Personal Loan For Government Employees

⋆ Interest Rate 9.99% ⋆

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        Why us?

        Rates as low as 9.99%*
        Loans Up to 30 Lacs
        Same Day Disbursal
        Doorstep Service
        Unbiased Experts Advice

        Personal Loan For Government Employees

        Best Banks On Personal Loan For Government Employees

        HDFC Bank
        Private Bank
        Bajaj Finance
        Interest Rate
        10.75% - 17%
        11.25% - 18.5%
        Min Loan Amt
        Metro : 75000 & Non Metro: 50000
        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
        Overdraft Facility

        Click here to get an instant personal loan

        Personal Loan For Government Employees FeaturesPersonal Loan For Government Employees

        Government Employees can get a personal loan from banks or NBFCs to fulfil their necessities and requirements.

        • Government employees can avail of personal loans directly as there are many leading banks and NBFCs possible, known for giving a personal loan to government workers in India.
        • Individuals operating in Central & State Government, PSUs, Railways and Defense can receive personal loans at lower interest rates with a least monthly income of Rs.15,000.
        • Government employees can also experience a lot of other perks and opportunities like flexible tenures, minimum processing fees & other charges, lesser documentation, instant support and the fastest disbursal.
        • Government employment issues with a job and income security factor, which is preferred by the banks as far as loan repayment is involved.

        Benefits Of Personal Loan For Government Employees

        • To meet expenses for a Wedding or any other Family purpose.
        • For investment required for the renovation or refurbishing of your home
        • To pay for the education costs of self or family.
        • Investment for use in Emergencies & medical payments.
        • Personal Loan reserves can be used to go on a family vacation.

        Types of Personal Loan For Government Employees

        • Public sector Undertakings (PSUs) or CPSEs:

        The Department of Public Enterprises issues guidelines for categorization in category I & II based on their business administration, net worth, revenue & interest as MAHARATNA /NAVRATNA/MINI RATNA.

        • Public Sector Banks:

        The government of India holds majority posts in the Public Sector Banks, (i.e. more than 50%). Hence these Banks are involved in Government section for sourcing of Personal Loans. There is a whole of 21 Public Sector Banks in India.

        • Indian Railways

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

        • Personal Loan for Defence

        The Defence forces of the nation comprise of the Indian Armed Forces which are the armed forces of the country. The three uniformed duties:

        1. The Indian Army
        2. The Indian Navy
        3. The Indian Air force

        The Defence organisations come under the supervision of the Ministry of Defence.

        • Personal Loan for Pensioners

        Personal investments for Pensioners can be availed by retired workers of Central Government, State government & Defense assistance.

        Eligibility Criteria for Army/Defence Personnel

        Service Tenure minimum of 1 year
        Profession personnel of paramilitary forces like BSF, ITBP, CRPF, Coastal Guards, CISF, Assam/ J&K Rifles
        Security Charge the above assets taken out of the loan.

        There is a special loan package for railway employees. Special privileges for railway employees are:

        • Decreased interest rates on home loans, car credits and personal loans.
        • Concessions are available in the locker rentals.
        • Zero balance saving bank accounts are opened for all the railway employees.
        • Free drafts are distributed according to the entitlements of railway workers.
        • Discounts are open up to one per cent on gold coin investments.

        Personal Loan For Government Employees Eligibility Criteria

        Profession Employees working in any public sector unit (PSU), central and state government departments, and government schools and colleges
        Age Minimum: 21 years, Maximum: 61 years
        Income At least Rs. 15,000 per month
        Job Tenure Minimum 1 year
        Loan Tenure maximum of 6 years


        Click here to know more about personal loan eligibility

        Documents Required for Personal Loan For Government Employees

        Salaried Employees:

        Proof of photo identity (Anyone) Passport
        Voter’s ID
        PAN Card
        Driving License
        Aadhar Card
        Proof of Residence (Anyone) Passport
        Aadhar Card
        Utility Bill
        Ration Card
        Driving License
        Proof of Ownership of Residence (Anyone) Property documents
        Electricity bill
        Maintenance bill
        Proof of Income  Payslips for the last three months along with Form 16
        Bank statement for the past six months where the compensation has been recognized
        Proof of Job Continuity (Anyone) Employment certificate from the current employer
        Certificate of experience
        Appointment letter from the current employer (if the employment period exceeds two years)
        Proof of Investment (if any) Shares, fixed deposit, Fixed assets, etc.
        Photograph One passport size Color photograph


        Proof of Identity/Age Proof  (Anyone) Ration card
        PAN card
        Voter ID card
        Driving licence
        School leaving certificate
        Birth certificate
        Proof of Address  (Anyone) Aadhaar card
        Ration card
        Utility bills
        Driving licence
        Proof of Income  (Anyone) Bank passbook
        Bank statements of the last 6 months
        Form 16
        Income tax returns
        Copy of pension payment order
        Photographs Recent passport-size photographs

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

        Government Employees Personal Loan Interest rates 9.99%
        Personal Loan For Government Employees Processing fees 1% of the loan amount + GST
        Prepayment charges Nil
        Repayment options Up to 5 years
        Maximum loan amount Rs.15 Lakh
        Loan approval time 10 Minutes


        To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

        How to Apply for Personal Loan for Government Employee?

        Anybody can apply for Government Employees Personal Loan online only in 2 minutes. The process of application is outspoken and fast.

        1. Visit Dialabank.
        2. After that, apply for a Personal Loan For Government Employees online.
        3. Please fill your details like name, income, location to assist us better in providing you offers.
        4. Our association administrator will soon get back to you.
        5. Dialabank is the best platform possible online to apply for a Government Employees Personal Loan as you will get a loan at bearable rates of interest.

        You can also call on 9878981166.

        Processing Fees / Prepayment Charges on Personal Loan For Government Employees

        Availing a personal loan incurs some styles of expenses for a Government Employees Personal Loan. Every business organisation and NBFC charges, mainly two types of payments from its clients. The Government Employees Personal Loan processing fee is 1% of the loan amount.

        Pre-closure prices for a state of affairs while you want to close your contract before your fixed tenure. In maximum situations, you cannot for-close your loan before the security of twelve months. Offer that the fees also vary depending on how many years the debt has achieved. These rates vary from 4% of the fantastic mortgage quantity inside the 2nd 12 months to two% inside the 4th yr of the mortgage and are only relevant in case you do not want entire your mortgage compensation in the fixed tenure.

        Personal Loan For Government Employees EMI Calculator


        You Can Calculate your EMI from Dialbank’s EMI Calculator.

        You can calculate your EMI here: Personal Loan EMI Calculator

        Personal Loan For Government Employees Agent

        Dialabank is your best agent for availing Government Employees Personal Loan. It assists you in comparing opportunities from various banks and NBFCs so that you can avail of the best suggestions available according to your ability and demand. The logic for you to choose DialaBank for a Government Employees Personal Loan are:

        1. We do not impose you for our services provided.
        2. The loan gets distributed within a few hours of touching with us.
        3. Our relationship director leads you through the entire method of personal loans.

        Personal Loan For Government Employees Contact Number

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

        FAQs about Personal Loan For Government Employees

        What is the loan tenure available for personal loans?

        The loan tenure typically ranges from 12 months to 72 months. Depending upon your compliance, you can pick a tenure and repay the loan.

        How much time do banks take to process personal loans?

        With the advent of technology, it is now frank to get your personal loan support. Most banks give their support within just a few hours. The loan amount will be distributed within just one or two days in most cases.

        What are the occasions in which personal loans are offered?

        Banks do not force any restrictions on how the loan amount can be used. Hence, you can take a personal loan for any event based on your financial obligations. You may use the loan sum for various items like emergency medical requirements, weddings, home renovation, holiday, etc.

        What is the minimum income required for government employees to apply for a personal loan?

        A government employee needs to earn the least monthly income of Rs.15,000. However, the laws are different for different banks. Thus, it would be desirable to check the same before applying.

        Which government employees are eligible to apply for a personal loan?

        Employees operating in Central & State Government Undertakings, State-Owned PSUs, Railways and Defense are available to apply for a personal loan.

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