New Delhi, June 2 -- Most Indian government employees are in a unique financial position when it comes to personal loans. Banks and other financial institutions are offering them specially designed loan products and with incredibly favourable terms because of their annual salary, employment and reliable sources of income. This article will outline the various benefits that may be available, interest rates, and some important considerations for personal loans for government employees.

Since government employees have both regular and secure sources of income, they are often viewed as a less risky borrower by lenders. Because of this, lenders may be able to offer government employees better credit terms, rates, and higher limits on their pe...