Loans for government employees
Personal loan rates for government sector staff, read from each bank’s own website.
Rates checked 14 October 2026 on each bank’s own website
In short
- Confirmed government employees: NSB 13.00% up to Rs. 1 million over seven years with one guarantor, or 13.50% up to Rs. 6 million over 12 years with two.
- Department of Posts staff: NSB 13.00%; commissioned officers of the three forces: 13.25%; other ranks, Civil Security, Police and STF: 13.50%.
- NSB’s police distress loan is 11.50%, up to Rs. 400,000.
- BOC publishes personal loan schemes from 12.00%, but its rates page does not say which employers qualify for which scheme.
Rates compared
| Bank | Loan | Rate a year | Terms | Source |
|---|---|---|---|---|
| National Savings Bank (NSB) | Government sector confirmed employees, up to Rs. 1 Mn | 13.00% | up to 7 years, one guarantor | Bank’s site effective 2 June 2026 |
| Government sector confirmed employees, up to Rs. 6 Mn | 13.50% | up to 12 years, two guarantors | ||
| Employees of the Department of Posts | 13.00% | up to Rs. 5 Mn and 12 years, two guarantors | ||
| Commissioned officers of the three forces | 13.25% | up to Rs. 5 Mn and 10 years | ||
| Other ranks of the three forces; Civil Security Department; Police and STF | 13.50% | up to Rs. 4–5 Mn and 10–12 years | ||
| Police distress loan | 11.50% | up to Rs. 400,000 and 5 years, one guarantor |
BOC loans for government employees
BOC lists a Special Personal Loan Scheme at 12.00% up to five years and a Personal Loan Scheme at 14.00%, but its rates page does not say which employers qualify. Ask a BOC branch which applies to you, and see our personal loan rates.
A bank loan or an online loan?
Bank loans like these cost around 11–15% a year. Online loans are faster but cost from 190% APR to over 800% a year, so use them only for small, short, urgent needs. Compare bank personal loan rates.
Frequently asked questions
What is the loan interest rate for government employees?
NSB charges confirmed government sector employees 13.00% for up to Rs. 1 million over seven years with one guarantor, or 13.50% for up to Rs. 6 million over 12 years with two guarantors.
What is the BOC loan rate for government employees?
BOC’s rates page lists a Special Personal Loan Scheme from 12.00% and a Personal Loan Scheme from 14.00%, without saying which employers qualify. Ask your BOC branch.
Do I need guarantors?
NSB asks for one guarantor on loans up to Rs. 1 million and two on larger loans for government employees.