Are you a government employee and looking for a personal loan? Then you must apply for a loan from the best private banks in India. Because they provide the best offers to the applicants and give an attractive rate of interest. Read this article to know about schemes of personal loan for government employees of top private banks.
List of banks and their loan schemes for salaried government employees If you want a personal loan for an easy management of your debts and high expenses then you can apply for a loan from the below-mentioned banks. HDFC: A special offer for the govt. employees working in central or state government can apply for the personal loan from HDFC Bank. It provides an attractive interest rate and repayment duration up to 5 years. You can borrow a maximum of INR 40 lakh from the bank if you have a minimum net monthly income of INR 15,000 to 20,000. The interest rate on your loan amount ranges from 10.99% to 16.50%. So, it is a better personal loan for government employees scheme if your salary is INR 15,000 and above. ICICI: To get a loan up to INR 40 lakh from the ICICI bank you must be a government employee and have an income of INR 17,500 and above. The bank applied a lower rate of interest on your loan amount that is starting from 11.29% per annum. You can apply for the ICICI personal loan for government employees scheme by submitting necessary fees and documents. Axis: If your monthly income is INR 15,000 and you are a government employee then you are eligible for Axis personal loan. Axis Bank provides a personal loan for government employees who are working in PSUs or central and local bodies. And the interest rate is ranging from 15.50% to 24.00% per annum. The repayment duration of the loan is up to 5 years and it can be done via ECS or auto-debit methods. Which documents are needed for the personal loan for government employees? The loan process and documentation is similar to the common personal loan, you just have to submit the ID, income and address proof. Income proof should contain the applicant’s salary slip and bank statement for the latest 6 months. All the government employees must submit their ID proof like PAN or Aadhar card during the loan process. Private banks usually take a lower fee for the personal loan processing that is 1.50% of the borrowed amount. To make payment of your loan you can use a suitable payment method. As the loan EMIs can be paid using ECS, PDCs, NACH and auto-debit. You can also change the payment method anytime by paying an applicable swapping charge that is a minimum of INR 500. So, get a personal loan for government employees from the mentioned private banks in India. And use the amount for paying your credit and loan dues or for managing your high-cost expense like medical, marriage or education.
0 Comments
Leave a Reply. |
Details
Anika Sharma
|