Government employees are those employed with the Central Govt, various state governments, Public Sector Undertakings and the Defence or Paramilitary. Employees working in these sectors are allowed certain privileges in loan interest rates or some banks design special personal loan packages for government employees.

Money View Instant Personal Loans for Government Employees

These were some of the banks that allow personal loans to Government employees. In addition to these loans, government employees, defence employees or employees from Public Sector Undertakings can also avail instant online personal loans from Money View.

Some of the features that make Money View the ideal choice for a personal loan are

  • Takes the least amount of processing time

    When you apply for a Money View personal loan, you get a loan approval in 2 mins and the disbursal of the loan happens within 24 hrs.

  • Completely Digital Process

    The entire process of availing an instant personal loan from Money View happens online, right from the application to disbursal. So you can easily avail of a loan from the comfort of your home or office. All you need is a device (mobile or a computer) connected to the internet.

  • Available Even on Low Credit Score

    Money View has its in-house credit assessment model that takes many more parameters than the usual credit score to carry out a better assessment of the applicant’s credit profile. Thus allow more applicants to get loans.

  • Flexibility in Loan Amounts and Repayment

    Money View allows loans from Rs 10000 to Rs 5,00,000 with long repayment tenure of up to 5 years, which makes it convenient for you to decide the amount and the repayment schedule according to your needs.

Eligibility Criteria for Online loan for Government Employee

The eligibility criteria for Money View personal loans are extremely simple and transparent. For salaried employees our eligibility criteria are

  • A monthly in-hand income of ₹13,500*or more
  • income should be received in a bank
  • Min Cibil score of 650 or Experian score of 750
  • Should be aged between 21 years and 57 years

How to Apply for a Money View Personal loan for Government employees?

It is very simple! Just download the Money View Loans App and follow the app process or apply for a loan on the Money View website and enjoy the convenience of availing an instant digital

Some of the banks that offer special personal loans for Government employees are:

State Bank of India

State Bank of India offers personal loans for the following category of Government employees who have their salary accounts with SBI

Category of Individuals Type of Loan Interest Rate
Defence/ Paramilitary/ Indian Coast Guard Salary Package Applicants Personal Loan 11.35% - 11.85%

(3.40% - 3.90% over 2 yr MCLR)

Defence/ Paramilitary/ Indian Coast Guard Salary Package Applicants Overdraft Facility 11.85% -12.35%

(3.90%-4.40% over 2 yr MCLR)

Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status Loans under Express Credit Scheme 50 bps concession on the normal rate of interest
Non- Permanent employees of Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute Xpress Credit Scheme 12.25% - 14.35%


HDFC Bank also allows personal loans to Government employees and to employees of certain companies in the private sector.

Category of Individuals Type of Loan Interest Rate
Employees from public sector undertakings, including central, state and local bodies Personal Loan For Salaried employees - 10.75% to 21.30%

Axis Bank

Here are the details of Axis Bank personal loans for Government employees.

Category of Individuals Type of Loan Interest Rate
Employees of public and private limited companies Government sector employees including Public Sector Undertakings, Central and Local bodies with a net minimum monthly income of Rs 15000 Personal Loan 12-24%

Union Bank of India

The Union Bank of India runs Personal Loan Under Special Retail Lending Scheme For Government Employees to grant loans. The details are as below.

Category of Individuals Type of Loan Interest Rate
Confirmed / permanent employees working at Government organizations (Central / State), PSUs, Central / State Government undertakings, Defence, armed personnel,Ministries / Departments under the Ministries, officers in All India Services, Teaching & non-teaching staff at Government Schools & Colleges Personal Loan

With employer undertaking - 1yr MCLR + 2% currently 9.75%

Without employer undertaking -1 yr MCLR + 3.5% currently 11.25%


IDBI Bank also allows personal loans for individuals working with various Govt depts.

Category of Individuals Type of Loan Interest Rate

All Confirmed/permanent employees of State/ Central/ PSU/ Departments, Multinational Companies, Listed Companies, Reputed Pvt Ltd Companies with or without an existing relationship with IDBI Bank.

With a minimum annual net income of Rs 180000

Personal Loan

12% -13.5% based on the creditworthiness of the applicant

These applicants who have a salary account with IDBI bank Overdraft Facility


Canara Bank

Canara Bank is yet another bank that allows the government employees to avail of personal loans. The product offered is called Canara Budget.

Category of Individuals to whom personal loans are available Type of Loan Interest Rate
  • Confirmed employees of reputed PSUs and Joint Stock Companies
  • Confirmed Central / State Government officials
  • Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and Universities

With Salary account at Canara Bank

Minimum net take-home salary should not be less than Rs 10000 or 25% after considering the EMI for the loan

Personal Loan

11.65 % to 13.7% depending upon the creditworthiness of the applicant

Punjab National Bank

Punjab National Bank also allows personal loans to Government employees who have a salary account with PNB. The details of the loan are as follows.

Category of Individuals to whom personal loans are available Type of Loan Interest Rate

Confirmed/ permanent employees of Central/ State Govt./ PSUs minimum 2 years of service, including service with the previous employer(s), if any with salary account at PNB

Personal Loan

10.05% (Repo Linked Lending Rate +3%)

Loan to Defence/ ParaMilitary Personnes drawing salaries through CanaraBank including account covered under Rakshak Plus Scheme

Personal Loan

9.15% (Repo Linked Lending Rate +2.15%)