Officials for life should, according to the unanimous opinion, be able to lead a perfectly happy life. The job is safe, the income high – what more could you want. But if you take a look behind the scenes, you can see that this is not all that makes a life. Because if you are a civil servant for life, you usually have a very stressful day-to-day work. Many of them are police officers, in the army or otherwise ensure that the civilian population is well.
If you also consider that an official also has wishes that, despite the attractive income, cannot be fulfilled without additional support, every grumbler and know-it-all will quickly see that civil servants are only people who have to deal with normal problems.
The benefits of a loan for lifetime officials
Despite all of this, there can of course also be advantages to being a civil servant for life. One of these benefits shows up within a loan for lifetime officials. Due to the good professional situation, this is offered at extremely attractive conditions.
Each bank receives an official with open arms when he requests a loan for lifetime officials. The banking houses also know that civil servant status only allows employment to be terminated in very rare cases. Therefore, a security for the loan – namely the fixed income – is given from home. This advantage is gladly supported by particularly low interest rates, very long terms and attractive repayment modalities. Those who are civil servants therefore hardly have to worry about whether they will find a suitable loan for their project.
Where can I get the loan for lifetime officials?
Official loans can either be taken out directly from one of the many banks or from a civil servant bank that specifically deals with loan offers for civil servants and civil servants. Both variants have their advantages.
Anyone who chooses a loan from one of the many banks in Germany has the opportunity to choose the best loan for lifetime officials from a wide range of loan variations. With the help of a comparison, this can be done within a few minutes. It is important that the comparison shows that the borrower is an official. Only then will the interest rates tumble and the terms extend.
However, if you prefer to take out the loan for a civil servant from a civil servant bank, you will be dealing with a loan offer, which is only offered there in this form. The civil service bank does not simply put the money that is repaid as an installment into the loan. Rather, it invests in pension insurance that is saved over the term and paid out at the end of the term. Only the monthly interest flows directly into the loan.
This measure saves insurance that has the minimum return or payment that is exactly what is needed to redeem the loan. However, if a higher return is generated, it will not be lost after the payment or will even flow to the bank. The money is then given to the borrower, who ultimately also made money by borrowing from the civil servants’ bank.
The insurance also provides protection for the borrower’s family. Should this unexpectedly leave life, the insurance company will consider the remaining payments and send the family a settlement.