Personal Loan For Punjab Government Employees

The Government of Punjab is the supreme governing authority of the state of Punjab and its 22 districts. It employs a significant amount of people. Personal Loan For Punjab 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 Punjab Government Employees at www.lendingwale.com Apply online to book your personal loan now!

What is the Eligibility to avail a Personal loan For Punjab 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 Punjab 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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Read more about Personal Loans

BankInterest Rates
Allahabad Bank 10.50% to 12.99%
Bajaj Finserv Starting from 12.99%
Bank of Baroda 11.35% to 16.35%
Andhra Bank 11.55% to 13.05%
Axis Bank 15.75% to 24%
Central Bank MCLR (12M) + 3.00%
Corporation Bank 12.95% to 13.95%
HDFC Bank 11.25% to 21.50%
Bank of Maharashtra Starting from 15%
Citibank Starting from 10.99%
Canara Bank 13.00% to 16.50%
Bank of India Starting from 13.10%
Federal Bank Starting from 11.49%
ICICI Bank 11.50% to 19.25%
Indian Bank Starting from 14.20%
Fullerton India Starting from 12%
IndusInd Bank Starting from 10.75%
IDBI Bank Starting from 12%
HSBC Bank 10.75% to 17.84%
Muthoot Finance 14.50%
Kotak Mahindra Bank 11.29% to 19.99%
RBL Bank Starting from 12%
IDFC First Starting from 11.5%
TATA Capital Starting from 11.25%
Standard Chartered Bank Starting from 11.99%
Syndicate Bank 13.25% to 13.65%
UCO Bank Starting from 11.70%
Punjab National Bank Starts from 12%
Union Bank of India Starting from 14.40%
State Bank of India Starting from 11%
Yes Bank Starting from 10.75%