Government personal loan schemes can be a bit tricky to understand. In India, there is no such scheme available as of now. These are personal loan schemes that many banks offer to people who have been government employees. There are multiple benefits offered to government employees, like:
The loan will be sanctioned as a Term Loan or Overdraft
There is no minimum amount set
Maximum amount of loan per person is Rs 15 lakh (depends on repayment capacity)
What is the Interest Rate For Personal Loan Government Scheme?
Union Bank the interest rate for personal government scheme starts from 8.35%. You can know about the rates in detail in
Union Bank’s Official Website
anytime. The eligibility criteria to apply for a personal loan government scheme in Union Bank is:
The applicant must be a confirmed or permanent employee at government organisation
The minimum age of the applicant should be 18 years or above
The employee has to be the main applicant for availing personal loans
The employee may or may not have salary account in the Union Bank of India
The central government personal loan scheme interest is however not the same in all banks and their features differs as well. You can visit your bank and inquire about the types of benefits they provide to government employees.
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Authors Of The Question
What are Government Personal Loan Schemes?
Tuhin
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1 Answers
1 Year
2024-01-03T08:33:29+00:00 2024-01-03T08:34:00+00:00Comment
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