Officials enjoy a special position in society, even if they are employed on a trial basis. This also has an impact on financial transactions, because civil servants also have discounts at banks.
A bank is more willing to lend to an official than to a non-public consumer. However, if the civil servant is still in the probationary period, it is also not easy for him to obtain a loan for probationary civil servants.
Favorable financing with official loans
The advantages of official loans are the lower interest rates and the better conditions. These benefits come from the high levels of security that come with being a civil servant. The job is crisis-proof and whoever is a civil servant for the time being usually remains so. For banks, this means that they can expect regular income, which makes it easier for the official to make a loan decision.
Officials on trial also benefit from this. However, it can happen that the banks are somewhat petty in terms of the loan amount. The bank decides whether a loan for civil servants for real estate financing is possible, depending on the situation.
The credit rating
Despite the special status that the officials enjoy, the Credit Bureau of each individual customer is checked before applying for a loan. If the creditworthiness is good, there should be no more obstacles with a loan for probation officers. If there are negative entries in the Credit Bureau, civil servants will not get any money from a German bank.
Alternatively, a Swiss loan can be applied for. However, there is a problem for probation officers, a Swiss loan is only possible with a fixed employment relationship. The banks in Switzerland do not lend money during the trial period. A permanent employment relationship is one of the basic requirements for a loan from the neighboring country. This applies not only to civil servants, but also to all other employees and workers.