The Government of Assam is the governing authority of Assam. It consists of the Governor as the head of the state. The head of government is the Chief Minister. It employs a a lot of employees across all departments. Personal Loan For Assam Government Employees can help them take care of their crisis.
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 Assam Government Employees at www.magicloans.in Apply online to book your personal loan now!
What is the Eligibility to avail a Personal loan For Assam 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 Income | At least, Rs. 20000/- per month. (may vary according to profile) |
| CIBIL | 720 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 Proof | Passport, PAN Card, Birth Certificate, Employee ID Card |
What are the benefits offered to Assam 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 BODY | ADDITIONAL 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 charges | NIL to 5% on outstanding loan amount. ( Varies from bank to bank ) |