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Are you a government employee who needs urgent money for any unforeseen or pre-planned expenditure? Apply for a Personal Loan for Government Employees of up to Rs 5 Lakh from Hero FinCorp online and receive approval within 10 minutes.
Our Personal Loans can be easily applied by any government employee with a minimum monthly salary of Rs 15,000 only. There is no need to provide any security or collateral as these loans are unsecured.
Our Personal Loans are available at competitive interest rates starting from 1.58% per month and flexible repayment tenures of 12 to 36 months. The best part is that you can use the loan amount for any planned or unplanned expense.
Before you apply for a Personal Loan, you should check out the features and benefits of these loans. Here are the key advantages and features of Hero FinCorp’s Personal Loan for Government Employees
Here are the key documents required for Personal Loan for government employees. You must keep these handy before applying to ensure a smooth borrowing experience
Interest rates are crucial when it comes to the overall loan expenses. It is a part of each instalment paid every month. Therefore, you need to check Personal Loan interest rates before applying.
Fees & Charges | Amount Chargeable |
Interest Rate | Starting from 1.58% per month |
Loan Processing Charges | Minimum 2.5% + GST |
Prepayment Charges | N.A. |
Foreclosure Charges | 5% + GST |
EMI Bounce Charges | Rs 350/- |
Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
Cheque Bounce | Fixed Nominal Penalty |
Loan Cancellation | 1. Online loan app does not charge any cancellation charges 2. Interest amount paid is non-refundable 3. Processing charges are also non-refundable |
A government employee can be functioning in any role - as a teacher, doctor or bank worker. Any cash crunch or money emergency can be solved or funded by an instant Personal Loan.
Here is the stepwise process to apply for a Personal Loan for government employees online.
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
A Personal Loan can be used by the government employees for various purposes. Here are the most common uses:
Yes, government officials can take a Personal Loan of Rs 5 Lakh online from Hero FinCorp. You can apply easily using our website or loan app.
Hero FinCorp Instant Personal Loan is a secured Personal Loan app easily available to fulfil your instant cash requirements up to Rs 5,00,000. Besides, the loan application procedure is hassle-free with paperless documentation.