Personal Loan for Government Employees

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Loan up to Rs 5 Lakh
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Minimum Salary Required ₹15K
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Tenure up to 36 Months
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Instant Approval in 10 Minutes
Personal Loan For Government Employed EMI Calculator

Monthly EMI

₹ 0

Interest Payable

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Get Personal Loan for Government Employees Up to 5 Lakh

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.

 

Features and Benefits of Personal Loan For Government Employees

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

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Simple registration & login

Register easily on our website or app using your mobile number.

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Hassle free documentation

Enjoy a fully paperless process, saving time on verification.
 

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Attractive interest rate

Government employees with high credit scores can get attractive loan interest rates.

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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.

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Instant approval

You can get loan approval in 10 minutes when you apply online

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Flexible repayment option

Choose a tenure between 12 to 36 months for easy repayment

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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.
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Citizenship

You should be a citizen of India.

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Age Requirement

You must be between 21 to 58 years to be eligible for the loan.

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Work Experience

You should have at least six months experience in your current job.

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Monthly Income

The minimum monthly income required is Rs 15,000.

List of Documents Required for 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

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Proof of Photo Identity

Driving Licence, Passport, PAN Card, Aadhaar card

Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Months’ Salary Slips & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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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.

Fees & ChargesAmount Chargeable
Interest RateStarting from 1.58% per month
Loan Processing ChargesMinimum 2.5% + GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. Online loan app does not charge any cancellation charges
2. Interest amount paid is non-refundable
3. Processing charges are also non-refundable

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.

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  • 1

    Visit the Hero FinCorp website or install the personal loan app

  • 2

    Go to the personal loan page and click ‘apply now

  • 3

    Enter your mobile number and verify with the OTP received

  • 4

    Choose the loan amount you need

  • 5

    Verify your KYC details to check income eligibility 

  • 6

    Click ‘Submit’ to complete your application

Uses of Personal Loan for Government Employees

A Personal Loan can be used by the government employees for various purposes. Here are the most common uses:

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Gadget Purchase

A Personal Loan for Consumer Durables can help you buy a premium smartphone, laptop or any home appliance.

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Vehicle Repair or Down Payment

You can use an instant Personal loan to buy a bike/scooter or make a down payment for a car.

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Emergency Fund

An online Personal Loan can be used to create an emergency fund for emergency situations.

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Medical Emergencies

A Personal Loan for Medical Emergency is the ideal funding solution when you need money for healthcare-related needs.

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Home Renovation

If you want to upgrade your home interiors, kitchen or façade, you can take a Personal Loan for Home Renovation and repay in instalments.

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Education Expenses

You can take a Personal Loan for Education to handle all education-related expenses like tuition fees and study materials.

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Wedding Expenses

You can get approval for a Personal Loan for Wedding within 10 minutes of applying online. It can help you handle all wedding-related expenses.

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Travel & Vacation

Use a Personal Loan for Travel for your national or international trips and pay back in monthly   instalment in a tenure of up to 36 months.

Frequently Asked Questions (FAQs)

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.

Those working in the government sector can get a Personal Loan of up to Rs 5 Lakh at Hero FinCorp. However, the final loan amount will depend on their eligibility and credit profile.
A government employee can apply for a Personal Loan online through Hero FinCorp’s website or loan app. By meeting the eligibility criteria and submitting essential documents, they can get quick approval and disbursal of up to Rs 5 Lakh without collateral.

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.

Minimal documents are required when applying for a Personal Loan online. You just need to provide your KYC details and proof of income.
Borrowers between 21 to 58 years of age with a minimum income of 15000/- are eligible to apply for a Personal Loan.