Personal Loan Scheme For Government Employee

Discover financial support with personal loan for government employees – low interest, flexible terms, and accessible assistance for diverse needs.
Personal Loan Scheme For Government Employee
5 min read
31 January 2024

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 does 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 of up to Rs. 40 lakh to government employees with minimal documentation and simple qualifying requirements.

Features of a personal loan for government employees

  • 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 6 months and 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 fees 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 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 monthly payments by choosing the Flexi Hybrid Loan, which allows you to pay interest-only EMIs during the initial phase of your loan.

How to apply for a personal loan?

Government employees may apply for our personal loan by following these steps:

  • Visit the personal loan page on our website.
  • Click 'APPLY' to open the online application form.
  • Enter your 10-digit mobile number and verify the OTP sent to it.
  • Complete the application form with your KYC and other basic information, including your complete name, PAN, date of birth, and PIN code.

Eligibility criteria for our personal loan

The following eligibility criteria 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: India
  • Age: 21 years to 80 years*
  • Employed with: Public, private, or MNC
  • CIBIL Score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in

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

Documents required for our personal loan

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

  • KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
  • Employee ID card
  • Salary slips for the last 3 months
  • Bank account statements for the previous 3 months

Visit our personal loan page to apply for a loan in a hassle-free manner.

Apply now and get funds instantly.


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*Terms and conditions apply