Personal Loan For Government Employees With Few Steps 

A personal loan is an unsecured type of loan which you can use for various purposes. A personal loan can be used for purposes like weddings, home renovation, school or college fees. You have to pay the personal loan amount with interest over the time.

More information about the personal loan – 

Generally, a personal loan is used to cover personal expenses. At vintage finance, you can avail personal loan of up to 15 lakhs. You can use a personal loan for the following purposes. 

  • Hospital bills 
  • College or school fees 
  • Moving or relocation expenses 
  • Wedding expenses 
  • Medical treatments 
  • Vacations expense

Two Types of Personal Loan are as Follows 

Secured Personal Loan – 

A secured personal loan requires some form of collateral. For example, you have to use the savings account or certificate of deposit to obtain a personal loan or physical assets like a bike, car, or your house as collateral to avail a personal loan. If you are not able to pay the loan amount then the lender may seize your collateral to recover your loan amount. 

Unsecured Personal Loan – 

In an unsecured personal loan, you don’t need any asset as collateral to avail of the loan. As compared to secured loans, the interest rate of unsecured loans is higher. 

Eligibility Criteria to Avail Personal Loan

  • Applicant must be an Indian citizen 
  • The minimum salary is 30,000
  • Age me over 23
  • Any state government employee or central government can apply. 

Document required for the loan

  • Pan card number 
  • Income proof 
  • Proof of address 
  • Address proof 
  • Personal Loan FAQs 

Personal Loan FAQs 

What is the minimum time required for processing and disbursement of a personal loan?

If your credit history and documents match our requirements then the loan will be approved within three working days. 

How much personal loan can I avail of from vintage finance?

You can avail of up to 15 Lakh rupees as a personal loan from vintage finance. 

Are there any special offers for me?

Special offers are available from time to time. You should get in touch with our representative to know more about special offers. 

Is it possible to close the loan early?

Yes, you can close the loan early. But you have to wait for a minimum of six months because if you close your loan before six months then there will be forced closure charges. 

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