Soldier’s loan – the loan for soldiers

Serving for the country as a soldier is generally a great thing to do. But do you know that banks reward commitment?? This is done in the form of special loans, which only professional and temporary soldiers receive. Although they also get loans from the house bank, but in terms of conditions, these usually perform worse. A visit to us is worthwhile, because we compare the best offers.

Employer bundeswehr

The task of the bundeswehr is primarily peacekeeping. This includes providing relief and reconstruction in crisis-ridden regions. Compulsory military service existed until 2011, today the state is only allowed to call up soldiers in case of tension or defense. However, you can do voluntary and paid military service. Temporary soldiers decide for themselves how long they will serve in the bundeswehr. The possible time periods range from four to 20 years, after which military service can theoretically be continued until retirement age. Professional soldiers enter into an open-ended employment relationship from the outset. Training and further education are often part of the service period, which benefits the professional career after retirement.

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Bundeswehr: top earnings and financial security

The bundeswehr offers optimal pay opportunities for both regular and professional soldiers. The salary is similar to the salaries of civil servants (comparable to loans for police officers), it results from the federal salary scale A and B. The rank as well as the years of service decide how high the salary will be. In individual cases, special allowances are added, such as for pilots, combat swimmers or company sergeants. Depending on the living conditions, married as well as dependent military service members receive handsome family allowances in addition to their basic salaries. In short, soldiers are financially well off, unlike many other people. Those who do military service do not become unemployed so quickly. The pay comes regularly on the account and a failure of the income is not to be expected. Banks reward this with attractive framework conditions, as in most cases long-term planning security is provided. You know exactly that you will get back the money you lent with a very high probability. Soldiers are valued borrowers at almost all financial institutions.

Professional soldiers, in principle, have the status of civil servants, since, like teachers, ambassadors, policemen and co, they serve the state until retirement age. Thus they are also entitled to a solid pension. They even have the opportunity to pursue a middle or higher civil service career within the german armed forces. Therefore, banks often refer to soldier loans as civil servant loans. For temporary soldiers, the career path is open. After military service, they can take up a new job on the open labor market, but they are also entitled to pension payments. How much they pay out depends on the number of years of service rendered.

Despite good earning potential, however, the pay is not always sufficient to make necessary purchases, to treat yourself to a vacation trip or to buy a new car. A soldier's loan opens up financial freedom. What soldiers use a loan for is up to them. The loans are available for both short- and long-term financing.

Residual debt insurance: financially compensate for risks

In peacetime, the risk of suffering damage to health while on duty is quite low. On the other hand, the situation is different in the case of war and foreign missions. If soldiers get into conflicts, no one can guarantee the integrity of life and limb. But that is in the nature of things and newcomers as well as old hands are aware of the dangers. So that relatives in the case of death do not remain on an open loan sit, there is residual debt insurance. They can be taken out in addition to the loan and on a voluntary basis. In the case of payment defaults through no fault of their own, such as incapacity for work or unemployment, they step in. In such cases, the quite expensive insurances settle outstanding residual debts. In particular, loans with long terms offer a high degree of financial security.

Soldier loans: the term is what counts

Soldier loans score with attractive special conditions. To apply it does not matter whether the soldier is a woman or a man. The difference is only in the type of military service. Just a reminder: regular soldiers are committed for several years, professional soldiers are employed for an indefinite period in the bundeswehr. Those who belong to the first occupational group benefit from top interest rates on loans with short terms. Time soldiers receive credits with simplified acceptance conditions, whereby no lengthy processing procedures are to be expected. Professional soldiers receive attractive conditions for short- and long-term loans.

When applying for a loan, regular soldiers in particular should ensure that their expected period of service is longer than the term of the loan. In general, the loan amount must be financially viable – by the way, this applies to all forms of loans. If the burden is too high, an ill-considered loan can quickly turn out to be a financial hardship. Sufficient creditworthiness always has a positive effect. These can be financed, among other things, with a 2. Borrowers increase, should the pay for the financing desire not be sufficient. Numerous banks are moreover accommodating, so that it comes sometimes with existing SCHUFA entries nevertheless to the credit conclusion. For regular and professional soldiers, it is advisable to inform the bank of current and upcoming foreign assignments in order to avoid legal disputes from the outset.

Soldier loans compare with kreditexperte

Soldier loans can be applied for conveniently online – 365 days a year, around the clock. The way to the bank and the associated appointments with the customer advisor are unnecessary. But not every financial service provider offers special soldier loans. If this is the case, however, the loans are sometimes difficult to identify on the provider's website, they are often hidden behind other designations. Better stick to a professional like kreditexperte. We sift through the jungle of rates with an expert eye and present the most attractive soldier loans to you.