Get Personal Loan for Government Employees at Attractive Interest Rates with Instant Disbursal
Are you a government employee? Do you need funds to renovate your home, pay hospital bills, or pay your child’s education fees? If yes, 1Rupay.com’s Personal Loan for Government Employees provides the perfect financial solution. You can easily repay the loan with competitive interest rates and flexible EMI options.
The Personal Loan for Government Employees is available for all government employees working at the central, state or district level and public sector undertakings or PSUs.
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Personal Loan for Government Employees Interest Rate
To help fulfil your dreams, the Personal Loan for Government Employees interest rate at 1Rupay.com have is one of the most competitive Lenders in the market, starting at 9.99%* p.a. Here’s a glance at the interest rate, processing fees, and other charges:
| Interest Rate | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Processing Fee | Up to 2% plus tax |
| Lowest EMI | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Personal Laon for Government Employees Eligibility Criteria
Our Personal Loan for Government Employees eligibility criteria are minimum so you can get maximum benefit.
Personal Loan for Government Employees Eligibility Criteria
Credit Score
Age
Citizenship
Monthly Income
Employment Category
Work Experience
- Credit Score : Minimum 700 and above.
- Age : Between 22 and 57 years.
- Citizenship : The applicant must be an Indian citizen.
- Monthly Income : The applicant must earn a minimum monthly salary of ₹30,000.
- Employment Category : The applicant must be a full-time central, state or district-level government employee or work with a PSU (Public Sector Undertaking).
- Work Experience : Must have at least one year of work experience and at least one month of stable employment with the current employer.
Note: The eligibility mentioned above list is indicative. Additional eligibility criteria may be required during loan processing by Our Lenders.
Documents Required
Our simple documentation process ensures that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, including:
KYC
Address proof
Income proof
Financial documents
Proof of Employment
Note: The above-mentioned loan documents list is indicative. Additional documents may be required during loan processing.
Features and Benefits of Personal Loan for Government Employees
Getting a Personal Loan for Government Employees from Poonawalla Fincorp is easy, requires no collateral and has minimal documentation needs. It comes with a range of other features and benefits including:
No restriction on usage of the loan amount
Maximum loan amount of up to ₹30 Lakh
No collateral needed
Quick processing and disbursal
Penalty-free prepayment
Penalty-free pre-closure
Flexible repayment tenure
Complete online process
Minimal documents required
How to Apply Personal Loan For Government Employees
- Step 1: Click on ‘Apply Now.’
- Step 2: Fill in the details like – DOB, qualification, residential address, etc.
- Step 3: Submit all the necessary documents for verification.
*****Once your documents are verified, the approved amount will be credited to your bank account.
Apply for Personal Loan For Government Employees within 5 Minutes
Apply
Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Enter your DOB, qualification, and residential details
Verification
Submit and upload all details for verification and assessment