27 Feb 2019 | 3 min read
A best personal loan is meant to address the short-term financial needs of an individual. Due to the tag of ‘job-security’ attached with a government job, banks and financial institutions often come up with attractive personal loans for government employees.
As a government job is deemed to be a stable and a secured one, lenders do not often ask for a security. Some lenders even run special schemes to woo government employees in different sectors. For example - personal loans for government employees are offered at low-interest rates to ex-army or defense personnel.
Regardless of which government sector you are in, personal loans for government employees can be obtained with minimum documentation.
A large section of the banks/NBFCs offers easy and flexible repayment options to government employees. A usual repayment tenure falls in the range of 12-60 months. Some lenders even offer prepayment facilities to government employees with zero processing fees.
⮕ Passport, Driving License, Voter ID, PAN Card
⮕ Leave and license agreement, Utility bill (not more than 3 months older)
⮕ Latest 3 months Salary slip/Current dated salary certificate with the latest Form 16
⮕ Last 3 months bank statement
⮕ 2 recent passport-sized photograph
⮕ Other KYC Documents as per bank norms.
Apply for personal loans online from Afinoz.com and have a hassle-free experience. We can help you get the best personal loans for government employees, with equitable comparison insights and the best in class support.