Who borrows an officials is most likely either official, an employee in the public service or academics. Who borrows an officials is most likely either official, an employee in the public service or academics. The officials credit is namely for these occupational groups. Because he brings very favourable terms with itself, such as its long duration and the low interest rate, which requires credit institution in reverse but also more collateral from the borrower than other normal loans. So who can boast of a tenured job or a permanent position already existed for a long time, is entitled to a credit of the officials and can benefit from the favourable conditions. The officials credit is therefore not as the name initially suggests, aimed only at officials.
Who has requested a loan of officials, which gives two financial products in one fell swoop. To get the desired loan and on the other hand should be closed and at the same time a Capital life insurance off. This combination leads to the special kind of repayment of the credit of the officials. Unlike normal loans, namely not monthly pays the borrower a rate to the Bank, but contributes monthly to the life insurance company instead. For the borrowers, this has the advantage that he has even a financial security for himself and his family through the life insurance in addition to the credit of the officials. When finally, the duration of the officials credit has expired, the loan to the insured amount is paid off once. For this reason, no redemptions incurred during run time. Of course it presides usually free, but every now and then unscheduled repayments the borrower to take, so that he has more of the due sum of life left at the end. In the event of the death of the borrower, families thanks to the life insurance must have no worries concerning the instalment payments.