Special loan terms for civil servants

In principle, in Germany any group of people can obtain access to a loan if they need a specific loan amount from a bank. However, there are professions that benefit from particularly favorable special conditions when taking out an installment loan. The professional group of civil servants can make use of this advantage when applying for a loan because they are permanently employed. Civil servants include, for example, police officers, teachers, soldiers and lawyers. Compared to employees, civil servants often find it easier to obtain a loan with, for example, lower interest rates due to their civil servant status.

Civil servants receive a special loan for civil servants. Due to job security and a stable income, they are particularly welcome borrowers and receive a civil servant loan or Beamtendarlehen. A Beamtendarlehen or civil servant loan is therefore issued to borrowers with high creditworthiness.

In everyday language, a credit is also referred to as a loan. A Darlehen usually has a longer term and a larger amount, whereas a Kredit typically has a smaller amount and a shorter term.

To meet the growing competitive pressure in the market, more and more banks are specializing in offering a civil servant loan. Particularly favorable conditions and attractive terms are intended to support the acquisition of new customers.

You can, for example, request the MAXDA civil servant loan free of charge and without obligation.

Individual loan for civil servants

A civil servant loan generally refers to a specialist loan consisting of an installment loan and a life insurance policy. The interest rate of a loan for civil servants is independent of creditworthiness. Interest rates on a civil servant loan are usually lower than on a loan for employees. There are no restrictions on the purpose of use. However, a civil servant loan is often used to repay existing loans. This is also called refinancing. An old loan is replaced by a new loan. A loan comparison of the various lenders should definitely be carried out when refinancing.

In addition to the monthly installments, the loan amount can also be repaid in the form of special repayments. A special repayment is an unscheduled payment that can also have the advantage of saving interest.

Over time, the design of individual loan products has become increasingly tailored. Thus, the professional group of civil servants benefits not only from particularly low-interest loans but above all from attractive terms. To appeal to a broader customer base, employees of the public administration such as teachers or police officers also benefit from banks' civil servant loans.

Banks also specialize in civil servant loans and Beamtendarlehen and offer loans almost exclusively for civil servants and public sector employees.

Compare loans for civil servants

Civil servants and public administration employees also benefit from particularly favorable conditions when it comes to conventional loans. For this reason, civil servants should compare both individually tailored civil servant loans and standard loans before concluding a loan. Only in this way can you save real money.

You can find out the individual conditions in more detail at your local bank. However, an online loan for civil servants is often significantly cheaper than a loan taken out at a bank branch. These cost savings result from considerable reductions in processing fees and administrative fees.

The Schufa check, for example, is handled differently depending on the lender. In most cases, however, a Schufa check is carried out. A Schufa entry does not automatically mean that you cannot take out a civil servant loan. A distinction is made here between positive and negative Schufa entries. Only a negative Schufa entry will have a negative impact on taking out a loan.