Personal Loan For State Government Employees

Personal Loan at 10.99%*

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What is a Personal Loan?

A Personal Loan is an unsecured loan. It helps you meet your urgent money needs. Therefore, there is no need to give security. We give the best loan offers on Personal Loan For State Government Employees at www.magicloans.in. So, Apply online to book your personal loan now!

What is the Eligibility to avail a Personal loan For State Government Employees?

Age Criteria 21-65 years of age.
Work Experience Min. 6 months of experience in the current organisation. (Preferred)
Total Work Exp.At least 3 years of total experience.(Preferred)
Min. Net IncomeAt least, Rs. 20000/- per month.
(may vary depending upon your profile).
CIBIL720 or more with a good credit history.

What are the documents needed for availing a Personal Loan?

Identity Proof Passport; PAN or Aadhar Card; Voter ID; Driving license. 2 Photographs.
Residential Proof Passport; Driving License; Voter ID;Electricity bill.
Income Proof Latest 3 months’ income slip as well as 6 months’ bank account statement. Also, Form 16 of last 2 years
Age ProofPassport, PAN Card, Birth Certificate, Employee ID Card

What are the benefits offered on Personal Loan For State Government Employees?

Interest rates for Personal loans for government employees starts @11.49%. (HDFC Bank and ICICI Bank)
Special offers available for government employees and public sector undertakings.
Pensioners: Banks offer loans for pensioners at lowest rates. Pensioners can get a Personal Loan for 5 years provided their age is atmost 76 years
GOVERNMENT BODYADDITIONAL BENEFITS ON PERSONAL LOANS
Maharatna PSU>Companies grossing annual net profit of 5000 cr
> There are 7 PSU’s like BHEL, SAIL etc. Personal Loan for these employees start at 11.49%
Navratna PSU
>There are 17 Navratna companies at present which include Hindustan Aeronautics, Bharat Petroleum etc. ROI for Personal Loans start at 11.49%
Public Sector Banks>Banks having a 50% or govt share These include SBI, PNB, Bank of Baroda etc.
>ROI for Personal Loans start at 11.49%
Railways>Indian Railways are owned by the Government of India. It is managed by the Ministry of Railways
ROI for Personal Loans start at 12.25%
Central Government Enterprise>University Employees are provided with a host of options to enable them to avail a Personal Loan
>Personal Loans for Central Govt Employees start at 12.25%
State Government Enterprise>University Employees are provided with a host of options to enable them to avail a Personal Loan
>Personal Loans for Central Govt Employees start at 12.25%

Fees and Charges

Processing charges Upto 2% (Varies from bank to bank)
Pre-closure chargesNIL to 5% on outstanding loan amount. ( Varies from bank to bank )

State Divisions

Personal Loan can be availed by a state government employee working in any of these departments

Department of AgricultureHousing & Urban Development
Power Water Supply & Sanitation
Education Transport
Public Works Health
Excise & Taxation Education
Technical Education & Industrial Training Legal & Legislative Affairs
Finance General Administration
Medical Education & Research Food, Civil Supplies & Consumer Affairs

Categories of Govt. Employees

CATEGORYDESCRIPTIONAPPLICATION STRENGTH
Group- A Officials employed at various state-level managerial & administrative positions.Top applicants in all banks and NBFCs.
Group-B Employees working in Public Sector Undertakings (PSU) and National Banks, office supervisors, state inspectors, office executives, state police officers etc. Top applicants in all banks and NBFCs.
Group C&DSection Heads, Head clerks, Stenographers, tax assistants, Typists, Telephone operators, and individuals holding similar positions in the Armed forces. Clerical posts are top applicants inGroup C . Group D might get eligibility in some banks depending on the job profile.

Personal Loan offered to several State Government Employees

Andhra Pradesh Arunachal Pradesh
Assam Meghalaya
Bihar Mizoram
Chhattisgarh Nagaland
Delhi Odisha
Goa Puducherry
Gujarat Punjab
Haryana Rajasthan
Himachal Pradesh Sikkim
Jammu and Kashmir Tamil Nadu
Jharkhand Telangana
Karnataka Tripura
Kerala Uttar Pradesh
Madhya Pradesh Uttarakhand
Maharashtra West Bengal
Manipur

Major Banks Giving Personal Loans

Allahabad Bank Personal Loan HSBC Bank Personal Loan
Andhra Bank Personal Loan ICICI Bank Personal Loan
Axis Bank Personal Loan IDBI Bank Personal Loan
Bajaj Finserv Personal Loan IDFC First Personal Loan
Bank of Baroda Personal Loan Indian Bank Personal Loan
Bank of India Personal Loan IndusInd Bank Personal Loan
Bank of Maharashtra Personal Loan Kotak Mahindra Bank Personal Loan
Canara Bank Personal Loan Muthoot Finance Personal Loan
Central Bank Personal Loan Punjab National Bank Personal Loan
Manappuram Personal Loan RBL Bank Personal Loan
Corporation Bank Personal Loan Standard Chartered Bank Personal Loan
Federal Bank Personal Loan State Bank of India Personal Loan
Fullerton India Personal Loan Syndicate Bank Personal Loan
HDFC Bank Personal Loan TATA Capital Personal Loan
Yes Bank Personal Loan UCO Bank Personal Loan


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