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If you are an employee of the Indian government and are planning to get a personal loan, you can get them at concessional rates of interest as well as long loan repayment tenors. These loans are also collateral free and you can use them for basically anything. Read on to know more about personal loans for government employees.


Personal Loan for Government Employees Interest Rate

You can find the interest rates at which our lending partners are willing to offer personal loans to you here.

Lending Partner Name

Interest Rate


Bajaj Finance Limited

14% p.a onwards

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Fullerton India

12% p.a onwards

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14% p.a onwards

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Axis Bank

10.49% p.a onwards

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Muthoot Finance

13.75% p.a onwards

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SBFC Finance Pvt Ltd

14% p.a. onwards

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27% p.a onwards

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Prefr Partners

21% p.a onwards

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24% p.a onwards

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14% p.a onwards

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10.70% p.a onwards

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18% p.a onwards

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Disclaimer: The rates mentioned above are subject to constant change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenure, your age, your monthly income, and your CIBIL score.

Features and Benefits of Personal Loan for Government Employees

Some of the features of a personal loan for government employees are:

  • Collateral-Free: These loans can be availed without any collateral. All you will be required to do is satisfy the basic eligibility criteria.

  • Competitive Interest Rates: You can get a personal loan for government employees from Bajaj Markets at interest rates starting from just 10.49% per annum.

  • Long Repayment Tenors: You can pay off your government employee personal loan over a repayment tenor of up to 6 years.

  • No Restrictions on Use: You can use a government employee personal loan for basically anything, from funding a vacation to purchasing expensive pieces of tech to covering medical expenses.

  • Easy Verification and Approval: If you just meet the basic eligibility criteria, chances are that your loan application will be approved instantly. If it is approved, your loan amount will be credited into your account within a day’s time.

Eligibility of Loan for Government Employees

If you want to avail a personal loan for government employees, you must satisfy the following conditions:

Eligibility Criteria





21 years or more

Minimum Net Monthly Income

₹25,000 per month. Note that it can change depending on the city that you live in.

Minimum Work Experience

Minimum 2-3 years of work experience.

Credit Score

650 or above


How To Apply for Government Employee Personal Loan

First, you must meet the basic laid out eligibility criteria. Once you do so, follow the steps mentioned below.

  • Step 1: Firstly, help yourself to the ‘Apply Now’ button on the personal loan page of Bajaj Markets. Then, fill up the application form online with your professional and personal details. After that, choose the loan amount that you desire from one of our lending partners and the loan repayment tenor of your choice.

  • Step 2: Next, provide all the documents required with the application form for the purpose of verification.

  • Step 3: Once your application is approved, the money will be deposited into your bank account within 24 hours.

Documents Required for Government Employee Personal Loan

If you want to avail a personal loan for government employees, you must furnish the following documents:

Documents Required


Proof of Identity

PAN Card/Aadhaar card/Passport/Voter’s ID/Driving licence

Residence Proof

Voter’s ID/Aadhaar card, passport, driving licence, electricity bill, telephone bill

Income Proof

Bank statement, salary slips going back at least 3 months


2 passport-size photographs

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