Official car loan – Officials get particularly good conditions

Financing at a reduced price compared to ordinary loans not only offers car loans from dealer banks and many commercial banks, but also inexpensive official loans. These can also be used for vehicle financing and, contrary to their name, are not only available to civil servants. Who receives an official loan for vehicle financing? The product name civil servant loan does not mean that the discounted loans are only granted to civil servants or to judges and professional soldiers who are largely on an equal footing. Rather, banks generally grant official loans to all employees in the public service. Most lenders have extended the range of possible borrowers for official loans and also offer these to employees if they have been with the current employer for several years. Church officials and employees of the major religious communities are treated as civil servants and civil servants when granting loans. This group…

Loan for pensioners from 65

Sixty-five years was the normal retirement age in Germany before it was raised to sixty-seven. The beginning of retirement at 65 is still possible for severely disabled people after a long-term insurance, as well as with the acceptance of pension discounts for everyone. Bank loans for pensioners Many financial institutions approve a loan application for a pensioner aged 65 and over if the applicant chooses a term of up to five years. For longer loan terms, credit institutions often require credit default insurance when taking out a loan from the age of 65, since the risk of death before the loan is fully repaid increases significantly when the person reaches the age of 70. An heir can be given a guarantee for pensioners aged 65 and over as an alternative to the installment protection insurance. Courts generally recognize a guarantee secured by the inheritance, even if the guarantee provider has…