हिंदी में पढ़े
Features of Personal Loan for Government Employees
- Competitive Interest Rates
- Collateral-free loans
- No minimum loan amount criteria
- Maximum loan amount shall depend on repayment capacity
- Repayment Tenure from 12 months to 72 months
Below mentioned is the comparison of personal loan interest rates offered by leading banks, along with basic features, eligibility and documents required for Government employees to avail personal loans:
Comparison Table of Interest Rates offered by leading banks/NBFCs
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 12.00% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Eligibility Criteria for Government Employees
- Permanent or confirmed employees working at Central and State Government organizations, Public Sector Units (PSU) and Government schools and colleges are eligible
- Employees of Defense and personnel ministries & Officers in all India services are also eligible
- Age Criteria: Minimum 18 years and maximum 67 years
- CIBIL score: Applicants having credit scores of 750 and above usually have higher chances of availing personal loans at lower interest rates
- Income: Most of the banks consider a minimum monthly salary of Rs. 15,000
- Financial stability: Take home salary should not be below 30% after all EMIs deductions
- Job tenure: Shall vary from bank to bank, at least 1 year required
Also Read: Personal Loan Eligibility Criteria of Top Lenders
Check Your Free Credit Score to know personal loan eligibility Check Now
Documents Required for Personal Loan Application
- Duly filled application form with passport-sized photographs
- Identity, Age and Address proofs
- Proof of employment
- Last 6 months’ salary slips
- Last 1 year’s bank statement
- Signature proof verification
- Any other document required by the bank