Are officials interested in a loan, then they are welcome at the savings banks and banks. As credit customers, officials have a safe and regular income. In part, civil servants receive particularly favorable terms due to their high collateral. These special conditions are then for example low interest rates and longer terms. The car loan for civil servants is often approved, provided the credit bureau information is also positive.
The loan for civil servants
A civil servant and an official have the opportunity to receive the special civil service loan. Otherwise, you can of course also get the normal car loan from a bank. A civil service loan is particularly interesting because it is at leisure and the term can be up to twenty years. Without a fixed purpose both a used and a new car can be financed.
A civil servant loan combines a life insurance and a repayment-free loan. Life insurance is an endowment life insurance policy that is used at maturity to repay principal. For this reason, the loan for civil servants is usually much cheaper, as the car loan for civil servants. The borrower only has to pay the insurance premiums and interest during the term of the loan. Should it then come at the end of life to generated surpluses in life insurance, then the official will be paid.
Car dealers and banks awarded the car loan official
If you decide as an official not for the civil service loan, but for a normal car loan official, then you can get this at a car dealer, at a savings bank or at any bank. The car loan officer of a bank has a great advantage, because the official then comes as a cash payer to a dealer and can thus negotiate some big discounts. The conditions of a car dealer are sometimes very good, if already a large sum can be paid. In general, civil servants and civil servants are welcome as customers for a loan.
Compared to other groups of people, the income is very safe, although sometimes not very high. In general, however, it can only be recommended that several offers are compared with each other before a credit decision is made so that a favorable offer is selected. As civil servants can not be dismissed because of their status and income is thus very secure, officials are always welcome. But because they are so easy to get a loan with good conditions, it often happens that the officials are in debt. It is also true that the officials do not earn badly, but they are not top earners.