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Credit for employees

The loan for employees – low-interest with comfortable terms and repayment options

The loan for employees - low-interest with comfortable terms and repayment options

A loan for employees is comparable to a classic installment loan with variable maturities. It is granted to administrative employees, civil servants, commercial employees and civil servants who require additional funds in the short or long term. Especially for employees, the conditions are usually quite cheap, the terms comfortable and the loan repayment variable. In any case, a careful comparison of credit institutions is recommended, because the countless providers in the German market, offer different conditions.

Contents:

The loan for employees – low-interest with comfortable terms and repayment options

  • The necessary requirements and plans for an employee loan
  • Better conditions for non-cancellable public sector employees and civil servants
  • Repayment of the loan by a capital life insurance
  • First compare the banks and their terms
  • Credit for employees – fast and secure
  • Save real money with shorter credit and small sums!
  • The term and interest on loans for employees
  • Faster without financial worries to the goal.

The necessary requirements and plans for an employee loan

The necessary requirements and plans for an employee loan

Employees usually have no problem getting a quick loan approval. If you have a steady and regular income , you will be able to service the repayments on time. But before taking out a loan, careful financial planning is recommended. Autonomous should be contrasted with the monthly expenses and revenues, so that the monthly repayment rate can be calculated. Here, a household book makes valuable help.

It also makes sense to find out about a loan loss insurance . This insurance protects the borrower against sudden, indebted insolvency and ensures that the borrower can repay his installments, even in times of need, regularly and on time.

Good to know:
A life insurance protects the surviving dependents against costs that may arise due to the premature death of the borrower.

Better conditions for non-cancellable public sector employees and civil servants

Non-cancellability is a privilege that can provide numerous benefits to civil servants and civil servants. Thus, the usual market credit range of 5000 – 80,000 euros . Depending on the age of the borrower, terms of up to 20 years can be agreed, which has the advantage that the repayment installments can be kept extremely low, leaving the borrower with greater financial leeway.

Note:
In addition, borrowers of such employee loans benefit from low interest rates and, in some cases, from a free special repayment right.

Repayment of the loan by a capital life insurance

Repayment of the loan by a capital life insurance

It is possible to repay a loan for employees and civil servants with a life insurance policy. All in all, this type of repayment is more favorable than the monthly repayment of repayment installments to the bank, because the monthly insurance premiums on life insurance earn interest.

Info:
The life insurance policy should have the same term of the loan agreement and the expected payout should be in the amount of the loan . At maturity of the LV, the entire accumulated money goes to the bank. The loan is redeemed and a possible surplus participation may be withheld by the borrower.

First compare the banks and their terms

Loans for employees show significant differences in terms and conditions. Numerous credit companies, banks and direct banks vie for the favor of customers. Accordingly, the interest rates of individual providers vary. Anyone who compares all providers before borrowing is better informed than someone who simply goes to a single bank adviser . The direct banks on the Internet, for example, often offer free comparison calculator, which calculate in a few minutes, the cheapest loan option.

Credit for employees – fast and secure

 

In modern times, it is not uncommon that money in everyday life can ever be scarce. Nevertheless, it is not a cause for concern, as the chances for a loan are extremely good . One reason for this is the safe and regular income. If this is available, and this can also be proved, this proof is almost sufficient for a permit. Nobody has to justify this.

Note:
The reasons for a loan often have a wide range. Starting with a broken washing machine over an accidental accident with the car. This damage must be replaced in any case. So a normal consumer can get into this situation faster than he would like.

Save real money with shorter credit and small sums!

Save real money with shorter credit and small sums!

For small sums, the possibility of a loan is given faster. At certain heights as for example from 5000,00 Euro a payroll is sufficient . This requirement varies depending on the bank. The bank statements of the last three months must be presented in order to ensure that the financial situation is currently hedged.

At altitudes of about 20,000 euros, banks and other banks want information about the length of the employment contract . A good chance can be calculated if the probationary period is exceeded, and an attempt to obtain a loan will never be wrong. A good help is to be able to provide collateral, which ensures an optimal and complete repayment of the loan. These can be for example a value property or a life insurance.

Info:
Also a guarantor from the family or friends circle can be a good help. In this case, it is necessary that the future responsible person has a creditworthiness.

The term and interest on loans for employees

The amount of interest depends on different factors. Basically, the rule is that this factor is decided with the length of the runtime. If you want to save, it is advisable to choose a short time to get rid of the ballast as quickly as possible and not to get too high a surcharge. Thus, fewer zins should lure to this loan with a higher repayment rate.

Faster without financial worries to the goal.

In this way, the borrower pays back the same amount with less interest. It is always right to be aware of the monthly rate that can be achieved without sacrificing life’s essentials . Expenditure must be calculated and adhered to exactly. In professional circles, lawyers and consultants have a good rule of thumb. Thus, the rate of the chosen loan should not exceed forty percent of a net income to prevent renewed financial difficulties.

Those who act in this way are fortunate enough to have overcome these worries with heart, reason and reason. In everyday life it is often not easy to keep an eye on the financial situation, and often one is too comfortable after work.

Note:
Compare worthwhile with every pending and planned loan. With a creditworthiness without objection and registered entry at the Schufa an employee has many possibilities for his planning. Even if the road to a credit company or a particular bank appears to be the shortest and easiest, it is highly recommended that the comparisons be made.