Civil servants who apply for a civil servant loan without private credit checker generally have a fair chance of getting it. However, there are some restrictions on an official loan without private credit checker, which do not exist on an official loan with private credit checker information.
The official loan
Officials tend to get loans very easily. This is partly due to the fact that civil servants are appointed for life, but also partly because civil servants receive their money on time and regularly. As a rule, the civil servant receives his salary until he retires if he is not at fault. Even afterwards, until his death, he receives an attractive and, above all, regular pension. Both with the salary within the civil service career and with the pension it is easy for civil servants to get a loan.
The official loan without private credit checker information
An official can also get into the situation of having to apply for an official loan without private credit checker. It is often just a forgotten reminder that already leads to a negative private credit checker entry and a loan with private credit checker information is not granted at this time. Often these are very small amounts, which means that no loan is approved at the current time.
If this loan is urgently needed, an official loan without private credit checker can end the financial misery in the short term, because the negative private credit checker entry initially remains for three years. Nevertheless, an official has a much better chance of getting a loan quickly and discreetly than is the case with employees.
The restrictions on this type of loan
In the case of a civil servant loan without private credit checker information, the civil servant does not receive the same favorable conditions as is usually the case with civil servant loans. But here too, the officials receive a loan with better terms because of their secure professional status. Nevertheless, a civil servant loan that is granted despite negative private credit checker information has significantly higher interest rates than would be the case with a normal civil servant loan. Therefore, the official wishing to take out such a loan should carefully consider how much the loan should actually be and how long the loan should be repaid.