Bajaj Finserv Personal Loan for Government Employees

Last Updated : June 27, 2025, 5:30 p.m.

To meet the varied needs of individuals employed by the government as well as PSUs, Bajaj Finserv is here to offer personal loans to government employees . The best thing about this credit facility is that you can get instant approval for it. Once your application is approved, you will get the money in just 24 hours.

Bajaj Finserv Personal Loan Interest Rates for Government Employees

Here are the personal loan interest rates offered by Bajaj Finserv for government employees. Check them in the table below -

When applying for a personal loan as a state or central government employee, you can benefit from transparent pricing with no hidden charges. Bajaj Finance Limited offers attractive interest rates and minimal fees tailored to your financial profile.

Understanding the interest rate is crucial, as it directly affects your monthly EMI and total loan repayment. Personal loan interest rates for government employees typically range from 10% to 31% per annum, depending on:

• Your credit score
• The loan amount
• Chosen tenure
• Internal lender policies

There are two types of interest rates:

• Fixed Rates : Stay constant throughout the loan tenure, ensuring predictable EMIs.
• Variable Rates : Can change based on market fluctuations.

To get the best rate:

• Maintain a good credit score
• Compare offers from multiple lenders
• Review your credit report
• Use online EMI calculators to estimate payments and plan your budget effectively.

Eligibility Criteria for Bajaj Finserv Personal Loan for Government Employees

You need to meet the following eligibility norms to get this loan. Take a look at the table below to know the basic details:

• An applicant must be an Indian citizen
• He/She must be between 21 and 80 years of age
• Should be a salaried professional working with a multinational corporation (MNC), government organization, or a private company.
• CIBIL Score should be 685 or higher
• The minimum monthly income of an applicant must be INR ₹25,000 per month, although this amount may vary based on the city you reside in.

Bajaj Finserv Personal Loan EMI Calculator

Want to know the exact calculations of your monthly installments? Use a personal loan EMI calculator online and know the exact and accurate values in the least time frame. This smart device, powered by advanced algorithms, helps you get accurate and well-presented results effortlessly.

You simply need to feed the loan amount, tenure, and interest rate into the device, and within a few seconds, it will fetch the exact calculations of your EMI and Interest Outgo, hence allowing you to make a calculative decision in the future.

Let’s gain a clearer understanding through the example given below:

Suppose Ankit Aggarwal, a 32-year-old Graphic Designer by profession, is looking for a personal loan of INR 2 Lakh to renovate his home. He has applied to avail the loan from Bajaj Finserv and after going through his profile, the lender agreed to offer the credit at an interest rate of 10% to 31% p.a. for a tenure of 5 years. So, let’s take a look at the table below to note the exact calculations of his monthly installments.

Required Documents for Bajaj Finserv Personal Loan (for Government Employees )

To ensure a smooth and quick loan process, make sure you have all the necessary documents ready. Here’s a list of the essential paperwork you’ll need:

• KYC Documents - Passport, Driving License, PAN Card, Aadhaar Card, Letter of National Population Register
• Employee ID Card
• Salary Slips of the previous 3 months
• Bank account statements of the salary account, for the previous 3 months.

Features & Benefits of Bajaj Finserv Personal Loan for Government Employees

Here are some of the features of the Bajaj Finserv Personal Loan with its benefits -

• Instant Approval : Get quick loan approval within minutes of applying.
• Fast Disbursal (Within 24 Hours) : Funds are credited to your bank account within 24 hours of approval.
• Flexible Usage : Use the loan amount for any personal need—be it travel, education, wedding, or medical expenses.
• Minimal Documentation : Apply with basic documents such as ID proof, address proof, and income details.
• Customizable Tenure : Choose a repayment period that suits you, typically ranging from 12 to 84 months.
• High Loan Amount : Avail personal loans of up to ₹55 lakh, based on your eligibility.

How to Apply for a Bajaj Finance Personal Loan (for Government Employees)

• Visit the Official Website: Go to the Bajaj Finserv website or use the Bajaj Finserv app.

• Check Eligibility: Use the personal loan eligibility calculator to check if you qualify.

• Choose Your Loan Amount & Tenure: Select the desired loan amount and suitable repayment tenure.

• Fill out the Online Application Form: Provide your basic KYC details, income information, and employment details.

• Submit the Application: Review and submit your application online.

• Verification Call: A Bajaj Finance representative will contact you to verify details and guide you through the next steps.

• Loan Approval & Disbursal: Once verified, the loan will be approved and disbursed—typically within 24 hours.

Conclusion

Bajaj Finserv offers a reliable and convenient personal loan solution tailored for government employees. With benefits like instant approval, quick disbursal within 24 hours, minimal documentation, and competitive interest rates starting from 10% p.a., it's an ideal choice for meeting various financial needs—be it emergencies, travel, education, or home renovation. The flexible loan tenure and transparent fee structure further ensure a smooth borrowing experience. Whether you're a central or state government employee, Bajaj Finserv provides a smart, secure, and hassle-free way to access funds when you need them.