How much loan can an IAS officer get Quora?

How much of a loan can an IAS get? – Quora. Since an IAS is an Government employee on Fixed salary. Banks will lend on basis of your salary. Generally, maximum 50–60\% of your last drawn salary is considered as Maximum EMI that one can pay from his salary.

Do IAS officers get housing loan?

Residence: IAS officers generally get huge houses as residences on very low or no rent. They also can avail of the services of maids, cooks, gardeners, security guards, etc.

Can government employees take personal loans?

The loan for government employees helps cater to their personal needs. The Personal Loan is available to employees of public sector undertakings (PSUs), including central, state and local bodies. The Personal Loan for government employees offered by HDFC bank comes with tenure of up to 6 years.

How much an IAS officer can save Quora?

Since most IAS officers get posted in smaller towns in India, they hardly have many avenues to go to a restaurant or for a movie[ theatre]. Hence, they can save around 20-30 \% of the salary.

Is IAS a good career option after retirement?

Post-retirement: Officers can also be appointed to commissions or tribunals. Their services can also be availed off in other departments of the government. Many IAS officers are also sought-after by private companies for their talents. As you can see from the above, the salary and facilities of an IAS officer are indeed attractive.

What is it like to be an IAS officer?

The IAS officer salary and facilities combined with the power that he/she wields is quite overwhelming. It also presents an opportunity to serve the country by using one’s talents and abilities. To read more about the life of an IAS officer, aspirants can check the linked article.

How do IAS officers get their houses?

Residence: IAS officers generally get huge houses as residences on very low or no rent. They also can avail of the services of maids, cooks, gardeners, security guards, etc. Transport: They are allotted one or more vehicles with chauffeurs for official purposes.

How long can an IAS officer go for study leave?

Study Leaves: IAS officers can also go for study leaves for 2 years. They can even undergo courses at reputed foreign universities. The cost of such courses will be undertaken by the government. Of course, there are restrictions on this facility.