Personal Loan for Govt Employees, Loan Facility for Central Govt Employee

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Loan for Government Employees

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Why Should You Choose Money View Personal Loans

Flexible Loan Amount

Based on your eligibility you can choose a loan amount of upto Rs. 5 lakhs

Instant Disbursement

After your loan application is approved, your loan amount will be credited to your bank account within 24 hours

No Collateral Required

There is no need for a guarantor or collateral to avail this loan

Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month

Minimal Documentation

Three documents - ID proof, address proof, and income proof are all that we need

Flexible Loan Tenure

Choose repayment tenure of up to 60 months

Loans on Low Credit Score

Due to our in-house credit model, even with low credit scores you can get a loan

Quick Eligibility Check

You can find out your eligibility within just 2 minutes from the Money view website or app.

Government Employees are those employed with the central government, state governments, public sector undertakings (PSU) and the Defence or Paramilitary. Employees working in these sectors can avail loans from banks or from private lenders sometimes at a special rate.

Money View Personal Loan for Government Employees

While there are a number of lenders in the market today, Money View personal loans come with unparalleled benefits. With an easy application process, minimal documentation, and a loan disbursal period of just 1 day, these loans are popular throughout the country.

Eligibility Criteria for Personal Loans for Government Employees

Given below is Money View’s simple eligibility criteria -

Applicants must be between 21 years and 57 years
A monthly in-hand income of ₹13,500 or more^*
Income must be credited directly to the applicants’ bank account
Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

Given below is a city-wise breakdown of the income and credit score requirement -

Income and Credit Score Eligibility Criteria*
Salaried Individuals	Minimum In-Hand Income	Area of Residence	CIBIL Credit Score Requirement
	Rs 13,500	Any	CIBIL Score of 600 /Experian Score of 650 and above
	Rs 20,000	Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)	New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
	Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals	Rs. 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

Documents Required For Personal Loans for Government Employees

Given below are the documents required to avail Money View personal loans for government employees:

Identity Proof	Address Proof	Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Fees and Charges for Personal Loans for Government Employees

Money View personal loans are provided at competitive rates as given below -

Fees and Charges	Amount Chargeable
Interest Rate	Starting from 1.33% per month
Loan Processing Charges	Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs	2% per month on the overdue EMI/Principal loan amount
Cheque Bounce	Rs.500/- each time
Loan Cancellation	No additional charges levied Processing fees will also be retained.

Personal Loan for Govt Employees from Banks

There are a number of banks that offer personal loans at discounted rates to government employees. These include -

Name of the Bank	Amount Provided	Interest Rate(p.a.)	Repayment Term
Union Bank of India	Rs. 15 lakhs	11.40% onwards	Upto 60 months
HDFC Bank	Rs. 40 lakhs	10.50% onwards	Upto 60 months
State Bank of India	Rs. 20 lakhs	10.60% onwards	Upto 75 months
IDBI Bank	Rs. 5 lakhs	9.85% onwards	Upto 60 months

How to Apply for Personal Loans for Government Employees

Check Eligibility

Visit the Money View website or download the loan appand provide all the details required. We will then let you know your eligibility in just 2 minutes.

Select Loan Tenure

Depending on your eligibility, you will have to select the loan amount and repayment term of your choice

Upload Documents

Easily upload all of the necessary documents online for verification

Amount Disbursed

After all your documents are verified and your application is approved, the loan amount will be sent to your account within 24 hours

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Calculate Your EMI

Use our easy EMI calculator to plan your loan's EMI, interest & repayment schedule.

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Conclusion

There are a number of options for Govt employees looking for personal loans. One can go down the traditional route and avail personal loans from banks as long as they have a high credit score. But with private lenders such as Money View, even if your credit score is on the lower side, you can still avail personal loans (as long as it is above a CIBIL score of 600). All you need to do is visit our website or download the loan app and apply today.