Attractive Personal Loan With Instant Disbursal For Government Employees
The world we live in is materialistic. From weddings to home renovations, all things require a huge amount of money. Sometimes, you can’t put off these expenses for later. We at Poonawalla Fincorp understand the need for an instant money, hence, we offer attractive Personal Loan for government employees.
Our online Personal Loan for government employees come with minimal documentation requirements and can instantly be procured from anywhere anytime. You can also use our Personal Loan EMI calculator to estimate your installment amounts and plan your loan repayment better.
Why Take a Personal Loan for Government Employee
Poonawalla Fincorp doesn’t put any restrictions on how you use the funds from the loan. Our instant Personal Loan for central government employees can be used to meet any financial obligation that you may have, including:
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Medical emergencies
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Home renovation
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Educational expenses
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Wedding expenses
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Buying your vehicle
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Paying off debt
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Buying jewellery
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Going on a vacation
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Other miscellaneous expenses
Personal Loan EMI Calculator
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EMI Amount = *
Personal Loan Interest Rates For Government Employees
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Loan Processing Fees | Up to 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources |
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Personal Loan Eligibility For Government Employees
As mentioned before, the Personal Loan eligibility requirements for government employees are minimal. The list is short and straightforward. By meeting our eligibility requirements, you will have a better chance of getting the Personal Loan approved.
Here are the criteria upon which Personal Loan for government employees is granted:
Personal Loan for Government Employees Eligibility Criteria
Age
Citizenship
Monthly income
Employer category
Employment
Credit Score
- Age : The applicant should be at least 24 years of age at the time of applying for the loan and a maximum of 57 years of age.
- Citizenship : The applicant must be an Indian citizen.
- Monthly Income : The monthly income of the applicant must be at least ₹30,000.
- Employer Category : Full-time job at Central Govt, and PSU
- Employment : The applicant must have work experience of at least one year. Further, they must be in their current employment for at least one months. This ensures that the applicant has a regular, steady income.
Please note that checking your credit score is important since it shows your credibility. Having a low credit score may not necessarily mean rejection, but the Personal Loan interest rate for government employees with a low credit score may differ.
Documents Required For Government Employees Applying For A Personal Loan
To sanction a personal loan, we require basic documents from your side to verify your identity, income, and other basic information. The documentation requirements are minimal. Our instant Personal Loan for government employees is based on the documents that you submit.
When you apply for a Personal Loan with Poonawalla Fincorp, you need to submit the following documents:
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KYC
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Address proof
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Income proof
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Financial documents
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Proof of Employment
Features And Benefits Of A Personal Loan For Government Employees In India
We at Poonawalla Fincorp make borrowing a seamless and hassle-free process. Our Personal Loan for central government employees comes with numerous advantages that make it a great option to meet any of your borrowing requirements. Our loan is easy to avail, requires no collateral, has minimum documentation needs, and the entire process can be completed online. You have to submit your application and documents to get an instant approval. This special Personal Loan for government employees.
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No restriction on usage of the loan amount
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Maximum loan amount of up to ₹30 Lakh
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No collateral needed
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Quick processing and disbursal
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Penalty-free prepayment
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Penalty-free pre-closure
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Flexible repayment tenure
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Complete online process
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Minimal documents required
Apply For Instant Personal Loan For Government Employees within 5 Minutes
Apply
Online
Apply Online
Click on Apply Now and fill in the complete application.
Personal
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Personal Details
Enter your DOB, qualification and residential details
Verification
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Application will then proceed for verification and assessment
Frequently Asked Questions
A Personal Loan is an unsecured loan that is offered to individuals to meet various financial obligations. You don’t need any collateral or assets to get Poonawalla Fincorp’s Personal Loan. All you need to do is to meet the eligibility criteria and submit the required paperwork to get an instant approval.
Any government employee at the Central or District level is eligible to avail of instant personal loans for government employees from Poonawalla Fincorp.
To get a Personal Loan for government employees from Poonawalla Fincorp, you must meet the following requirements:
- Have full-time employment with the government
- Must be an Indian citizen
- Must be aged between 24 and 57 years
- Must have at least one year of work experience
- Should be employed at the current job for at least six months
- Must earn a monthly income of at least ₹30,000
The Personal Loan interest rate for government employee that Poonawalla Fincorp offers is attractive and is among the best in the market. It starts at 9.99% p.a. and can go up depending on your credit score. Your interest rate will be lower if your credit score is higher.
No. Poonawalla Fincorp’s Personal Loan for government employees is an unsecured loan, which is collateral-free. If you have an asset you want to get a loan against, you can consider our other loan options, such as a loan against property.
You can use Poonawalla Fincorp’s Personal Loan EMI calculator to compute your EMI obligations. All you need to do is enter the loan amount, interest rate, and tenure to get your EMI instantly.
Yes, government employees can easily avail of loans to fulfil any financial requirement without any hassle.
Government employees tend to have a better chance of getting a loan approved thanks to their professional background. If they meet the eligibility criteria and submit the required KYC documents, getting a loan becomes a smooth and efficient process.
A Personal Loan for Government Employees refers to an unsecured loan than can be availed of to fulfil almost any financial need. Borrowers can use the funds to meet medical expenses, pay for higher education, travel overseas, and more.
As long as you ensure to repay the loan EMIs on time, your credit score will not be affected. It is important to make sure that you always pay your loan debts on time to maintain a healthy credit score
*Terms & Conditions Apply
