When a bank grants a loan, it pays particular attention to the profession of the applicant. It is an advantage if you are in permanent employment, because it can be assumed that you will continue to draw money regularly in the future.
Temporary employment is critical and in some cases is the reason why the loan application is rejected. However, this does not mean that some professions, such as soldiers, cannot be granted a loan. A loan for temporary soldiers is also available from some banks. You can find out more about credit for temporary soldiers below.
As a time soldier, what should you know about lending?
The decisive factor when looking for a loan for temporary soldiers is the choice of the credit institution. In principle, there are many banks that are willing to grant a loan to a temporary soldier or to people with a temporary job. It is also important how long the employment relationship lasts and how high the loan should be.
Direct banks in particular are prepared to grant a loan to temporary soldiers. A large number of banks primarily offer installment loans in this context. Nevertheless, it is striking that the interest rates can be very different. It is therefore worth comparing several offers with one another to determine which is the cheapest and optimal offer. It is advisable to use a loan calculator to save time and get a quick overview of the various offers.
What else should you look for when looking for a loan?
Not only the interest rate is important, but also which conditions are required with regard to the repayment. Soldiers from the Bundeswehr are usually very popular as customers with banks, but there are a few differences among temporary soldiers. In comparison, professional soldiers serve for an indefinite period, while temporary soldiers are limited in service. Professional soldiers are therefore given preferential treatment when applying for a loan because they are guaranteed a good income in the long term.
When a time soldier applies for a loan, the years of service ahead of him are particularly important. As a result, banks generally only grant temporary soldiers a term that lasts as long as their service. Anyone applying for a loan as a regular soldier at the start of a ten-year career will have no problems. For banks, it is particularly important that the term and the service period match so that the loan can be repaid within this period. Anyone who can demonstrate a corresponding credit rating will get the loan for temporary soldiers.