Personal Loan For Madhya Pradesh 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 for Personal Loan For Madhya Pradesh 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 Madhya Pardesh Government Employees Features

      personal loan for madhya pradesh government employeesFor Madhya Pradesh Government Employees, there is an availability of a Personal Loan. Many banks and NBFCs providing personal loans instantaneously for Madhya Pradesh government employees. For getting a low-interest rate Personal Loan, you must apply through Dialabank.

      • Get a loan approval faster
      • Flexible Loan Tenure: Range from 12 to 60 months
      • Get the loan amount is up to Rs. 20 lakh.
      • For getting a personal loan for Madhya Pradesh Government Employee, your monthly income is Rs. 15,000 minimum.
      • Personnel working in Central & State Government, PSUs, Railways, and Defense can get personal loans at attractive interest rates.
      • There is a requirement of the CIBIL score for Personal Loan For Madhya Pradesh Government Employees which is above 750.

      Benefits of Personal Loan  for Madhya Pradesh Government Employees

      • Quick Loan Approval: Being a Madhya Pradesh government employee, you can get the loan approval faster. If your eligibility equivalent to the bank, then your personal loan application will be approved faster.
      • Fastest Disbursal: If you will get the loan approval quickly, then the amount of loan will be disbursed faster in your bank account.
      • Easy Repayments: There are options of repayments with flexible loan tenure for availing of the personal loan government employees in Madhya Pradesh. Refund the loan amount with reasonable EMIs.
      • Minimal Documents: There are the least documents required for getting a personal loan. An applicant requires to present a few documents.
      • Maximum Loan Amount: You can get a loan amount of up to Rs.20 lakh maximum for fulfilling all your financial needs that can easily be attained without any problem.
      • Online Process: Online process is smooth, easy, and convenient, wherein just a few steps an applicant can apply and get the loan amount. 

      Purposes of Personal Loan For Madhya Pradesh Government Employees

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

      Types of Government Employees Personal Loan Madhya Pradesh

      Public sector Undertakings (PSUs) or CPSEs

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

      Public Sector Banks

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

      Personal Loan for Army and Defence Personnel

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

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

      Indian Railways

      The Gazetted Staff of the Indian Railway is included in the exclusive government classification for Personal Loans.

      Personal Loan for Pensioners

      Pensioners can avail of a personal loan who are retired employees of the Central Government, State government & Defence services. After serving in the government services for a continuous lifetime, the employees are guaranteed a safe & secure living on retirement.

      The pension should be received in their official income banks to pensioners to meet their funds’ requirements for medical expenditures, a child’s wedding, or any other personal use. The loan tenure for the pensioners is 5 years after the retirement date. 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 get out of the loan

      Personal Loan For Madhya Pradesh Government Employees Eligibility Criteria

      • Profession: For Madhya Pradesh government employees, the process is quick and hassle-free. For availing of a personal loan, workers working in any public sector unit (PSU), central and state government departments, and government schools and colleges.
      • Age Criteria: The applier must be at least 21 years old and the maximum age is 60 years at loan maturity.
      • Loan Tenure: You can repay the loan amount with a flexible loan tenure. The variation in loan tenure from 12 months to 60 months.
      • Processing Fees: The processing fees charged for Madhya Pradesh government employees for a personal loan is 1% of the loan amount.
      • CIBIL score requirement: The CIBIL score required for the Madhya Pradesh government employees for getting a personal loan must be 750 and above.
      • Job Tenure: The job tenure of the applicant is also taken into consideration by banks before providing a personal loan for Madhya Pradesh government employees. For Madhya Pradesh government employees who are working for a 1-year minimum, there will not be any issue in availing of a loan. However, people who have joined the government service earlier may have to check out with the bank.

      Documents Required for Personal Loan For Madhya Pradesh 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 Madhya 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 Madhya Pradesh Government Employees 

      If you want to get an instant Personal Loan, individuals do not need 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 then on the link of a personal loan.
      3. The applicant will be directed to fill all details like name, location, etc. where they can select their favourable location.
      4. For more info and free assistance regarding a personal loan for Madhya Pradesh government employees, you may call on 9878981166.

      Processing Fees / Prepayment Charges for Personal Loan for Madhya Pradesh Government Employees

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

      Every lending organization charges you a penal prepayment fee if you wish to close the loan before the fixed loan tenure. Most of the time, you can not close your loan before 12 months. After that, the prepayment 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 amount.

      Personal Loan For Madhya Pradesh Government Employees EMI Calculator

      EMI is the Equated Monthly Installments that are the monthly pre-determined payments that you will pay to the bank as a monthly refund for the loan amount that you have borrowed. The rate of interest on your personal loan is determined on the basis of your profile. Your EMI can be calculated on the basis of the Interest Rate 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 Madhya Pradesh Government Employees

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

      The foundations also examine the detailed and descriptive behavior on the previous loans that you have taken and this comprises descriptions on the type of loan taken and the loan amount borrowed. If there are any late payments to your previous loan, then it will act as a barrier in your personal loan application.

      Personal Loan For Madhya Pradesh 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 Madhya Pradesh Employees Agent in Chhattisgarh

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

      Apply online at www.dialabank.com or you can contact  9878981166.

      Personal Loan For Madhya Pradesh Government Employees Contact Number

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

      FAQs for Personal Loan For Madhya Pradesh Government Employees 

      Who can apply for a personal loan for Madhya Pradesh government employees?

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

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

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

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

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

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

      The minimum age required is 21 years and the maximum age is 60 years for getting a personal loan for Madhya Pradesh government employees.

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

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

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

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

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

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

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

      The minimum income required for Madhya Pradesh government employees is Rs. 15,000 per month for availing of a personal loan.

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

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

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