Are you a civil servant or employee of the public service and would like to apply for a favorable loan? Then the civil servant loan is just right for you. It is only available to a special group of customers and scores particularly attractive terms and interest rates.
So enter civil servant loans into the calculator when comparing quotes. With the civil servant loan calculator resp. Interest calculator you can quickly and easily calculate your monthly rate. Select your desired loan amount and the term of the loan.
The civil servant loan calculator immediately shows you the total monthly rate. What you should continue to pay attention to, who receives a favorable civil servant loan and how you can save interest as a civil servant, is explained in the following guidebook.
Civil Service Loan FAQ
What is a civil servant loan?
The civil servant credit is not a protected term. This is a form of credit with particularly favorable conditions and many advantages. This is because it is aimed at a professional group with very secure employment and regular income. Therefore, the risk of default for banks is very low and loans are offered at particularly favorable conditions. However, the loan is not only granted to civil servants. If you have a very secure job, it's worth asking your bank about a civil servant loan.
Beamtenkredit – loans with particularly favorable conditions
Civil servants, public sector employees and academics have many advantages with banks and credit institutions compared to other professional groups with the receipt of a favorable civil servant loan. The reason is that they have secure employment and a regular income, which significantly reduces the risk of default on the loan and these occupational groups thus benefit from a better credit offer.
This is important
Civil servants and public sector employees are therefore very welcome borrowers at banks. The civil servant loan is therefore aimed at this specific group of customers. The favorable loan for civil servants is a low-interest loan with special conditions. Another advantage: the secure income means that you can do without the usually expensive residual debt insurance with the civil servant loan.
Freely available civil servant loan – available from almost all banks
The civil servant loan is available at almost any credit institution, so you can apply for it anywhere and do not have to rely on specific banks. The civil servant loan is generally not tied to a specific purpose, so borrowers can freely dispose of the borrowed money. Nevertheless, it can be worthwhile under certain circumstances to specify a purpose when comparing.
Earmarked loans such as a car loan or real estate financing usually have even better conditions, from which civil servants can additionally benefit. Due to the favorable interest rates compared to a conventional installment loan, it is also worthwhile to use the civil servant loan for debt restructuring, i.e. to replace expensive loans with it.
Instead of several expensive loans at different banks, you only pay off a single loan at one bank. The rescheduling of debts becomes with successful application and/or. Loan granting done for you by the new bank. Bundling loans allows you to save a lot of money in the process.
Particularly favorable loans are available for civil servants of various fields of work, for example:
Some banks also give loans for civil servants to employees in jobs that are similarly secure, for example, at large companies, municipal companies such as power companies and housing associations, large industrial companies, associations and cooperatives. The requirements may vary from bank to bank, as civil servant status is not a mandatory requirement to obtain a favorable civil servant loan.
Tip
You are not a civil servant? No problem! The range of occupations eligible for officer loans is wider than generally suspected. Therefore, it is worthwhile to ask the bank whether the professional group can benefit from the very favorable conditions. Loans for civil servants are often also available for retirees. However, there may be an upper age limit on loans here.
Civil servant loan – not a protected term
The term civil servant loan is not a legally protected and clearly defined term. It is due to the special conditions rather a colloquial term. To take out a favorable civil servant loan, you therefore do not need to submit a special loan application. If you enter civil servant loans into the calculator, you will automatically be ranked better by the bank when evaluating your credit rating.
Loans for civil servants are characterized by very low interest rates, which are below average. Civil servants receive stable, guaranteed interest rates. No matter whether you want to use a favorable official loan for a house purchase, a car financing or vacation journey, they are stable and safe during the credit period.
Tip
If the spouse is also a civil servant, he or she can be included in the contract as a second borrower. This usually lowers the interest costs significantly. Interest rates can also be reduced at a discount. The term stands for the discount of the nominal value as part of the loan approval process. In addition, due to the secure employment of this occupational group, very long terms and high loan amounts are possible. The loan comparison helps you find the best loan for civil servants. When comparing, pay attention not only to the interest costs, but also to a flexible contract design, for example, unscheduled repayments, early repayment of the remaining loan or installment breaks.
What conditions should be guaranteed to obtain a favorable civil servant loan?
Of course, the applicant should belong to a special group of people, since the civil servant loan refers only to civil servants. This fulfills a very important point as a requirement to get a favorable civil servant loan.
The creditworthiness should be good, as with any loan. This check is almost always done before a loan is approved. For a successful loan application, the Schufa query must not be negative. The more impeccable the Schufa rating, the better interest rates borrowers receive. In addition, a sufficiently high income corresponding to the desired loan amount is important. The basic conditions that the borrower must meet include:
Basic requirements for a borrower:
In addition, you need to submit copies of various documents to apply for a cheap civil servant loan:
Bank statement showing the transfer of the salary or pension
The credit application is sent to the bank together with the documents. For identification, depending on the provider, either the Postident procedure via a post office branch or, as an alternative, convenient online identification via a Videoident procedure is available. After successful credit check resp. -approval of the bank, the loan amount will be transferred to the account shortly. As a rule, loans for civil servants, just like other financing, are not available without collateral. In addition to a good credit rating and a secure, sufficiently high income, this includes, for example, endowment life insurance or a surety bond.
Use the civil servant loan calculator
This is how the comparison calculator is used:
After that, you will already see your expected monthly installment as a first indication.
After that, the comparison result is adjusted and sorted by the amount of the effective interest rate in ascending order, so you will see the loans for civil servants with the low interest rate first. Find the banks that are right for you in just a few minutes.
Special loans for civil servants are very favorable. But with the free and non-binding online loan comparison, you can save even more money. The decisive factor here is always a favorable effective interest rate, because this already includes all total costs. Also, the selection of certain services such as free unscheduled repayments or installment breaks can be useful via the filter functions to tailor the loan offer exactly to individual needs.
This is important
Nowadays, it is very easy to use the civil servant loan calculator on the Internet to get an overview of the conditions. The civil servant loan can be compared online not only quite conveniently, but also applied directly on the Internet.
Summary
Many banks offer attractive special conditions for a civil servant loan. The reason is obvious: This occupational group is considered to be very reliable and solvent. Civil servants can usually repay the loan installments with their secure income at any time, because they benefit from high termination protection rules. Civil servants and public sector employees are usually not subject to termination after the probationary period.
The state also ensures a regular income. The risk of default is very low for the bank, so that it provides a favorable loan for civil servants with optimal interest conditions. The extremely favorable interest rates offer a very high savings potential month after month.
A further advantage results from the term, since this can be set enormously high due to the protection against dismissal. In addition, with a longer term you can reduce the monthly loan installments. Therefore, be sure to enter Beamtendarlehen in the calculator if you belong to this occupational group, so that you can benefit from the various advantages of the Beamtenkredits. It pays to compare, because this will help you find the best conditions.