The status of civil servants at banks is usually viewed positively. Lifetime salary security lasts a lifetime, even beyond professional life. This makes officials particularly creditworthy for the banks.
Officials are also subject to negative credit information
If civil servants are also to be classified as creditworthy, it looks a little different if a negative credit entry is noted in the credit (protection association for credit protection). Even if an official believes that his professional situation is sufficient and that no credit information is obtained, he is wrong.
A credit query is carried out for every loan granted by a bank. Unless an official loan without credit information is applied for. In this case, the official can apply for a credit-free official loan and benefit from good conditions. A civil servant loan without credit information is a special application that is only valid for civil servants and for civil servants.
A credit-free official loan offers favorable conditions
Without credit means that the usual credit query is not used. The official’s creditworthiness is therefore verified by proof of his secure and regular income. Due to its salary security, this professional group is more likely to be granted credit than a normal employee. The conditions for an official loan without credit information are more favorable than for an ordinary loan without credit.
Many loan providers link their loan approval to a civil servant status for life. The employment relationship is practically non-terminable, which ensures a secure income and increases creditworthiness.
Credit intermediaries mediate credit
A government loan without credit information can be approved by specialized credit intermediaries with a loan. This loan is called credit because the investors are based in the country. Through an internet query, the credit broker can search for the loan that suits the official and offer it to various investors.
The processing of the credit query will be done by post.
A thorough credit check is carried out as a condition of the correct repayment of the credit-free official loan. A reputable provider will check carefully in advance whether the official can afford a loan. The scope for an official is particularly large. Because of the secure and regular income, long loan terms can also be agreed. This enables manageable installments to be realized even with large loan amounts.