Loan for Government Employees

Loan for Government Employees

Government employees can check their pre-approved offer for Bajaj Finserv Personal Loan with just phone number and OTP.
Loan Types

Loan Types

FAQs

FAQs

Video

Video

Rs. 40000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Check now

Enter mobile and OTP | Apply online | Get money in a day*

A personal loan for government employees comes with quick approval, minimal paperwork, and flexible tenure. Need funds for travel, education, or emergencies? Check your pre-approved loan offer in just 2 steps.


With low interest rates starting at 10%* p.a. and repayment periods up to 96 months, you can get funds in 24 hours and manage expenses easily.


Tip: To get a clear idea of how much you can borrow and comfortably repay, use our free online personal loan eligibility calculator. It will help you determine the loan amount that fits your financial situation best.

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Features and benefits of personal loan for govt employees

  • 5 minutes* approval

    Apply online and get swift approval on simple eligibility terms.

  • 24 hours* money transfer

    Receive funds in your bank account within 24 hours* of approval and document verification.

  • Flexi loan facility

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans. Plan with our EMI calculator

  • Simplified paperwork

    Submit only essential documents to apply.

  • Transparent policies

    Zero hidden fees. Read our terms and conditions.

  • Virtual account access

    Manage your loan on My Account - track EMIs, view statements, and more.

  • Multipurpose use

    Use your loan for any need - wedding, travel, medical, or education.

The Bajaj Finserv Personal Loan for government and PSU employees is an easy solution for all your monetary needs. Meet the simple eligibility criteria and provide a few personal loan documents to receive money in the bank in a short time.


Our unsecured personal loan is available for all PSU (Public Sector Undertakings) employees including local, state and central government employees extending funding of up to Rs. 40 lakh, bearing zero spending restrictions. This makes them ideal solutions for your financing needs and goals, whether unplanned or planned. Use the money to fund home renovations, a wedding, higher education, overseas travel, or any other need with ease.


*Terms and conditions apply

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Eligibility criteria and documents for personal loan for government employees

  • Eligibility criteria

    Any central or state government employees can avail of a loan by meeting Bajaj Finserv’s simple personal loan eligibility criteria.. Railway and other government employees can apply for a personal loan in just four easy steps.


    • 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. 

Repayment tenure for personal loans for government employees

The exact repayment duration depends on the lender's policies, the loan amount, and the borrower's creditworthiness. Government employees often enjoy favourable interest rates and flexible repayment terms compared to other borrowers. With Bajaj Finance Personal Loan, you can get a convenient repayment period of up to 96 months.

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How to apply for personal loan for government employees

  • 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.
    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.

As you go through the personal loan interest rates and charges offered on loans for state or central government employees, be assured of zero hidden costs. You will get the best fees and charges on your loan as Bajaj Finance Limited offers attractive personal loan interest rates for government employees.


Calculate your loan EMIs

An EMI calculator is a valuable tool for anyone considering a loan. EMI, or Equated Monthly Instalment, is the amount you pay each month to repay your loan. An EMI calculator helps you estimate these monthly payments based on the loan amount, interest rate, and tenure.  By entering these details, the calculator provides a clear breakdown of your EMI, total interest payable, and overall loan repayment amount.

Using an EMI calculator offers several benefits:


  • Budget planning: Helps you determine how much you can afford to borrow and comfortably repay.
  • Comparison: Allows you to compare different loan options and interest rates.
  • Financial clarity: Provides a detailed view of your monthly obligations and total loan cost.

It’s a simple yet powerful tool that helps you make informed financial decisions, ensuring you select a loan that fits your budget and goals.


Check personal loans for different uses
 

Personal Loan for Medical ExpensesPersonal Loans for TravelPersonal Loan for Wedding
Personal Loan for Home ExpensesPersonal Loan for Higher EducationPersonal loan for Agriculture Expenses
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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 24 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of Interest per annum

10% to 31% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi facility charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.
Principal Holiday Facility Fees
  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Bounce charges

Up to Rs. 1,200 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason

Pre-payment charges

Full pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Part pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part pre-payment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.

*Foreclosure will be processed post clearance of first EMI

Penal charge

 Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.

Broken period interest / Pre-monthly Instalment interest

Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:


EMI Date : 2nd

Scenario 1: If Loan is disbursed on 1st or post 10th of the month:

For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement
For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment

Scenario 2: If Loan is disbursed between 3rd and 10th of the month:
First instalment will consist of interest for actual number of days

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.