Personal Loans for Defence Personnel

Name: Personal Loans for Defence Personnel
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Lenders do not usually offer any special personal loan schemes for defence personnel. Hence, defence personnel can avail the regular personal loans for financing their personal requirements. Some lenders offer concessional interest rates to personal loan applicants employed with armed forces and paramilitary forces. Note, many lenders also allow defence personnel to avail special personal loan schemes meant for government employees.

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4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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Interest Rates

Lenders offering preferential rates

Interest rates of Regular Personal Loan

Other Benefits

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Personal Loan for Defence Personnel Interest Rates

Many lenders offer lower interest rates to defence personnel availing personal loans. Such interest rates are usually lower than the personal loan interest rates offered to civilians.

Interest rates of Regular Personal Loan offered by Top Lenders

Banks/NBFCs	Interest Rates(p.a.)
Bajaj Finance	10% - 31% p.a.
Axis Bank	9.99%-17.15%
IDFC FIRST Bank	10.50%-20%
HDFC Bank	9.99%-12.50%
ICICI Bank	11%-13%
Kotak Mahindra Bank	9.98%-17.20%
Tata Capital	11.99%-13.99%
Federal Bank	12%-19.50%

Other Benefits of Personal Loans for Defence Personnel

Such loans can be used for any personal purpose, except for speculation
Some lenders also offer pension loans to defence pensioners
Personal loans offered to defence personnel are collateral free, i.e., the applicants are not required to provide any collateral or security to the bank/NBFC
Lenders do not usually charge any processing fees from defence personnel availing personal loans
Documentation charges are also waived off by many lenders for defence personnel

Lenders offering preferential interest rates to defence personnel

Lenders	Interest Rates (p.a.)
Punjab National Bank	Floating rates-10.50% Fixed rates- 11.50%
Bank of Baroda	Floating rates- 10.40%-10.90% Fixed rates- 11.05%-11.55%
State Bank of India	10.05%-15.05%
Union Bank of India	10.35%-11.55%

Avail Personal Loan For
All Your Needs

Documents Required for Loan Application

ID proof- Aadhar card, PAN card, Driving license, Passport
Signature proof
Address proof
ITR/Form 16
Last 3 months’ salary slips
Bank statements for past 6 months

Bank & NBFCs, especially offering preferential interest rates or other features, may ask for employment proof from armed/paramilitary forces personnel making personal loan applications.

Lenders offering special personal loan features to Defence Personnel

State Bank of India

SBI offers Xpress Credit Personal loans to army personnel having salary account with the bank. The defence personnel maintaining salary account with SBI can also make online personal loan applications with instant disbursal through YONO app. This facility is offered under the SBI Real Time Xpress Credit loans for loan amounts of up to Rs 35 lakh.

Bank of Baroda

Defence personnel maintaining their salary account with Bank of Baroda are offered lower personal loan interest rates starting from 10.40% p.a. onwards and for tenures of up to 5 years. The bank also offers a 0.10% concession in interest rate (both fixed and floating) to those borrowers who opt for group credit life insurance.

Punjab National Bank

PNB offers personal loans to defence personnel including CRPF, BSF, CISF, Military Station Headquarters and Indo-Tibetan Border Police at lower interest rates starting from 10.50% p.a. and for tenures of up to 5 years.

Union Bank of India

Union Bank of India offers personal loans to defence personnel under its Special Retail Lending Scheme for Government Employees. The interest rates of personal loans under this scheme starts from 10.35% p.a. and for tenures of up to 5 years.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

Avail Personal Loan For
All Your Needs

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency & need funds instantly I applied for loan at Paisabazaar & see I have a pre approved offers & apply to it & amount disbursed in 48 hours thanks to paisabazaar teams

Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn't know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

Pankaj SinhaSep 22, 2025

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Personal Loans for Defence Personnel

Paisabazaar Exclusive Benefits

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

Personal Loan for Defence Personnel Interest Rates

Interest rates of Regular Personal Loan offered by Top Lenders

Other Benefits of Personal Loans for Defence Personnel

Lenders offering preferential interest rates to defence personnel

Documents Required for Loan Application

Lenders offering special personal loan features to Defence Personnel

State Bank of India

Bank of Baroda

Punjab National Bank

Union Bank of India

How Can I Apply for a Personal Loan Online?

Personal Loan Articles

What our customers say

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