Best Banks for Personal Loan For Andhra Pradesh Government Employees
Feature
HDFC Bank
Private Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
0.12
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
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 Andhra Pradesh Government Employees Features
Andhra Pradesh Government Employees can avail of a Personal Loan. Many banks and NBFCs provides personal loans instantly for govt. employees. You will get a low interest rate for a Personal Loan at Dialabank.
- Loan disbursed quickly
- The loan tenure: 12 to 60 months
- There is an availability of the loan amount is up to Rs. 20 lakh.
- Government Employee can get a Personal Loan who earns Rs, 15,000 Minimum Monthly Income
- Individuals working in Central & State Government, PSUs, Railways, and Defense can avail of the personal loans at a reasonable rate of interest.
- The required CIBIL score for Personal Loan For Andhra Pradesh Government Employees is above 750.
Benefits of Personal Loan for Andhra Pradesh Government Employees
- Quick Loan Approval: You will get the loan approval faster because you are a government employee. If your eligibility resembles the bank, then your personal loan application will be accepted quickly.
- Fastest Disbursal: If your loan will get approved swiftly, then the loan amount will be disbursed rapidly in your bank account.
- Easy Repayments: There are easy repayments with flexible loan tenure choices for availing of the personal loan government employees in Andhra Pradesh. Just repay the loan amount with affordable EMIs.
- Minimal Documents: There is minimum documentation required for getting a personal loan. An applier needs to submit a few documents.
- Maximum Loan Amount: You can avail of a maximum loan amount of up to Rs.20 lakh which means all your financial requirements can easily be fulfilled without any hassle.
- Online Process: Online Process is an unproblematic process, wherein just a few steps an individual can apply and get the loan amount.
Purposes of Personal Loan for Andhra Pradesh Government Employees
- To meet expenses for a Wedding or any other Family function.
- To pay for the education expenditures of self or family.
- For the refurbishing of your home.
- For utilization in Emergencies & medical expenses.
- Personal Loan finances can be used to go on a family vacation.
Types of Government Employees Personal Loan Andhra Pradesh
Public sector Undertakings (PSUs) or CPSEs
Employees are offered increased loan amounts with the best in class personal loan interest rates. The Department of Public Enterprises issues guidelines for a recommendation in category I & II based on their financial performance, net worth, revenue & profit 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%). Hence these incorporate in the Government category for sourcing of Personal Loans.
Personal Loan for Army and Defence Personnel
The Defence forces of the country covering the Indian Armed Forces which are the military forces of the country.
Prominent Banks offers special rates & discounts on processing fees to the Defence & Army Personnel. Also, there is flexibility in the loan tenure that ranges from 12 months to 60 months.
Indian Railways
In the special government category, the Gazetted Staff of the Indian Railway is included for getting the Personal Loans.
Personal Loan for Pensioners
Personal loans for Pensioners can be avail by retired workers of the Central Government, State government & Defence services. After serving in the government services for an entire lifetime, Employees are guaranteed a safe & assured livelihood on retirement.
The pension must get in their regular income banks to pensioners to meet their financial requirements for medical expenses, a child’s wedding, or any other personal use. The loan tenure for pensioners is up to 5 years maximum after the retirement date. The maximum age of the pensioners 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 Andhra Pradesh Government Employees Eligibility Criteria
- Profession: For government employees, the procedure is easy, and smooth. Government Employees who are working in any public sector unit (PSU), central and state government departments, and government schools and colleges can avail of a personal loan.
- Age Limit: The least age of the consumer must be at least 21 years and the maximum age is 60 years at loan maturity.
- Loan Tenure: There is flexibility in the refund or repayment of the loan amount. The loan tenure duration varies from 12 months to 60 months.
- Processing Fees: The processing fees charged for a personal loan for Andhra Pradesh government employees is 1% of the loan amount.
- CIBIL score requirement: There is a requirement of the CIBIL score for getting a personal loan must be 750 and above.
- Job Tenure: The job tenure of the individual is also taken by banks before providing a personal loan to government employees in Andhra Pradesh. For government employees who are employed in the job for a one-year minimum, there will not be any hassle in getting a loan. However, people who have just entered the government service may have to check out with the bank.
Documents Required for Personal Loan For Andhra Pradesh Government Employees
For Salaried Class Individuals
- Anyone Photo Identity Evidence: 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 Andhra Pradesh 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 Andhra Pradesh Government Employees
To apply for an Instant Personal Loan, Applicants do not require to visit the bank’s branch as applicants can apply for it online at Dialabank within minutes.
- Visit the website Dialabank
- Go to the loan section and open the personal loan link.
- The applicant will be directed to all details like name, location, etc. where they can choose their preferred place.
- For more information and free guidance regarding a personal loan for government employees, you may call on 9878981166.
Processing Fees / Prepayment Charges for Personal Loan for Andhra Pradesh Government Employees
Two types of payments are charged by most of the organizations and banks from their consumers. Every Bank and NBFC charges a fee for processing your Personal Loan For Andhra Pradesh Government Employees application. The processing fee for getting a personal loan for government employees in Andhra Pradesh is 1% of the loan amount.
If you wish to close your loan before the agreed loan tenure, every lending foundation charges you a penal prepayment fee. In most cases, you will not be able to close your loan before 12 months. After that, the charges will depend on how many years the loan has been done. These 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 Andhra Pradesh Government Employees EMI Calculator
Equated Monthly Installments is also called EMI are the monthly fixed payments or charges that you pay to the bank as a monthly refund for the loan amount borrowed. On the basis of your profile, the rate of interest on your personal loan is decided. Your EMI is calculated basis the Rate of Interest you are charged by the bank and the loan amount you have to take and the period for which you enjoy the loan.
For the calculation of your personal loan EMI, you can use: Personal Loan EMI Calculator
CIBIL Score Required for Personal Loan For Andhra Pradesh Government Employees
Every lending institution has its own norms for the minimum CIBIL score required for processing a Personal Loan For Andhra Pradesh Government Employees application. Most institutions require a minimum score of 750 to process your Personal loan for the Andhra Pradesh Government Employees application.
Apart from the CIBIL score, the institutions do not just look at the overall score but also the detailed behaviour on the recent loans that you have taken. This covers details of the type of loan taken and the loan amount you have borrowed. Any late payments for previous loans can act as a barricade and you will not be able to get a new loan.
Personal Loan For Andhra Pradesh Government Employees Pre-Calculated EMI Table
Personal Loan For Government Employees Agent in Andhra Pradesh
Dialabank is the leading and most trustworthy agent for availing of the Personal Loan For Government Employees Andhra Pradesh and assists in providing you with the best offers as per your preference.
You can apply online at Dialabank or give a missed call at 9878981166.
Personal Loan For Andhra Pradesh Government Employees Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan for Andhra Pradesh Government Employees.
FAQs for Personal Loan For Andhra Pradesh Government Employees
✅ Who can apply for a personal loan for an Andhra Pradesh government employee?
Government Employees who are working in any public sector unit (PSU), central and state government departments, and government schools and colleges can get a personal loan for Andhra Pradesh government employees.
✅ What is the interest rate for a personal loan for Andhra Pradesh government employees?
The interest rate for getting a personal loan for Andhra Pradesh government employees is 10.7% per annum.
✅ What is the loan tenure for getting a personal loan for Andhra Pradesh government employees?
The loan tenure is ranging from 12 months to 60 months for getting a personal loan for Andhra Pradesh government employees.
✅ What is the age criteria required for the availing of a personal loan for Andhra Pradesh government employees?
The least age required is 21 years and the maximum age is 60 years for availing of a personal loan for Andhra Pradesh government employees.
✅ What is the maximum age limit for pensioners applying for a personal loan For Andhra Pradesh government employees?
The maximum age limit for pensioners is 76 years who want to apply for a personal loan for Andhra Pradesh government employees.
✅ What is the processing fee charged for a personal loan for Andhra Pradesh government employees?
The processing fee charged for a personal loan for Andhra Pradesh government employees is 1% of the loan amount.
✅ What will be the loan tenure available for a personal loan for Andhra Pradesh government employees?
The loan tenure available for a personal loan for Andhra Pardesh government employees will alter from 12 months to 60 months.
✅ What is the minimum income requirement for Andhra Pradesh government employees for the availing of a personal loan?
Andhra Pradesh government employees must have a minimum income of Rs. 15,000 per month for availing of a personal loan.
✅ For what purpose of being a government employee, I can get a personal loan in Andhra Pradesh?
You can get a personal loan for Andhra Pradesh Government Employees for the purposes to pay for the education expenditures of self or family, for use in Emergencies & medical expenses, to renovate your home, to meet expenses for a Wedding or any other occasion.
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