and the time span for which you enjoy the loan.

To calculate EMI: Personal Loan EMI Calculator

CIBIL Score Required for Personal Loan For Goa Government Employees

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan For Goa Government Employees application. Most institutions require a minimum score of 750 to process your Personal Loan for Goa Government Employees application.

Apart from the CIBIL score, the organizations don’t just look at the overall score but also check the detailed behavior on the previous loans that you have taken and this involves detail on the type of loan taken and the loan amount borrowed. If there are any delay payments to your previous loan, then it will create a hurdle in your personal loan application.

Personal Loan For Goa Government Employees Pre-Calculated EMI Table

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

Personal Loan For Government Employees Agent in Goa

Dialabank is the leading and most trustworthy agent for availing of the Personal Loan For Government Employees in Goa. It helps in providing you the best deals and offers as per your preference.

You can apply online at www.dialabank.com or you may contact at 9878981166.

Personal Loan For Goa Government Employees Contact Number

Call 9878981166 and get instant help and approval for Personal Loan for Goa Government Employees.

FAQs for Personal Loan For Goa Government Employees 

Who can apply for a personal loan for Goa government employees?

Employees working in any public sector unit (PSU), central and state government departments, and government schools and colleges can get a personal loan for Goa government employees.

What is the interest rate for a personal loan for Goa government employees?

The interest rate for getting a personal loan for Goa government employees is 9.99% per annum.

What is the loan tenure for getting a personal loan for Goa government employees?

The loan tenure is ranging from 12 months to 60 months for getting a personal loan for Goa government employees.

What is the age requirement for the availing of a personal loan for Goa government employees?

The minimum age required is 21 years and the maximum age is 60 years for availing of a personal loan for Goa government employees.

What is the maximum age limit for pensioners applying for a personal loan for Goa government employees?

The maximum age limit for pensioners is 76 years who want to apply for a personal loan for Goa government employees.

✅What is the processing fee charged for a personal loan for Goa government employees?

The processing fee charged for a personal loan for Goa government employees is 1% of the loan amount.

✅ What will be the loan tenure available for a personal loan for Goa government employees?

The loan tenure available for a personal loan for Goa government employees will vary from 12 months to 60 months.

What is the minimum income requirement for Goa government employees for the availing of a personal loan?

Goa government employees must have a minimum income Rs. 15,000 per month for availing of a personal loan.

For what purpose of being a Goa government employee, I can get a personal loan?

You can get a personal loan for the purposes to pay for the education expenditures of self or family, for use in Emergencies & medical expenses, to renovate or refurbish your home, to meet expenses for a Wedding or any other Family function.

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