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Government Employees Can Get a Personal Loan in Minutes

Government Employees Can Get a Personal Loan in Minutes

Holding a government job for years gives a sense of security for the long term. Employees working at a state level or a local level government firm can easily apply for a personal loan online in minutes. The purpose of personal loans for government employees can be categorised as – personal loans for travel, wedding, home renovation, medical emergency etc. So, being a government employee the foremost thing you can do before applying for a loan is to check the eligibility criteria, making the loan approval possible.

Through different instant personal loan apps available in India, government employees can avail of a loan between Rs.50,000 to 5 lakhs. The SimplyCash instant loan app is a great deal for getting personal online within 24hours. Government staff can avail a small cash loan up to 1.5 lakh via SimplyCash. Being a limited loan amount sanctioned, it is easy to repay and mostly gets cleared in a period of 6 months – 1 year.

Personal loans for government employees are approved based on their credit history and CIBIL score. Proper management of debts and credits reflects a good credit history and maintains an excellent CIBIL score. The eligibility criteria vary from lender to lender.

Eligibility Criteria for Government Employee Personal Loan

Government employees can avail both short-term loans and long-term loans following the basic eligibility criteria and mandatory documents required for loan approval:
  • Borrower must be a citizen of India
  • Borrower must be working in/with a government firm
  • Borrower must fall in an age group of 21 to 58 years
  • Borrower must earn at least Rs.15,000 per month

Documents required:

  • Standard KYC documents - Aadhaar card/Smart Card Driver’s licence/PAN card/Passport
  • Income documents – Recent salary slips for salaried individuals and bank statement for self-employed

How to Apply for Personal Loan for Government Employees via SimplyCash

It is easy to access and apply for a personal loan as a government employee with few simple steps:
  1. Download SimplyCash Instant Loan App from Google Play Store
  2. Register/Login with your email id or mobile number
  3. Locate the loan application form and fill the mandatory fields
  4. Select the required loan amount, tenure and EMI via the EMI calculator
  5. Upload soft copies of KYC documents and income proofs
  6. Wait for verification of loan application and documents
  7. Once approved, disbursal is done in 24 hours
Get financial bandwidth with instant personal loans and be ready to deal with unforeseen challenges.

Here are some features and benefits of a personal loan for government employees:

Instant Availability:

Loans are approved in the shortest span of time, within 24 hours to 48 hours of a working day.

Financial Stability:

Personal loans are approved quickly on time. This provides financial stability and saves borrowers from sinking in financial risks and delays.

Quick Verification:

Online loan application is faster and takes only a few minutes to complete. Verification of KYC details is mostly done in real-time which speeds up the sanction and disbursal process, generally in 48 hours.

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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