Know how a government employee can get a personal loan

India's banking and financial services business has changed a lot in recent years. Getting a loan used to be difficult. However, many NBFCs and banks now offer various loans with an easy process and minimal paperwork. Any employed person can apply for a personal loan, including government workers. There are no limits on applying for a personal loan if you work for the government of India—whether central, state, or a public sector undertaking (PSU). Personal loans for government employees can cover any big or small expenses, like medical emergencies, weddings, higher education, home repairs, or other needs.

Many financial institutions, including NBFCs, offer personal loans to government employees. However, the amount, repayment period, and personal loan interest rates will differ from lender to lender. You should check your credit score to make sure it's in good shape before applying for a loan. A good credit score increases your chances of loan approval and helps you negotiate better interest rates.

Bajaj Finance offers personal loans up to Rs. 55 lakh to government employees and other individuals with personal loan minimal documentation, simple eligibility criteria, and quick disbursement. 

✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.
 

Step-by-step guide to apply for a personal loan

1. Click on ‘CHECK ELIGIBILITY’ on this page.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the offer or loan amount that you need. Choose from our personal loan variants. (Know more about Flexi Loans)
6. Choose the repayment tenure and click on ‘PROCEED’.
7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

Fast disbursal of funds

One of the best features of our personal loan is that money reaches your bank account quickly. Once we review and approve your loan application, the money is deposited within 24 hours*. Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

Flexi benefits

We also have a Flexi option for our personal loans, which includes the Flexi Term Loan and the Flexi Hybrid Term Loan. These allow you to borrow from your approved loan limit freely and part-prepay based on your needs without extra fees. You only pay interest on the money you've borrowed. You can also lower your monthly payments by choosing the Flexi Hybrid Term Loan, which helps reduce initial EMIs by repaying only the interest on your loan for an initial tenure of up to 2 years.

Flexible tenures

You can manage your personal loan easily as you have between 12 months and 96 months to pay it back. You can also use a personal loan EMI calculator to figure out your monthly payments in advance.

Simple process

The process of applying for and receiving a personal loan for government employees is simple and can be done without any hassle. Moreover, there's not much paperwork involved when applying for a Bajaj Finserv Personal Loan.

No collateral

Personal loans don't require you to pledge any asset as collateral. This feature makes personal loans available to everyone with a good credit history and decent income.

No hidden charges

There are no hidden charges on our personal loans for government employees. Our fees are clearly described on our website and in the loan documents. We suggest you take time to carefully read these before applying for a personal loan.

Eligibility criteria

The following requirements determine your eligibility for a personal loan for government employees. Anyone can apply for our personal loan online, as long as they meet these basic requirements:

• Nationality: Indian
• Age: 21 years to 80 years.
• Employed with: Public, private, or MNC.
• CIBIL Score: 685 or higher.
• Customer profile: Self-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.

Documents required

• KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
• PAN card
• Employee ID card
• Salary slips of the last 3 months
• Bank account statements of the previous 3 months
• Piped gas bill
• Pension order
• Letter of Allotment of Accommodation Issued by Employer
• Property / Municipal tax receipt
• Utility bill
• Phone bill
• Real-time image / photograph
• Ration card

Check your eligibility for personal loan using just mobile number and OTP – 100% online process.