Personal Loan for Government Employees

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A personal loan is an unsecured loan that is offered not only to salaried professionals but also to government employees individuals. A common requirement when applying for a personal loan is proof of steady income.

A little more money can be a lot more helpful to realise your dreams with a smile. With ample funds, you can be sure to make the most of a well-deserved luxury holiday, or fulfil a temporary but pressing financial need.

Documents required for Government Employees

  1. Identity & Age Proof
  2. Completely filled personal loan application with photograph
  3. PAN Card
  4. Residence proof – Passport driving license, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
  5. Bank statements for the last 3 months (preferably your salary account)
  6. Salary Slips of last 3 months
  7. Last 3 years Income Tax Returns with the computation of income

Eligibility Criteria for Personal Loans for Government Employees

1. Credit Score: As a self – employed individual your income will not be regular. So the bank gives you a credit score and based on that you will be eligible for a personal loan. The credit score depends on the repayment behavior of yours.

2. Monthly Income: To be eligible to apply for a personal loan, you need to have a minimum monthly income and Banks have different minimum income expectations.

3. Age: You need to be at least 21 years old. Age criteria depend on the Bank as it may vary.

Features and Benefits of Personal Loan for Government Employees

  • Easy Application Process: A self- employed individual can apply for a personal loan online either on the lender’s official website. The application process is easy to understand and can be completed from the comfort of your home or office
  • Loan Amount: Starting from as low as Rs. 10,000, personal loan for self- employed goes upto Rs. 10 lakh and can help an individual to deal with various financial situations
  • Minimum Documents: You can avail a personal loan online just by uploading a few basic documents including ID, Address and Income Proof. This saves you from the inconvenience of carrying piles of documents to the bank
  • Flexible Tenure: All the personal loan lenders allow the government employees individuals to choose the tenure of their loan as per their repayment ability. The tenure usually ranges from 12 to 60 months
  • Quick Disbursal: Once a personal loan is approved, it gets disbursed to your bank account within 3 to 5 working days

Why Choose Loans from Omozing?

Omozing helps make Smart Money Moves for a Lifetime. They strive to get lowest interest rates and best terms for your Online Applications at . We’ve made business lending smarter, faster and easier by transforming the approval process from stumbling blocks to stepping-stones. This enables borrowers to not just get access to capital, but also understand what areas they need to work on in order to enhance their credit profile. Omozing ensures that Borrowers get a secure, safe and reliable application process that be tracked online.

5 Reasons to choose Omozing

1. Loans from INR 10k to INR 10 lakhs

Personal Loan Interest Rates starting from 0.8% p.m, and Loan amount ranging from INR 10,000 to INR 10,00,000. The Minimum and maximum repayment period ranges from 1 month to 48 months.  CIBIL 600+ all company categories (including LLP, Self Employed, Proprietorship)

2. Cutomised Tailor Options

  • Depending on your demands, we may provide quick financing of varying quantities at affordable interest rates.
  • You have the freedom to utilise your loan anyway you want, whether for business or for immediate personal needs.
  • Flexible repayment options depending on your specific cash flow and budget, as well as conditions that is beneficial to your position.

3. Lower CIBIL

While most lenders require borrowers to have a CIBIL score of over 750, at provide loans even with 600.  Besides the CIBIL score, we also considers your age, employment status, and net monthly income.

4. Ways to apply

You can apply for a personal loan through us by 2 ways:

1. You can download our Mobile Application from Google app store.

2. Apply on portal using out Personal Loan link

5. Prompt Loan Disbursal

An easy online application process facilitates speedy verification and disbursal of loan. Get KYC verified from the comfort of your home and have our loan manager take care of an instant transfer of funds to your account.

Documents Required  

Types of Loan