Loan For Government Employees
Whether it is a medical emergency or a sudden travel plan, a wedding venue booking or time for home renovation, you can do all this and more without worrying about lack of money. HDFC Bank Personal Loan for government employees is just the solution to your financial problems that helps you Live Your Way. The loan for government employees helps cater to their personal needs. The Personal Loan is available to employees of public sector undertakings (PSUs), including central, state and local bodies. The Personal Loan for government employees offered by HDFC bank comes with tenure of up to 6 years.
Features
Loan against your salary: The Personal Loan for government employees is an collateral free loan offered by the bank against your salary. It helps if you are an existing HDFC Bank customer with a very good credit and repayment history and a healthy CIBIL score.
Apply online for a Personal Loan: You can get a loan for government employees from HDFC Bank right from the comfort of your home. No need to step out or wait in queue at the bank branch.
Little or no documentation: The process can be completed online, and the bank requires minimal documentation as part of the loan process. Moreover, the steps are further reduced for existing HDFC Bank customers.
Quick, stress-free loan: Get your loan approved within less than 4 hours, and the money in your bank account within one working day from the time of document submission.
Eligibility
- Must be between 21 years and 60 years of age
- Salaried employees at public sector undertakings (PSUs), including central, state and local bodie)
- Must have had a job for at least 2 years, with a minimum of 1 year with the current employer
- For an HDFC Bank Salary Account holder: must have a minimum net monthly income of Rs 25,000.
- For a non-HDFC Bank Salary Account holder: must have a minimum net monthly income of Rs 50,000
*Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal is at the sole discretion of HDFC Bank Ltd.
Documents
- Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement for the previous 3 months (Passbook for previous 6 months)
- Two latest salary slips/current dated salary certificate with the latest Form 16
- Proof of end use
Interest Rates & Charges
| Rate of Interest | 10.85 % to 25.00% |
| Processing Fees | Up to ₹6,500/- + GST |
| Tenure | 03 Months to 72 Months |
| Documents Required | No Documents for Pre-approved Personal Loan For Non Pre-approved - Last 3 Months Bank statements, 2 Latest Salary Slip and KYC |
FAQs
What is Personal Loan for government employees?
A Personal Loan for government employees is a loan product that helps you meet your urgent financial needs or other personal expenses.
How to apply for online Personal Loan for government employees?
You can visit HDFC Bank official website to apply online for a bank loan for government employees, or click here.
What is the eligibility for Personal Loan for government employees?
Please refer to the ‘Eligibility Criteria’ section of this page for more details.
What are the uses of Personal Loan for government employees?
A Personal Loan for govt employees can be used for any number of purposes, as the bank places no end-use restriction on the same.
How much loan amount can I take for Personal Loan for government employees?
You can avail of a Personal Loan of up to Rs 40 lakh from HDFC Bank.