Best Banks for Personal Loan For Jammu and Kashmir 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 Jammu and Kashmir Government Employees Features
For Jammu and Kashmir Government Employees, there is an availability of a Personal Loan. Many banks and NBFCs providing personal loans instantaneously for Jammu and Kashmir government employees. If you want a low-interest rate Personal Loan, you must apply through Dialabank.
- Get a loan approval faster.
- Flexible Loan Tenure: Vary from 12 to 60 months
- You can get the amount of loan is up to Rs. 20 lakh.
- For getting a personal loan for Jammu and Kashmir Government Employee, your monthly income is Rs. 15,000 minimum.
- Personnel working in Central & State Government, PSUs, Railways, and Defense can avail of personal loans at an attractive interest rate.
- There is a requirement of the CIBIL score for Personal Loan For Jammu and Kashmir Government Employees, which is above 750.
Benefits of Personal Loan for Jammu and Kashmir Government Employees
- Quick Loan Approval: You can get the loan approval faster as a Jammu and Kashmir government employee. If your eligibility is equivalent to the bank, then your loan application will be accepted rapidly.
- Fastest Disbursal: If your loan gets approved quickly, the loan amount will be disbursed faster in your bank account.
- Easy Repayments: There are choices of repayments with flexible loan tenure for getting the personal loan government employees in Jammu and Kashmir. Refund the loan amount with attractive EMIs.
- Minimal Documents: There are the most minor documents required for getting a personal loan. An applicant has to present a few documents.
- Maximum Loan Amount: You can get a loan amount of up to Rs.20 lakh maximum for fulfilling all your financial needs that can easily be obtained 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.
Purposes of Personal Loan For Jammu and Kashmir Government Employees
- For a Wedding or any other Family function expenses.
- For the education of self or family.
- Finances are required for the refurbishing of your house.
- Need for finances for Emergencies & medical expenses.
- Personal Loan finances can be used to go on a vacation.
Types of Government Employees Personal Loan Jammu and Kashmir
Public sector Undertakings (PSUs) or CPSEs
Government Employees are offered high loan amounts with the top in class interest rates for the personal loans. The Department of Public Enterprises issuances guidelines for categorisation in category I & II based on their financial performance, net worth, revenue & profit as MAHARATNA /NAVRATNA/MINI RATNA.
Public Sector Banks
In the Public Sector Banks, the government of India holds on to the majority of posts (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 of the country comprising the Indian Armed Forces, which are the country’s military forces of the country.
Leading Banks offers exclusive rates & discounts on processing fees to the Defence & Army Personnel and offers flexible loan tenure that differs from 12 months to 60 months.
Indian Railways
The Indian Railway’s Gazetted Staff is covered in the particular government category for Personal Loans.
Personal Loan for Pensioners
Pensioners can get a personal loan who are retired personnel of the Central Government, State government & Defence services. Thus, after serving in the government services for an entire lifespan, the employees are guaranteed a secure & safe living on retirement.
The pension must be collected in their official salary banks to pensioners to meet their funds’ requirements for medical expenditures, a child’s wedding, or other personal use. For the pensioners, 5 years is the loan tenure after the retirement date. 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 Jammu and Kashmir Government Employees Eligibility Criteria
- Profession: For Jammu and Kashmir government employees, the process is quick and hassle-free. Employees were working in any public sector unit (PSU), central and state government departments, and government schools and colleges to avail a personal loan.
- Age Criteria: The applicant’s minimum age must be at least 21 years, and the maximum age is 60 years at loan maturity.
- Loan Tenure: There is a flexible loan tenure in the repayment of the loan amount and loan tenure differs from 12 months to 60 months.
- Processing Fees: The processing fees charged for Jammu and Kashmir government employees for a personal loan is 1% of the loan amount.
- CIBIL score requirement: The CIBIL score required for the Jammu and Kashmir 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 Jammu and Kashmir government employees. For government employees working for a 1-year minimum, there will not be any problem in availing of a loan. However, people who have entered the government service earlier may have to check out with the bank.
- Check the personal loan eligibility.
Documents Required for Personal Loan For Jammu and Kashmir Government Employees
For Salaried Class Individuals
- Anyone Photo Identity Proof: Passport, Voter’s ID, PAN Card, Driving License, or Aadhar Card
- Anyone Address 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 Jammu and Kashmir 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 Jammu and Kashmir Government Employees
If you want an instant Personal Loan, then you don’t require to go to the bank’s branch as applicants can apply for it online at DialaBank.com within minutes.
- Visit the website Dialabank.com
- Go to the loan section and then click on the link for a personal loan.
- The applicant will be directed to fill in all details like name, location, etc. where they can choose their favourable location.
- For more info and free assistance regarding a personal loan for Jammu and Kashmir government employees, you may call on 9878981166.
Processing Fees / Prepayment Charges for Personal Loan for Jammu and Kashmir Government Employees
Most of the institutions and banks charge two types of charges from their customers. Every Bank and NBFC charges a fee for processing your Personal Loan For Jammu and Kashmir Government Employees application. The processing fee for getting a personal loan for Jammu and Kashmir government employees is 1% of the loan amount.
Every lending foundation charges you a penal prepayment fee if you desire to close the loan before the fixed loan tenure. Most of the time, you will not be able to close your loan before 12 months. Post that, the prepayment charges will depend on the years the loan has been over. 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 Jammu and Kashmir Government Employees EMI Calculator
EMI is the Equated Monthly Installments that are the monthly pre-determined charges that you will pay to the bank as monthly repayment for the loan amount that you borrowed. The interest rate on your loan is determined that is based on your profile. Your personal loan EMI can be calculated with the Interest Rate charged by the bank and the loan amount and the time span for which you enjoy the loan.
To calculate EMI: Personal Loan EMI Calculator
CIBIL Score Required for Personal Loan For Jammu and Kashmir Government Employees
Every lending institution has its own norm for the minimum CIBIL score required for processing a Personal Loan For Jammu and Kashmir Government Employees application. Most institutions require a minimum score of 750 to process your Personal Loan for Jammu and Kashmir Government Employees application.
The institutions don’t just look at the overall score but also check the detailed behaviour on the previous loans that you have taken and this covers descriptions on the type of loan taken and the loan amount borrowed. Any late payments to your previous loan will act as an obstacle in your personal loan application.
Personal Loan For Jammu and Kashmir Government Employees Pre-Calculated EMI Table
Personal Loan For Government Employees Agent in Jammu and Kashmir
Dialabank is the leading and most trustworthy agent for availing of the Personal Loan For Government Employees in Jammu and Kashmir. It helps in providing you the best offers as per your preference.
You can apply online at Dialabank or you can call at 9878981166.
Personal Loan For Jammu and Kashmir Government Employees Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan for Jammu and Kashmir Government Employees.
FAQs for Personal Loan For Jammu and Kashmir Government Employees
✅ Who can apply for a personal loan for Jammu and Kashmir 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 Jammu and Kashmir government employees.
✅ What is the interest rate for a personal loan for Jammu and Kashmir government employees?
The interest rate for getting a personal loan for Jammu and Kashmir government employees is 9.99% per annum.
✅ What is the loan tenure for getting a personal loan for Jammu and Kashmir Kashmir government employees?
The loan tenure is ranging from 12 months to 60 months for getting a personal loan for Jammu and Kashmir government employees.
✅ What is the age requirement for the availing of a personal loan for Jammu and Kashmir government employees?
The minimum age required is 21 years and the maximum age is 60 years for getting a personal loan for Jammu and Kashmir government employees.
✅ What is the maximum age limit for pensioners applying for a personal loan for Jammu and Kashmir government employees?
The maximum age limit for pensioners is 76 years who want to apply for a personal loan for Jammu and Kashmir government employees.
✅ What is the processing fee charged for a personal loan for Jammu and Kashmir government employees?
The processing fee charged for a personal loan for Jammu and Kashmir government employees is 1% of the loan amount.
✅ What will be the loan tenure available for a personal loan for Jammu and Kashmir government employees?
The loan tenure available for a personal loan for Jammu and Kashmir government employees will vary from 12 months to 60 months.
✅ What is the minimum income requirement for Jammu and Kashmir government employees for the availing of a personal loan?
The minimum income required for Jammu and Kashmir government employees is Rs. 15,000 for getting a personal loan.
✅ For what purpose of being a Jammu and Kashmir government employee, I can get a personal loan?
Yes, you can get a personal loan for the purposes 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.
