Simple signup & login
By just entering the mobile number or email address, a government employee can get registered on the Hero FinCorp Instant Personal loan app
Features and Benefits of Personal Loan For Government Employees
The features and benefits of personal loan for government employees are not different from other borrowers. Even government employees get personal loan approval on the basis of their monthly salary and a positive CIBIL score:
Hassle free documentation
No physical documentation is required. A paperless documentation procedure saves a lot of time invested in physical verification
Low interest rate
If you are a government employee and retain a good credit score of timely repayment of debts, then a low interest rate can be levied on the loan amount as per the norms of the lender. The interest rate may vary from lender to lender.
Customize your loan amount & EMI
A loan EMI calculator allows you to customize your loan amount, tenure & EMI and saves your valuable time. With the help of loan EMIcalculator you can get an accurate estimation of the EMI amount to be repaid.
Instant approval
After the application and proper verification the loan amount gets approved within 24 hours and gets disbursed directly into your account.
Flexible repayment option
Choose repayment tenure anywhere between minimum 6 months to maximum 36 months as per your convenience and capability to repay the loan amount.
Eligibility Criteria for Personal Loan for Government Employees
Personal loan for government employees follows a set of eligibility criteria that increases the chances of loan approval on the same day. The Hero Fincorp instant personal loan app follows simple eligibility criteria for government employee loans.
01
You must be a citizen of India
02
You must be between the age of 21-58 years
03
The minimum work experience should be 6 months
04
Your minimum monthly income should be Rs.15000/- monthly
The essential documents for availing government employee loan via Hero Fincorp personal loan includes:
05
Identity Proof- Aadhaar card/ Driving license/ Voter ID
06
Address Proof- Electricity bill/ Passport/ Aadhaar card
07
PAN card for financial details
08
Income Proof- 6 months bank
09
Loan requirement details
How to Apply for Personal Loan for Government employees?
A government employee can be anyone such as a doctor, a bank officer or a teacher. A personal loan application can be made by anyone who needs to arrange emergency cash. Follow the easy loan application process to avail a speedy personal loan for government employees via Hero Fincorp:
- 1
Enter your mobile number and area pin code
- 2
Enter your Aadhar card number linked to your mobile number or use your Smart Card Driving License
- 3
In the absence of Aadhar card number/Smart card/ Driving license, ID proof or Address proof becomes mandatory
- 4
Before filling the loan application form, customize your loan amount, tenure and interest rate using loan EMI calculator that will allow you to plan EMIs accordingly
- 5
Fill in the loan application form with employment and financial details
- 6
Enter your PAN card number
- 7
KYC documents are mandatory
- 8
Lastly, choose the purpose of instant personal loan
Finally, government employees using Hero FinCorp personal loan app can avail different types of personal loan such as wedding loan, travel loan, medical loan, education loan, pension loan, top-up loan etc. Borrowers can avail a loan amount of minimum Rs. 50,000 to 5 lakh from the Hero FinCorp loan app. Once all the online formalities are submitted and verified to be authentic, the loan amount will be disbursed in the borrower’s registered bank account.
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Frequently Asked Questions (FAQs)
Yes, a government employee can very well avail personal loans through instant loan apps online like Hero FinCorp, a secured personal loan app easily downloadable from Google Play Store to fulfil instant cash requirements of government employees up to ₹5 lakh.
Government employees can avail both short - term loans and long - term loans following the set eligibility criteria and mandatory documents required for loan approval. A short - term loan up to 3 lakh can be easily sanctioned via instant loan apps whereas a long - term loan of more than 5 lakh can be availed a through secured loan procedure involving collateral.
A government employee can get a loan following a similar loan procedure followed by private - sector borrowers. However, the basic personal loan online loan application procedure remains the same even for government employees. Applying for a personal loan online will save a considerable amount of time and give sanctions within 2 days.
Hero FinCorp Instant Personal Loan is a secured personal loan app easily available to fulfil your instant cash requirements up to ₹ 5 lakh. Besides, the loan application procedure is hassle-free with paper less documentation.
Minimal documents are required when applying for a personal loan online.E-KYC documents like Aadhar card / smart card/ driving license/pan card are the mandatory documents.
Borrowers between 21 to 58 years of age with a minimum income of 15000/- are eligible to apply for a personal loan.