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

Best Banks On Personal Loan For 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 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

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

Pensioners:

Proof of Identity/Age Proof  (Anyone) Ration card
PAN card
Voter ID card
Passport
Driving licence
School leaving certificate
Birth certificate
Proof of Address  (Anyone) Aadhaar card
Passport
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

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.

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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