Personal Loan For Tamil Nadu Government Employees

Personal Loan at 10.99%*

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The Government of is the supreme governing authority of the state of Tamil Nadu and its 31 districts. It employs a significant amount of people. Personal Loan For Tamil Nadu Government Employees seems like a go to option to take care of their financial needs.

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 a security. We give the best loan offers on Personal Loan For Tamil Nadu Government Employees at www.magicloans.in Apply online to book your personal loan now!

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

Age Criteria 21-65 years of age.
Work Experience Min. 6 months in the current organisation. (Preferred)
Total Work Exp.At least 3 years.(Preferred)
Min. Net IncomeAt least, Rs. 20000/- per month.
(may vary according to 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 to Tamil Nadu 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. Maximum age of pensioners to be eligible for a personal loan is capped at 76 years with a maximum loan tenure of 5 years. Banks charge a nominal processing fee for pensioners.
GOVERNMENT BODYADDITIONAL BENEFITS ON PERSONAL LOANS
Maharatna PSU>Companies grossing annual net profit of 5000 cr
> Presently there are 7 PSU’s like BHEL SAIL, IOC, 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. Personal Loan for these employees start at 11.49%
Public Sector Banks>Banks having a 50% or govt share These include SBI, PNB, Bank of Baroda etc.
>Personal Loan for these employees start at 13.25%.
Railways>Indian Railways are owned by the Government of India and is managed by the Ministry of Railways
>Personal Loans for Railway employees 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 rates 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 rates 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 )

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