Best Banks for Personal Loan For Delhi 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 Delhi Government Employees Features
For Delhi Government Employees, there is an availability of a Personal Loan. Many banks and NBFCs are offering personal loans instantaneously for government employees. If you want to get a low-interest rate Personal Loan, you must apply through Dialabank.
- Loan disbursed quickly
- There is a flexible Loan Tenure that varies from 12 to 60 months
- You can avail of the max amount of loan is up to Rs. 20 lakh.
- For getting a personal loan for Delhi Government Employee, your monthly earning is Rs. 15,000 minimum.
- Employees working in Central & State Government, PSUs, Railways, and Defense can avail of personal loans at attractive interest rates.
- There is a requirement of the CIBIL score for Personal Loan For Delhi Government Employees above 750.
Benefits of Personal Loan for Delhi Government Employees
- Quick Loan Approval: Being a Delhi government employee, you will get the loan approval faster. If your eligibility match with the lender, then your loan application will be approved more quickly.
- Fastest Disbursal: The loan amount will be disbursed faster in your bank account if your loan gets accepted quickly.
- Easy Repayments: There are options of repayments with changeable loan tenure to avail the personal loan government employees in Delhi. You can repay the loan amount with affordable EMIs.
- Minimal Documents: There is little documentation required for the availing of a personal loan. An individual needs to show a few documents.
- Maximum Loan Amount: You can get a maximum loan amount of up to Rs.20 lakh, which means all your financial needs can easily be attained hassle-free.
- Online Process: For an online process, it is a smooth process, wherein just some steps an individual can apply and get the loan amount. The fast loan process as well as convenient.
Purposes of Personal Loan For Delhi Government Employees
- Finances for a Wedding or any other Family function.
- For the educational purposes of self or family.
- Funds are required for the renovation or rehabilitation of your home.
- Funds for Emergencies & medical expenses.
- Personal Loan finances can be utilised to go on a vacation.
Types of Government Employees Personal Loan Delhi
Public sector Undertakings (PSUs) or CPSEs
Workers are provided with increased loan amounts with top-class interest rates. In addition, the Department of Public Enterprises distributes guidelines for categorisation in categories I & II based on their net worth, financial performance, revenue & profit as MAHARATNA /NAVRATNA/MINI RATNA.
Public Sector Banks
The government of India holds on to the most employments 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 country’s Defence forces, including the Indian Armed Forces, are the country’s military forces.
Leading Banks provides special rates & discounts on processing fees to the Defence & Army Personnel. Also, it offers flexible loan tenure that differs from 12 months to 60 months.
Indian Railways
The Gazetted Staff of the Indian Railway is involved in the exclusive government category for Personal Loans.
Personal Loan for Pensioners
Pensioners can get a personal loan who are retired employees of the Central government, State government & Defence services. Thus, after serving in the government services for a complete lifespan, Employees are guaranteed a sheltered & secure livelihood on retirement.
The pension must get in their regular income banks to pensioners to fulfill their funds’ requirements for medical expenditures, a child’s wedding, or any other personal use. Loan tenure is of 5 years after the retirement date for the pensioners. A pensioner’s max-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 obtained out of the loan |
Personal Loan For Delhi Government Employees Eligibility Criteria
The personal loan eligibility criteria are as follows:
- Profession: For Delhi government employees, the process is fast and smooth. Employees work in any public sector unit (PSU), central and state government departments, and government schools and colleges to get a personal loan.
- Age Criteria: A minor age of the individual 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 refund of the loan amount. The variation loan tenure ranges from 12 months to 60 months.
- Processing Fees: The processing fees cha Delhi government employees for a personal loan is are of the loan amount.
- CIBIL score requirement: The CIBIL score required for the Delhi government employees for getting a personal loan must be 750 and above.
- Job Tenure: The job tenure of the individual is also taken into consideration by banks before offering a personal loan for Delhi government employees. For government employees working for at least 1 year, there will not be any problem in availing of a loan. However, people who have just started working in government service may have to check out with the bank.
Documents Required for Personal Loan For Delhi Government Employees
Essential documents required for availing Personal Loan:
For Salaried Class Individuals
- Anyone Photo Identification 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 Delhi 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 Delhi Government Employees
If you wish to get an instant Personal Loan, Applicants do not require to visit the bank’s branch as applicants can apply for it online at Dialabank within minutes.
- Visit the website Dialabank
- Click the loan section and click on the link of personal loan online.
- The applicant will be directed to fill in all details like name, location, etc. where they can select their preferred location.
- For more information and free guidance regarding a personal loan for Delhi government employees, you may call 9878981166.
Processing Fees / Prepayment Charges for Personal Loan for Delhi Government Employees
Most of the institutions and banks charge two types of payments from their applicants. First, every Bank and NBFC charges a fee for processing your Personal Loan For Delhi Government Employees application. The processing fee for getting a personal loan for Delhi government employees is 1% of the loan amount.
Every lending institution charges you a penal prepayment fee to close the loan before the pre-arranged loan tenure. In most cases, you will not close your loan before 12 months. After that, the charges will rely on the years of the loan that has been done. Prepayment charges range from 4% of the loan amount in the 2nd year to 2% in the 4th year of the loan.
Personal Loan For Delhi Government Employees EMI Calculator
Equated Monthly Installments is called the EMI i.e. the monthly set charges that you will pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the rate of interest on your loan is decided. Therefore, your EMI can be calculated based on the Interest Rate the bank charges you, the loan amount you have to take, and the time you enjoy the loan.
To calculate EMI: Personal Loan EMI Calculator
CIBIL Score Required for Personal Loan For Delhi Government Employees
Every lending institution has its criteria for the minimum CIBIL score required for processing a Personal Loan For Delhi Government Employees application. Most institutions need a minimum score of 750 to process your Loan for Delhi Government Employees application.
The organisations don’t just look at the overall score but also check out the detailed behavior on the previous loans that you have taken. Thismprises details on the type of loan you have taken and the loan amount borrowed. If there are any late payments to your previous loan, it will create an obstacle in your loan application.
Personal Loan For Delhi Government Employees Pre-Calculated EMI Table
Personal Loan For Government Employees Agent in Delhi
Dialabank is the leading and most trustworthy agent for availing the Personal Loan For Government Employees in Delhi. It helps in providing you with the best deals and offers as per your preference.
You can apply online at Dialabank, or you can contact me at 9878981166.
Personal Loan For Delhi Government Employees Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan for Delhi Government Employees.
FAQs for Personal Loan For Delhi Government Employees
✅ Who can apply for a personal loan for Delhi government employees?
Employees working in any public sector unit (PSU), central and state government departments, and government schools and colleges can get a personal loan for Delhi government employees.
✅ What is the interest rate for a personal loan for Delhi government employees?
The interest rate for getting a personal loan for Delhi government employees is 9.99% per annum.
✅ What is the loan tenure for getting a personal loan for Delhi government employees?
The loan tenure ranges from 12 months to 60 months for getting a personal loan for Delhi government employees.
✅ What is the age requirement for the availing of a personal loan for Delhi government employees?
The minimum age required is 21 years, and the maximum period is 60 years to avail a personal loan for Delhi government employees.
✅ What is the maximum age limit for pensioners applying for a personal loan for Delhi government employees?
The maximum age limit for pensioners is 76 years who want to apply for a personal loan for Delhi government employees.
✅ What is the processing fee charged for a personal loan for Delhi government employees?
The processing fee for a personal loan for Delhi government employees is 1% of the loan amount.
✅ What will be the loan tenure available for a personal loan for Delhi government employees?
The loan tenure available for a personal loan for Delhi government employees will vary from 12 months to 60 months.
✅ What is the minimum income requirement for Delhi government employees for the availing of a personal loan?
Delhi 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 Delhi government employee I can get a personal loan?
You can avail of a personal loan to pay for the education expenses of self or family, for utilisation in Emergencies & medical expenditures, to renovate or rehabilitate your home, to meet the costs for a Wedding or any other Family function.
