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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 61,600 employees, the businesses of ABCL have a nationwide reach with over 1,690 branches and more than 200,000 agents/channel partners along with several bank partners.
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Personal Loan for Government Employees
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
What is a
Personal Loan for Government Employees?
A personal loan for government employees is a specially designed financial product that offers quick and hassle-free funding to meet various personal needs. Whether it’s for medical emergencies, home renovation, higher education, or wedding expenses, this loan provides a seamless borrowing experience with attractive interest rates and minimal documentation.
Government employees benefit from lower processing fees, flexible repayment options, and exclusive offers due to their stable income and job security. With simple eligibility criteria and a quick approval process, this loan ensures that financial assistance is available whenever needed. Additionally, many banks and financial institutions offer special perks like preferential interest rates, instant disbursal, and longer loan tenure options, making it an ideal financing solution for government employees.
Features of Personal Loans for Government Employees
Flexible Repayment Tenure
Choose a repayment plan that suits your financial convenience (12 to 60 months).
Lower Processing Fees
Enjoy reduced processing fees as a special benefit for government employees.
Instant Loan Disbursal
Get funds credited to your account within 24–48 hours after approval.
Minimal Documentation
Simple paperwork with just salary slips, employment ID, and Form 16 required.
Competitive Interest Rates
Avail of exclusive interest rates tailored for government employees.
Prepayment & Foreclosure Options
Pay off your loan early with minimal or no additional charges.
Reasons To Get a Loan for Government Employees from Aditya Birla Capital
Collateral-free
There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!
Flexible Repayment Period
Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments.
Predictable EMIs
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments
Quick Sanctions
Get the funds transferred to your account within 24 hours of application.
Facility to add a co-applicant
Adding a co-applicant to the Loan for Government Employees in India can increase your eligibility. You can also get a higher loan amount to meet different needs.
Our Offerings
Different individuals have different needs. That’s why we offer different types of loans for government employees. Here’s what you can get -
Interest Rates Available for
Loans for Government
Find out the interest payable on the Loan for Government Employees to plan your repayments effectively.
Loans up to 12 months| Loan Type | Interest |
|---|---|
| The Short Term Reference Rate (STRR) | 19.45% p.a. w.e.f.from March 1, 2024 |
Loans more than 12 months| Loan Type | Interest |
|---|---|
| The Long Term Reference Rate (LTRR) | 20.45% p.a. w.e.f. from March 1, 2024 |
Who Can Apply For a Loan for Government Employees?
Find out if you are eligible to apply for a Loan for Government Employees
Salaried
Self-employed Professional
Self-employed Non - Professional
Get A Loan for Government Employees In 5 Easy Steps
Eligibility Criteria for Loan for Government Employees
Are you eligible for a Loan for Government Employees? Check whether you meet the criteria.
Documents Needed
- Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
- Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
- Bank statement where income is credited Last 6 months
- Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16
Eligibility criteria
* A higher age limit is applicable at the time of loan maturity.
Fees and Charges for Personal Loans for Government Employees
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule charges | ₹5000 + GST per instance |
| Stamp Duty | As per Actual if applicable |
| Insurance Premium | As per Actual, if applicable |
| Pre-closure Quote | ₹1000 + GST per instance |
| Any other charges | As per Actual, if applicable |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
ABC OfCalculators
You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
PORTFOLIO CONSOLIDATOR
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Different financial needs, different loans, one app - ABCD
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
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Range of loan options for different needs
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Quick sanctions and disbursals
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Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Aditya Birla Finance Customer
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
Aditya Birla Finance Customer
I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.
Aditya Birla Housing Finance Customer
Belapur, India
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
FAQs on Personal Loans for Government Employees
Yes, State Government employees can also apply for the loan if they fulfil the eligibility parameters specified by Aditya Birla Capital
A minimum credit score of 750 is required to get a personal loan for government employees. Since your score is low, you cannot get the loan.
A personal loan for government employees can be used for multiple purposes like -
• Going on a trip
• Meeting emergencies
• Home renovation
• Buying a vehicle, etc.
The loan amount will depend on your eligibility qualifications. You can use the online eligibility calculator to find the loan amount that you qualify for.
Government jobs are expected to be stable, giving employees a stable income source, which is why they can easily get loans.
The maximum tenure available under Aditya Birla Capital’s Loan for Government Employees is 84 months.
Aditya Birla Capital offers online EMI calculators that help you find the EMI of your personal loan. Just enter the loan amount, chosen tenure and the applicable interest rate and the EMI will be calculated instantly.