You can repay the loan without any additional charges
In addition to this, you can use the home loan eligibility calculator to check whether you qualify for the loan in minutes.
Also to know is, can a government employee lend money?
7. Do not lend money to or borrow money from or deposit money as a member or agent, with any person, firm or private company with whom you are likely to have official dealings. Do not otherwise place yourself under pecuniary obligation with such person, firm or private company.
Also question is, can a private employee get personal loan in SBI?
You can avail personal loan from SBI, even if you are salaried or self-employed.
Can government employees get loans?
There is a range of loan programs and laws, allowing federal workers to get loans at reasonable conditions. For instance, FEEA offers emergency loans for government employees. Those are zero-interest loans allowing those working for the government to close a financial gap in their budget in a quick and painless way.
Can I get loan with 14000 salary?
How much loan amount you can get at 14000 per month income so here’s the complete list of banks with minimum loan amount, maximum loan amount.
| SBI Home Loan | HDFC Home Loan | ICICI Home Loan |
|---|---|---|
| PNB Housing | AU Housing Finance | DHFL Home Loan |
Can I get personal loan if my salary is 10000?
The more income proof you are able to provide, the higher will be the approval chances. Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs.
| Bank | Minimum Monthly Income Required |
|---|---|
| Punjab National Bank | Rs. 10,000 |
| HDFC Bank | Rs. 15,000 |
| ICICI Bank | Rs. 17,500 |
How can I get a free government loan?
Search for Government Loans
Use the federal government’s free, official website, GovLoans.gov, rather than commercial sites that may charge a fee for information or application forms. GovLoans.gov directs you to information on loans for agriculture, business, disaster relief, education, housing, and for veterans.
How can I get a government personal loan?
Required Documents
- Filled and signed loan application form.
- Proof of address and identity.
- Proof of age.
- Bank statement of the last 6 months (salary account)
- Proof of income (salary slips of the last 3 months)
- Proof of Income Tax Return or Form 16.
How much personal loan can I get if my salary is 12000?
Salary of 12000, Am I eligible for Loan? Check here online
| Product | Salary | Max. loan amount |
|---|---|---|
| Personal Loan | 12000 | 65000 |
| Home Loan | 12000 | 600000 |
| Car Loan | 12000 | 230000 |
| Credit Card | 12000 |
How much personal loan can I get if my salary is 15000?
A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.
What are the 5 types of government loans?
Loan Categories
- Agricultural Loans.
- Education Loans.
- Housing Loans.
- Loan Repayment.
- Veterans Loans.
What is the most common loan?
The most common consumer loans come in the form of installment loans. These types of loans are dispensed by a lender in one lump sum, and then paid back over time in what are usually monthly payments. The most popular consumer installment loan products are mortgages, student loans, auto loans and personal loans.
Which loan is best for govt employees?
Comparison of Personal Loans for Government Employees
| Bank | Interest Rate | Max. Loan Tenure |
|---|---|---|
| State Bank of India | 12.50% p.a. onwards (for defence, paramilitary, and coast guard personnel) | 72 months |
| Axis Bank | 15.75% p.a. | 60 months |
| HDFC Bank | 11.25% | 60 months |
| Union Bank | 10.60% onwards | 60 months (One year prior to retirement) |
Who is not eligible for PPP?
In general, if the applicant or the owner of the applicant is the debtor in a bankruptcy proceeding, either at the time it submits the application or at any time before the loan is disbursed, the applicant is ineligible to receive a PPP loan.