Take out a large loan amount for professional soldiers

Professional soldiers have a secure job, which they only lose if they quit. Depending on their level and length of service, these people have a special status with banks. Therefore, there are numerous credit institutions that grant a loan to professional soldiers. Many banks place them on a par with an official, so most loans are official loans. This special loan has special conditions that only selected people receive.

Terms and conditions for the loan

Terms and conditions for the loan

With a loan for professional soldiers, applicants hardly have to meet any requirements. With their secure job, they already fulfill the most important requirement, the secure salary. This is granted by the instead of and can not apply for bankruptcy, like a company.

If the soldier then carries out missions abroad, he receives extra payments for it. This increases the very good salary even further. Based on these facts, the bank grants a long-term loan, the term of which can be up to 20 years.

The loan amount can be chosen and is a maximum of 100,000 USD. Young soldiers in particular can have a house financed or make other expensive purchases. However, the condition is that the professional soldier takes out capital life insurance. This should not only secure the loan, but also the family.

Many soldiers die during foreign missions and it is not uncommon for the loan to not be repaid. This will not happen with the life insurance, because with the insurance premiums the loan will be repaid. If the soldier should die, the family is covered and does not have to repay the loan.

Where can I apply for the loan?

Where can I apply for the loan?

The loan for professional soldiers can not only be applied for from German banks or direct banks on the Internet. Switzerland can also take out this loan. These are Swiss loans that are not entered in the Credit Bureau.

This means that additional loans can be taken out in Germany without the first loan being significant. The application for this must be made by a credit intermediary. After the contract has been concluded, the latter charges a fee, which is determined in advance.

Credit comparison for credit for professional soldiers

Credit comparison for credit for professional soldiers

Since there are a lot of offers, the soldier should do a credit comparison. So he can find the offer that is tailored to his personal situation. In addition, the interest on the offers can vary widely. If you want to take out a large loan amount, you can save several hundred USD with a loan comparison.

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