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Personal Loan for Government Employees
Loan up to Rs 5 Lakh
Minimum Salary Required ₹15K
Tenure up to 36 Months
Personal Loan For Government Employed EMI Calculator
Get Personal Loan for Government Employees Up to 5 Lakh
If you are a government worker who needs immediate money for any unforeseen or pre-planned expenditure, you can apply for a Personal Loan for Government employees online and receive approval within 10 minutes. A Personal Loan for government employees is easier to get because of the security of their job and predictability of income. The best thing is that even novices can avail a loan on 15k salary.
Hero FinCorp provides collateral-free loans of Rs 5 Lakh for government employees at competitive interest rates of 1.58% per month. To make your EMIs low-cost, the applicants can opt for a tenure of 12 to 36 months.
Features and Benefits of Personal Loan For Government Employees
The terms and conditions of Personal Loans for government workers are similar to regular Personal Loans. Here’s a look at the key features and advantages of online Personal Loans.
Hassle free documentation
Enjoy a fully paperless process, saving time on verification.
Attractive interest rate
Government employees with high credit scores can get attractive loan interest rates.
Customize your loan amount & EMI
Use the Personal Loan Calculator to find a suitable loan plan with manageable EMIs by changing the loan amount and tenure.
Instant approval
You can get loan approval in 10 minutes when you apply online
Flexible repayment option
Choose a tenure between 12 to 36 months for easy repayment
Safe and secure loan app
Ensure complete safety and confidentiality of your personal details.
Eligibility Criteria for Personal Loan for Government Employees
Personal Loans for government employees follow a set of eligibility criteria that increases the chances of instant loan approval. Hero FinCorp has simple Personal Loan eligibility criteria for government employees.
Citizenship
The applicants must be an Indian citizen.
Age Requirement
You must be in the age group of 21 to 58 years.
Work Experience
At least six months experience in your current job
Monthly Income
The minimum monthly income should be Rs 15,000.
Documents Required for a 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
Proof of Photo Identity
Driving Licence, Passport, PAN Card, Aadhaar card
Proof of Income
Six Months’ Salary Slips & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driving Licence, Passport, Aadhaar Card, Utility Bill
Interest Rates and Charges on Personal Loan For Government Employees
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.
How to Apply for Personal Loan for Government employees?
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.
- 1
Go to the website of Hero FinCorp.
- 2
Proceed to the Personal Loan page and click ‘Apply Now’
- 3
Input your mobile number and confirm with the received OTP
- 4
Select the loan amount you require
- 5
Confirm your KYC details to determine income eligibility
- 6
Submit to finalise your application
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