What Are The Options To Get a Home Loan For Government Employees

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It is true that government officials have certain privileges such as free medical insurance and house. In addition to these, they also get specially designed home loans. Yes, some of the top lenders in India offer home loan for government employees. To know more about it read this article.


  1. SBI
  2. Bajaj Finserv
  3. PNB Bank
  4. LIC HFL

SBI Home Loan for Government Employees Eligibility Criteria

The eligibility criteria for a home loan for government employees at SBI is as follows:

SBI Privilege Home Loan

  • Employees of Central/State Governments, including Public Sector Banks (PSBs), Central Government-owned PSUs, as well as other individuals with pensionable service are entitled for loan as per the scheme.

SBI Shaurya Home Loan

  • Defense Personnel of Army, Navy and Air Force are eligible to receive the loan as per the scheme.

Bajaj Finserv Home Loan Eligibility Criteria for Government Employees

  • You should be an Indian citizen
  • You should be between 23 and 58 years old
  • You should be a working professional with work experience of at least 3 years
  • The minimum loan amount that you can avail is Rs.10 lakh and the maximum is Rs 3.5 crore

PNB Pride Housing Loan for Government employees Eligibility criteria

  • For permanent Employees of Central / State Governments/ Defence Personnel & Paramilitary Forces - Individuals or Joint owners.

LIC Home Loan for Pensioners Eligibility Criteria

Before Retirement

  • Persons whose age is 50 or more and having a pension scheme after retirement may apply for loan under this scheme.

After Retirement

  • Pensioners having a stable income throughout their life from pension may apply for loan under this scheme.

Where can you apply for a home loan?

Once you figure out which lender would be suitable for you, there are two option with which you can apply- online or offline. In an offline procedure, you will have to visit the nearest branch of the selected lender along with the required documents. Since home loan applications are complete only after successful document verification, it is a long and tedious process. So, you might have to visit the branch a lot of times for the follow up.

On the other hand, online process is much simpler and hassle-free. You can simply visit the official branch of the lender. You will find the online home loan application form there. You will have to submit some basic information and on the basis of that information, bank will contact you for further process. The whole process will be done online so you can manage it without affecting your regular tasks or taking offs from the job. Also, there is an option to apply through a portal which can help you select the best choice. For that, there are some trustworthy portals which give you home loan comparison choice as per your requirement. You can fill that up and get unbiased suggestions at your ease.

On the basis of the details on banks offering a home loan for government employees and the documents required for it. You can apply for a suitable lender as per your comfort. But, do not forget to compare home loan rates at these lenders.
Location: India

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