Best Banks for Personal Loan For Chhattisgarh Government Employees
Feature
HDFC Bank
Private Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
0.12
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt
1% - 2.5% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes
Personal Loan For Chhattisgarh Government Employees Features
For Chhattisgarh Government Employees, there is an availability of a Personal Loan. Many banks and NBFCs providing personal loans instantaneously for government employees. For getting a low-interest rate Personal Loan, you must apply through Dialabank.
- Get a loan approval faster.
- Flexible Loan Tenure: Range from 12 to 60 months
- You can get the maximum amount of loans is up to Rs. 20 lakh.
- For getting a personal loan for Chhattisgarh Government Employee, your monthly income is Rs. 15,000 minimum.
- Personnel working in Central & State Government, PSUs, Railways, and Defense can avail personal loans at attractive interest rates.
- There is a requirement of the CIBIL score for Personal Loan For Chhattisgarh Government Employees, which is above 750.
Benefits of Personal Loan for Chhattisgarh Government Employees
- Quick Loan Approval: Being a Chhattisgarh government employee, you can get the loan approval faster. If your eligibility is equivalent to the lender, then your loan application will be accepted quickly.
- Fastest Disbursal: If your loan gets approved quickly, then the loan amount will be disbursed faster in your bank account.
- Easy Repayments: There are options of repayments with flexible loan tenure for availing of the personal loan government employees in Chhattisgarh. Refund the loan amount with reasonable EMIs.
- Minimal Documents: There are minor documents required for the availing of a personal loan. An individual needs to submit a few records.
- Maximum Loan Amount: You can get a maximum loan amount of up to Rs.20 lakh for fulfilling all your financial needs that can easily be attained without any problem.
- Online Process: For an online process, it is a smooth process, wherein just a few steps an applicant can apply and get the loan amount. The process is quick and smooth.
Purposes of Personal Loan For Chhattisgarh Government Employees
- For a Wedding or any other Family function expenditures.
- For the educational purposes of self or family.
- Finances are required for the renovation or refurbishing of your house.
- Finances required for Emergencies & medical expenses.
- Personal Loan finances can be used to go on a vacation.
Types of Government Employees Personal Loan Chhattisgarh
Public sector Undertakings (PSUs) or CPSEs
Employees are offered increased loan amounts with the top in class interest rates. In addition, the Department of Public Enterprises distributes guidelines for categorisation in categories I & II based on their financial performance, net worth, revenue & profit as MAHARATNA /NAVRATNA/MINI RATNA.
Public Sector Banks
The Indian government holds on to most posts in the Public Sector Banks, (i.e. more than 50%). Thus, these include in the Government categorisation for sourcing of Personal Loans.
Personal Loan for Army and Defence Personnel
The Defence forces, including the Indian Armed Forces which are the military forces of the country.
Leading Banks offers special rates & discounts on processing fees to the Defence & Army Personnel. Also, it provides flexible loan tenure that differs from 12 months to 60 months.
Indian Railways
The Gazetted Staff of the Indian Railway is encompassed in the particular government category for Personal Loans.
Personal Loan for Pensioners
Pensioners can avail of a personal loan who are retired personnel of the Central Government, State government & Defence services. Thus, after serving in the government services for a continuous lifespan, the employees are guaranteed a safe & secure livelihood on retirement.
The pension should be collected in their regular income banks to pensioners to meet their funds’ requirements for medical expenditures, a child’s wedding, or any other personal use. 5 years is the loan tenure after the retirement date for the pensioners. A pensioner’s maximum age is 76 years.
Eligibility Criteria for Army/Defence Personnel
| Job Experience | 1-year minimum |
| Occupation | Personnel of paramilitary forces like BSF, ITBP, CRPF, Coastal Guards, CISF, Assam/J&k Rifles |
| Security | Charge over assets get out of the loan |
Personal Loan For Chhattisgarh Government Employees Eligibility Criteria
- Profession: For Chhattisgarh government employees, the process is quick and hassle-free. For getting a personal loan, workers working in any public sector unit (PSU), central and state government departments, and government schools and colleges.
- Age Criteria: A minor age of the applier must be at least 21 years, and the maximum period is 60 years at loan maturity.
- Loan Tenure: There is a flexible loan tenure in the repayment of the loan amount. The loan tenure varied from 12 months to 60 months.
- Processing Fees: The processing fees charged for Chhattisgarh government employees for a personal loan is 1% of the loan amount.
- CIBIL score requirement: The CIBIL score required for the Chhattisgarh government employees for getting a personal loan must be 750 and above.
- Job Tenure: The job tenure of the applicant is also taken into consideration by banks before providing a personal loan for Chhattisgarh government employees. For government employees working for a 1-year minimum, there will not be any trouble in availing of a loan. However, people who have just joined the government service may have to check out with the bank.
Documents Required for Personal Loan For Chhattisgarh Government Employees
For Salaried Class Individuals
- Anyone Photo Identity Proof: Passport, Voter’s ID, PAN Card, Driving License, or Aadhar Card
- Anyone Residence Proof: Passport, Aadhar Card, Utility Bill, Ration Card, or Driving License
- Residence Ownership Proof(Anyone): Electricity Bill, Property Documents, or Mainatainence Bill
- Income Proof: Salary Slips of last three months with Form 16 and the bank statements for the previous 6 months
- At least one Proof of Job Continuity: Employment certificate of current employer, Experience Certificate, or Employment letter from the current employer
- Investment Proof(if any): Fixed assets, fixed deposits, shares, etc.
- Passport size colour photograph: 1
For Pensioners
- Identity/Age Proof (Anyone): Ration Card, PAN Card, Voter ID Card, Passport, Driving License, School Leaving Certificate, or Birth Certificate
- Address Proof (Anyone): Aadhar Card, Passport, Ration Card, Utility Bills, or Driving License
- Income Proof (Anyone): Bank passbook, bank statements of the last 6 months, Form 16, Income Tax Returns, or Copy of Pension Payment order
- Recent passport-sized photographs
Personal Loan for Chhattisgarh Government Employees EMI, Interest Rate, and Total Repayment Amount
| Interest Rate | 9.99% |
| Processing fees | 1% of the loan amount |
| Prepayment charges |
4% of the loan amount in 2nd yr; 2% of the loan amount in the 4th year |
| Repayment options | Up to 5 years |
| Maximum loan amount | Rs.20 Lakh |
| Loan approval time | 10 Minutes |
How to Apply for Personal Loan For Chhattisgarh Government Employees
If you want to get an instant Personal Loan, individuals don’t require to go to the bank’s branch as applicants can apply for it online at Dialabank within minutes.
- Visit the website Dialabank.
- Click the loan section and press on the link of a personal loan.
- The applicant will be directed to fill in all details like name, location, etc., to choose their favourable location.
- For more info and free assistance regarding a personal loan for Chhattisgarh government employees, you may call 9878981166.
Processing Fees / Prepayment Charges for Personal Loan for Chhattisgarh Government Employees
Most of the institutions and banks charge two types of charges from their customers. First, every Bank and NBFC charges a fee for processing your Loan For Chhattisgarh Government Employees application. The processing fee for getting a personal loan for Chhattisgarh government employees is 1% of the loan amount.
Every lending foundation charges you a penal prepayment fee to close the loan before the fixed loan tenure. In most cases, you will not be capable of completing your loan before 12 months. Post that, the charges will rely on the years of the loan has been done. Prepayment charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan amount.
Personal Loan For Chhattisgarh Government Employees EMI Calculator
EMI is the Equated Monthly Installments. These are the monthly pre-determined charges you will pay to the bank as monthly repayment for the loan amount you have borrowed. The interest rate on your loan is determined based on your profile. Therefore, your EMI can be calculated based on the Interest Rate charged by the bank and the loan amount you have to take and the period for which you enjoy the loan.
To calculate EMI: Personal Loan EMI Calculator
CIBIL Score Required for Personal Loan For Chhattisgarh Government Employees
Every lending institution has its norm for the minimum CIBIL score required for processing a Personal Loan For Chhattisgarh Government Employees application. Most institutions need a minimum score of 750 to process your Loan for Chhattisgarh Government Employees application.
The foundations don’t just look at the overall score but also examine the complex behaviour of the previous loans you have taken. This comprises descriptions of the type of loan taken and the loan amount borrowed. If there are any late payments to your previous loan, it will act as an obstacle in your loan application.
Personal Loan For Chhattisgarh Government Employees Pre-Calculated EMI Table
Personal Loan For Government Employees Agent in Chhattisgarh
Dialabank is the leading and most trustworthy agent for availing the Personal Loan For Government Employees in Chhattisgarh. It helps in offering you the best deals as per your preference.
You can apply online at Dialabank or contact me at 9878981166.
Personal Loan For Chhattisgarh Government Employees Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan for Chhattisgarh Government Employees.
FAQs for Personal Loan For Chhattisgarh Government Employees
✅ Who can apply for a personal loan for Chhattisgarh government employees?
Personnel working in any public sector unit (PSU), central and state government departments, and government schools and colleges can get a personal loan for government employees.
✅ What is the interest rate for a personal loan for Chhattisgarh government employees?
The interest rate for getting a personal loan for Chhattisgarh government employees is 9.99% per annum.
✅ What is the loan tenure for getting a personal loan for Chhattisgarh government employees?
The loan tenure ranges from 12 months to 60 months for getting a personal loan for Chhattisgarh government employees.
✅ What is the age requirement for the availing of a personal loan for Chhattisgarh government employees?
The minimum age required is 21 years, and the maximum period is 60 years for getting a personal loan for Chhattisgarh government employees.
✅ What is the maximum age limit for pensioners applying for a personal loan for Chhattisgarh government employees?
The maximum age limit for pensioners is 76 years who want to apply for a personal loan for Chhattisgarh government employees.
✅ What is the processing fee charged for a personal loan for Chhattisgarh government employees?
The processing fee for a personal loan for Chhattisgarh government employees is 1% of the loan amount.
✅ What will be the loan tenure available for a personal loan for Chhattisgarh government employees?
The loan tenure available for a personal loan for Chhattisgarh government employees will vary from 12 months to 60 months.
✅ What is the minimum income requirement for Chhattisgarh government employees for the availing of a personal loan?
Chhattisgarh government employees must have a minimum income of Rs. 15,000 per month for availing of a personal loan.
✅ For what purpose of being a Chhattisgarh government employee I can get a personal loan?
You can get a personal loan to pay for the education expenses of self or family, for use in Emergencies & medical expenses, to renovate or refurbish your home, to meet expenditures for a Wedding or any other Family function.
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