Credit for specific professional groups.
Officials and people who have started a civil service career have an advantage over other consumers if they want to take out a loan, because the status of an official for the banks alone provides so much security that the loan for civil servants from all banks at the best conditions is awarded.
Why officials are welcome borrowers
Civil servants are in permanent employment, have a regular, secure and relatively high income and can therefore offer banks the security that is important for lending.
A special installment loan for civil servants is offered in the form of a civil servant loan for civil servants and a comparable group of people by some banks that only grant loans to civil servants.
On these special terms, there is also credit for civil servants, credit for teachers – even if they are not civil servants, they are at least civil servants – and credit for professional soldiers. The conditions for an official loan are, however, tied to the fact that the official status can be proven.
Past experience shows that civil servants are very reliable borrowers with a very low percentage of loan defaults. Banks want collateral when they lend, and they find this collateral in this professional group. If loans with interest rates dependent on creditworthiness are granted, it is the civil servants who can count on the fact that they can get a loan on particularly favorable terms, because their creditworthiness alone is best assessed by the professional group.
Credit for members of the Bundeswehr
Civil servants of the Bundeswehr are civil servants and can benefit from the advantages that also benefit civil servants. The professional soldiers of the Bundeswehr also belong to the group of people for whom an official loan is also possible. In addition, every other bank provides soldiers with loans at attractive terms if they are not just temporary soldiers. When it comes to a time soldier loan, banks typically expect the loan to run no longer than the time soldier’s commitment.
Loan for civil servants
Civil servant candidates are still at a stage where they have not yet been granted civil servant status. This means that if civil servants want to take out a loan, they will get it from all banks with the appropriate creditworthiness, but when it comes to a civil servant loan, they do not yet have the requirements that must be met when applying for a civil servant loan.
The same applies when it comes to a loan for trainee lawyers or a loan for civil servants. During the traineeship and during the trial period, you are not yet civil servant and cannot benefit from a particularly cheap civil servant loan. However, if an installment loan is applied for from a direct bank or branch bank, you can count on getting a loan at favorable conditions even at this stage of the profession.
Loan to farmers
The credit for farmers is to distinguish whether it is a credit to farmers, which is taken for private purposes or for a loan, to be used for the farm.
If farmers want to take out a loan for private purposes, they are on an equal footing with the self-employed and freelancers. You run an agricultural business and cannot prove a fixed income. This means that a private loan for farmers can only be applied for at banks that offer loans for the self-employed.
When it comes to an agricultural loan, farmers should turn to banks, which prefer to lend to farmers. These include the cooperative banks, but under certain conditions also the Fine Bank or Agree Bank, which is a special development bank for the agricultural industry.