Officials also have wishes and dreams that want to be fulfilled. Due to their special status with banks, larger purchases can also be made, because the loan amount is much higher than with normal loans.
Officials and civil servants can apply for an online loan for civil servants. There is an exception to this, however, because the applicant must not be older than 58, otherwise the risk of credit default increases. The loan is given in combination with a life insurance. During the term, the borrower pays the insurance premiums. At the end of the term, the contributions paid will be used to pay off the online loan for civil servants. For this reason it is a special loan because ordinary employees do not get this loan.
Why do officials get this loan?
It is not for nothing that officials have a special status with the bank. You have a secure job and a high income. That alone is enough to have enough security. Banks are reluctant to lend to people with low incomes. The bank’s status rewards them with low interest rates and a large loan amount that can be raised. The term can be used variably, so it is between twelve and 20 years.
The loan amount is usually 20 times the official’s net income. The amount of insurance contributions always correct according to the age of the applicant. The younger he is, the cheaper the contributions will be.
How can the loan be used?
The online credit for civil servants can be taken out without any use. So only the condition must be met that old loans are repaid with the new loan. As soon as this is done, the remaining amount is at your free disposal. Employees often have to tell the bank what they need the money for. Officials, however, do not have to do this, which is also related to the status of this professional group.
Swiss credit for civil servants
Officials can apply for an online loan for civil servants in the form of a Swiss loan. You do not need any additional collateral. The advantage of a Swiss loan is that it is not entered in the Credit Bureau and that the Credit Bureau is not questioned when applying. Credit Bureau works with Cream banks, but not with Lite banks. This means that another loan can be taken out without any problems, even if a loan is already being repaid in Germany. The loan is taken out with the help of a credit intermediary who can be found on the Internet.