Personal Loan Scheme For Government Employee

India's banking and financial services industry has evolved in recent years. Numerous NBFCs and banks have adapted to this changing landscape, providing an array of loans with a straightforward application process and minimal documentation requirements. Any employed individual, including government employees, can apply for a personal loan. There are no restrictions on obtaining for a personal loan if you work for the Indian government, whether at the central, state, or public sector level.

While the government itself may not directly offer personal loan schemes, government employees can obtain personal loans from other banking institutions. These loans cater to the diverse needs of government employees, facilitating financial flexibility without the existence of specific government-backed personal loan schemes. Bajaj Finance provides personal loans to government employees, among others, with minimal documentation and simple qualifying requirements.

✅  Check your eligibility for personal loan with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

• Quick disbursal
  One of the best aspects of our personal loan is that the funds are transferred swiftly into your bank account. Once we have reviewed and approved your loan application, the funds will be deposited into your bank account within 24 hours* of loan approval.
• Flexible tenures
  You can manage your personal loan with ease as you have between 12 months to 96 months to repay it. This flexibility allows you to plan your repayment without putting any strain on your finances.
• No hidden charges
  There are no hidden fees on our personal loans. Our personal loan interest rates are stated on our website and in the loan paperwork. We suggest that you read them carefully before applying for a personal loan.
• Flexi benefits
  We also provide Flexi options for personal loans, including the Flexi Term Loan and the Flexi Hybrid Term Loan. These allow you to make withdrawals freely from your sanctioned loan limit and part-prepay as needed without incurring any extra costs. You simply have to pay interest on the amount that you borrowed. You can also minimise your initial monthly payments by choosing the Flexi Hybrid Term Loan, which allows you to pay interest-only EMIs during the initial phase of your loan.

The following eligibility criteria for a personal loan decide whether you are eligible for a personal loan. Anyone can apply for our personal loan online, as long as they meet the following basic requirements:

• Nationality: Indian
• Age: 21 years to 80 years.
• Employed with: Public, private, or MNC.
• CIBIL Score: 650 or higher.
• Customer profile: Self-employed or Salaried

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

You must submit the following personal loan documents after meeting all qualifying requirements to complete the application procedure:

• 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