All posts by Gary Chavez

Cheap Civil Service Loans

Numerous financial institutions such as banks, savings banks or insurance companies give civil servants cheap loans with a predominantly long repayment term. The term civil service loan is not protected and does not only apply to civil servants as potential borrowers. As a rule, civil servants are also considered potential customers.

Safe work saves money


Civil servants and public employees usually have a secure job. Their regular income is relatively secure over many years. A default risk exists only to a small degree in this group of borrowers. Therefore, financial institutions are willing to grant loans for a relatively long duration and at a low interest rate.

Public servants – from the judiciary, the post office, police and professional soldiers, licensed teachers or civil servants – generally benefit from favorable civil servant loans. Pensioners and officials in the probationary period, as well as academics who have been in permanent employment for five years, are also eligible for favorable civil servant loans. The exact circle of possible borrowers depends on the institute.

Only at the end will be paid

As a rule, favorable public sector loans are granted as maturity loans (term loans). The debt is only settled at the end of the repayment term for this form of loan. During the term, the borrower pays only the agreed interest, which may be fixed depending on the agreement flexible or throughout the term. The loan is repaid at the end of the term by dissolving endowment policies, mutual funds or annuities specifically concluded for the loan. The conclusion of this insurance is part of the loan agreement. If surpluses occur when these insurance policies are dissolved, they will be paid out to the borrower at the end. In this sense, a favorable civil service loan is a guaranteed insurance.

Individual conditions

The amount of favorable official loans averages up to 20 monthly salaries. It varies from institute to institute and is definitely negotiable. Most of these loans are granted over a term of up to 20 years, with a particularly good credit rating also beyond. Since cheap official loans are offered at low interest rates, a rescheduling of existing loans offers. Occasionally, this replacement of existing loans is also part of the contract. Currently, interest rates on cheap public sector loans start at around five percent.

Pythagoras Loans and Payday Loans, Offers for Personal Loans and Assignment of the Fifth

If you need a loan or a loan with Pitagora you can have the amount you need, up to 75 thousand euros, to renovate the house, buy a new car, furniture for the house and much more at advantageous and convenient conditions. In this article you will find the characteristics of the various products, including loans and assignment of the fifth, to choose the one that best suits your needs.

Pitagora financing offers

Pitagora financing offers

Pitagora offers its customers French amortization plans, repayment plans characterized by constant installments with decreasing interest amounts and increasing principal, one of the most common repayment plans offered by credit institutions. Pitagora offers tailor-made financing offers, an aspect much appreciated by consumers that allows them to access excellent financing conditions. For example, a 35-year-old public employee with 10 years of service, who requires a loan of 17,600 euros, has the possibility to request an amortization plan in 84 installments for an amount of 250 euros per month, fixed tan 5, 05% and taeg 5.27%.

Employee loans

Employee loans

The sale of the Fifth is a special form of loan reserved for employees of public, private and parastatal companies and pensioners who can apply for a single-sign loan and without having to indicate the purpose to the Pitagora credit institution, a huge advantage for those who need of liquidity for different personal needs. Specifically, the sale of the Fifth is a loan that can be requested for a maximum amount of 75 thousand euros and with a repayment procedure not exceeding 120 installments. The main features of the sale of the Fifth concern the amount of the installment that can not exceed 20% of the applicant’s salary or pension and the repayment method as the amount of the installment is directly debited in the payroll.

With regard to the rate and amount of the installment, the formula for the sale of the Fifth allows applicants to be able to count on a constant installment for the entire duration envisaged, a huge advantage for not meeting increases. Moreover, the sale of the Fifth is a credit formula that can be extinguished at any time, without any compensation, or it can be renewed with simple steps.

Loan with Delegation

In addition to the Cession of the Fifth Pythagoras is a credit institution specialized also in the provision of loans with Delegation, special loans that may be requested by both public sector employees and employees of private companies. Also the loan with Delegate is configured as a loan with direct debit on the payroll and with an installment of an amount not exceeding 1/5 of the salary.

Like the Cession of the Fifth, the loan with Delegation is a particular form of financing reserved for public and private employees. Also in this case the maximum monthly payment can not exceed 20% of the net salary and is debited directly in the paycheck. Furthermore, in the case of a loan of the proxy with the assignment of the Fifth, cumulative loans that can be requested upon verification of the applicant’s income capacity, the total amount of the two installments must not exceed 40% of the salary.

Assignment of the Fifth and loan with Delegation Pythagoras: here are the required requisites

Both the sale of the Fifth and the loan with Delegation are financing formulas that can be requested by public and private employees with a regular open-ended employment contract, residing in Italy, and aged between 18 and 57 years.

To be able to request the transfer of the Fifth or a loan with Delegation, you must present to the credit institution a complete documentation of valid identification document, tax code, last pay slip or last pension slip, for the transfer of the Fifth for pensioners, and last tax return. Pitagora offers a quick processing of the practice and the payment of the amount requested by bank transfer or check within a few days of the request, offering a quality service and low and convenient rates.

So you get a payday loan from the Employment Agency

loan comparison

At the moment, interest rates on loans are very low. On the one hand, that means that loans are cheaper, but also means that banks make less money with credit.

So it may be that lending altogether gets a bit of a hitch. For many individuals, it is already difficult enough to get a loan anyway. Those who have a negative Private credit entry and / or are unemployed usually have bad cards to get a positive credit decision.

Credit also despite unemployment

  • Start your free loan request now (there is no contract yet)
  • Fast payout within just 12-24 hours after credit application check
  • Guaranteed without risk: no hook, no cost.
  • Use a second co-applicant, the loan payout ratio increases by about 72%!

To whom does the employment agency lend money?

kredit vom arbeitsamt

The good news in advance: The loans of the employment agency are interest-free. You only have to repay the borrowed amount. But there is also a catch: Of course, not everyone gets these free loans.

Prerequisite: You must receive unemployment benefit I in order to belong to the elite group of persons. If you are unemployed for more than one year, you automatically fall into unemployment benefit 2, colloquially called Hartz 4. As a Hartz 4 beneficiary, you can also apply for a loan; but not with the employment agency, but with the ARGE. However, your contact person in both cases is your respective case officer.

What is the loan amount?

Due to the strict earmarking of these loans, the loan amount is usually not very high. If a new household appliance needs to be procured or a repair is due, these loans range in perhaps a range of 250 – 400 euros. With a driver’s license or a car, they can also be significantly higher. However, higher lending from the employment agency is more of a rarity, the loan amounts manageable.

If you need more money because you want to get out of unemployment with the step into self-employment, you should seek a start-up loan from intrasavings bank.

Under what circumstances does this loan exist?

As a matter of principle, the awarding of these loans is a discretionary matter – the case officer decides. According to experience, the employment agency is reluctant to grant loans. And one more thing to keep in mind: These loans are strictly earmarked. If you live in the countryside and need a car to take a new job, the agency can lend you the money. However, the salary of the new job must be sufficient to finance your future livelihood. If a young unemployed person needs a driver’s license for a new job, the Employment Agency can also provide a loan for it.

If an unforeseen repair on one of your household appliances breaks your budget, you have rental or energy debts, and if you get into financial trouble due to an accident or property damage, the Employment Agency may help you with a microcredit. Because of ยงยง23 and 42a of SGB II, it is obliged to help you in the greatest need. However, the plight must also be credible. Therefore, the decision is also made by the responsible skilled worker, who knows the respective situation best and knows how to estimate. The credit is therefore not given without hesitation. He is always there only to solve emergency situations purposefully and efficiently.

What about eradication and Private credit?

The repayment installment for all loans from the German Employment Agency amounts to ten percent per annum. However, it can be complicated because getting the ALG 1 can never take more than a year anyway. If you have to change to the ARGE after one year of unemployment, the loan will be taken over. However, in the meantime, if you have accepted a new job that will reliably secure your livelihood, repay the loan immediately. Because they are usually small amounts, this is not a problem under normal circumstances.

Conclusion: Overall, it should be noted that in these “emergency loans” the conditions are kept very fair. A negative Private credit entry plays no role in the award. You may also be one of those people who are embarrassed to apply for a loan, along with auditioning for clerk or clerk.