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LOAN FOR GOVERNMENT EMPLOYEES
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval
Personal Loan For Government Employed EMI Calculator
Get Personal Loan for Government Employees Up to 5 Lakh
Obtaining a Loan For Government Employees is quite easy due to job stability and income regularity. If you are employed in a government department and need funds to cover your urgent or planned expenses, opt for a Personal Loan for Government Employees at Hero FinCorp. With a loan amount of Rs 50,000 to Rs 5 Lakh, you can quickly cover the cost of your wedding, education, home renovation, travel plan, etc., without hassle.
Hero FinCorp offers collateral-free loans for government employees at attractive interest rates starting at 19% per annum. To keep your EMIs affordable, opt for a tenure of 12 to 36 months.
Features and Benefits of Personal Loan For Government Employees
The features and benefits of Personal Loans 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
Enjoy a fully paperless process, saving time on verification.
Attractive interest rate
Government employees with good credit scores can get competitive rates.
Customize your loan amount & EMI
Adjust loan amount, tenure, and EMI using the loan calculator.
Instant approval
Get quick loan approval when you apply online.
Flexible repayment option
Choose a tenure between 12 to 36 months for easy repayment.
Safe and secure loan app
Ensure complete safety and confidentiality of your personal details.
Eligibility Criteria for Personal Loan for Government Employees
Personal Loan for government employees follows a set of eligibility criteria that increases the chances of instant loan approval. Hero Fincorp has simple eligibility criteria for government employee loans.
Citizenship
You should be a citizen of India.
Age Requirement
You must be between 21 to 58 years to be eligible for the loan.
Work Experience
You should have at least six months experience in your current job.
Monthly Income
The minimum monthly income required is Rs 15,000.
Documents Required for a Personal Loan for Government Employees
Documentation requirements are minimal for a Personal Loan at Hero FinCorp. Here are the separate documentation requirements for a Personal Loan for government employees:
Proof of Photo Identity
Driving Licence, Passport, PAN Card, Aadhaar card
Proof of Income
Six Months’ Salary Slips & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driving Licence, Passport, Aadhaar Card, Utility Bill
Proof of Business Existence
Not Applicable
Interest Rates and Charges on Personal Loan For Government Employees
Knowing the interest rates and charges on a Personal Loan is crucial before applying. These factors influence your repayment amount and total loan cost. Hero FinCorp offers competitive rates, ensuring manageable EMIs based on your income and credit profile.
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
Visit the Hero FinCorp website.
- 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
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Frequently Asked Questions (FAQs)
Yes, government employees can avail of a Personal Loan of up to Rs 5 Lakh online from Hero FinCorp. You can apply easily through our website or loan app.
Government employees can avail of short-term or long-term loans based on eligibility and required documents. Loan amounts range from Rs 50,000 to 5 Lakh, depending on eligibility and financial requirements. Apply online for quick approval.
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.