Credit for professional soldiers – it’s that easy.
Professional soldiers are very welcome at most banks. There are several reasons for this. First and foremost, it should play a role that the professional soldiers perform a very safe, well-paid job and, in most cases, also have civil servant status.
Requirements for a loan for professional soldiers
The most important credit requirement is met almost automatically by all professional soldiers. This is a secure and sufficiently high income, which is given by the regular payment of the monthly wages. In fact, most banks classify soldier’s salaries as much safer than a regular salary from another employer. The main reason for this is that the professional soldiers can only be fired very rarely and have one of the safest employers ever.
Private credit checker information is also always obtained when applying for a loan for professional soldiers. If this is OK, which should be the case with most soldiers, there is usually nothing standing in the way of the loan for professional soldiers. It can then be approved and paid out very quickly.
Conditions for credit for professional soldiers
Due to their secure income, which in most cases is even guaranteed for life, professional soldiers can also take advantage of special civil servant loans at particularly favorable terms. Such loans are often combined with life insurance or pension insurance. For this reason, only the interest on the loan has to be paid during the entire term. The outstanding amount of money is then redeemed at the end of the term with the help of life insurance or pension insurance.
Additional amounts are saved for these insurance policies. A residual debt insurance is very often offered, but is usually superfluous with a loan for professional soldiers. Only the protection of the bereaved in the event of death would make some sense here.
Both a civil servant loan and another loan for professional soldiers are always freely available. The only exception is if the loan is specifically earmarked, which is the case with a car or real estate loan.