Although civil servants are still in training on revocation, they have already been sworn in as civil servants. However, this does not mean that you can also get a normal civil service loan. Such a loan is usually reserved for life officials or trial officials. However, the latter must have reached the age of 25.
Loans for trainees
Loans for civil servants on revocation are often normal training loans, which are also open to numerous other professional groups. However, the prerequisite for this is that the trainees can demonstrate a good credit rating and do not already have negative Credit Bureau entries. For this it would usually be sufficient if a cell phone bill remains unpaid or if the reminder period for any other bill has been exceeded. Another problem with a loan for trainees or a loan for civil servants on revocation is the fact that the trainees earn very little and therefore cannot borrow large amounts.
As long as it is not yet clear whether an official will be accepted into the civil service on revocation, he can only receive small loan amounts of a few hundred or a few thousand USD. This becomes particularly problematic when the first car is purchased, the driving license is financed or an apartment is to be set up. By providing additional collateral or a suitable guarantor, however, it would be possible to significantly increase loans for civil servants on revocation.
Compare loans for civil servants on revocation
Withdrawals for civil servants can be taken out both at your own bank and at numerous other banks or savings banks. They differ not only in terms of terms, but also in terms of their totals and monthly repayments. When taking out a loan for trainees or a normal installment or consumer loan, it would also be advisable to pay attention to the amount of the effective annual interest rate and whether a loan is credit-dependent or credit-independent. Withdrawal officials usually have good cards for a credit-related loan.
Your job is considered to be largely secure, at least during the training period. In this context, however, it could happen that a bank is only willing to grant a revocation loan to civil servants whose term does not extend beyond the end of the training period. For this reason, it is advisable to wait with larger private investments until the training is over and there is clarity about how the further professional path will proceed. Banks tend to be a bit more generous with probation officials. A long-term loan with low monthly installments is not a problem here.