What is an official loan?

The definition of the official loan

The official loan specializes in a completely determined occupational group, as the name already says: the officials.

With to be included in addition university graduates, who are firmly employed for 5 years and employees in the public service, who are not subject to notice.
Hamburg-Mannheim particularly favorable conditions offer due to the high security of the income of an official.

Noncommittal credit inquiry

The official loan has a low interest rate and a long running time. It is secured always by credit investigation bureau an information.

As the further security the coupling of the credit to life - or old age pension insurance.

One can call the official loan also beliehene life insurance.

The customer locks a life insurance and beleiht these then with the credit sum.

This offers two advantages for the applicant for the credit. If it would like to release its credit before expiration of the contract time, then it can use life - or old age pension insurance further as age precaution.

If the applicant for the credit before the repayment dies, then the survivors can cover and suffer the credit with the insured sum so no financial losses.

Over the entire running time the insurance premium as well as the credit rate are thus paid.

The interest rate remains constant over the entire running time and obtains one at the end a surplus, then this is disbursed.

The official loan is exclusively assigned if all other current credits are paid off or are umgeschuldet by means of the official loan.

Since an official loan has a very high running time, it is suitable very well as financing for long-term planning, like for example a building of houses or the new purchase of a car.

Also possible special repayments, which are not intended usually with other credit forms, are effective.

If the applicant for the credit deposits a larger sum outside of the monthly rate or erases the credit before expiration of the contract time, this is taken into account later on the credit and with the disbursement of the insurance charges.

To the official loan

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