The possibility of obtaining a loan for trainee teachers must basically be seen in two parts: Either it is more difficult or more expensive to obtain a loan under these conditions, as is usual with trainees, or the credit is literally “credited” to a trainee teacher by the bank.
Student loan as a more difficult option
Since trainee lawyers have not yet successfully completed their training for civil servants in the higher service and are therefore not yet civil servants until further notice, some banks regard them as trainees. The fact that only a very small number of trainee lawyers are not taken on as civil servants after their training does not matter for the relevant banks.
For the granting of loans, the basic candidate amount is used as a basic value and is in the federal average below the garnishment allowance. For the loan approval, this means that the borrower’s income is in a range that prevents bank access in the event of non-payment. Some banks lack the necessary security and creditworthiness that is mandatory for lending.
These banks may offer a loan for trainee lawyers via a disposition loan, which is the most expensive loan option, or a small loan with an extremely low credit line. Both offers are of course very unsatisfactory for a trainee.
Loan for trainee lawyers in the simple variant
Some of the credit institutions also offer loans to trainees during their training. This is due to the fact that the bank invests in civil servants for life or one wants to win the legal trainee as a permanent customer. Officials for life, e.g. B. Teachers have an average income that is above the national average. Hardly any other profession can provide such a secure and above average income as security for a bank loan in the long run.
It is therefore easy to understand that banks “stretch themselves to the ceiling” in order to permanently bind this group of customers to their bank – if need be, also through lending. For this reason, some credit institutions find it much easier with a loan for trainee lawyers than is the case with employees who work in a similarly or identically endowed position.
Loan for trainee lawyers almost at the level of loan for civil servants
The credit institutions that easily issue a loan for trainee lawyers are only slightly below the level that would also be offered to civil servants. In not a few cases, even large amounts of credit in the six-digit euro range are not for a specific purpose – e.g. B. the purchase of a property, which then forms the security for the bank – bound.
In these special cases, the interest rate for trainee lawyers is only slightly above the interest rate for civil servants, which is usually below the market interest rates. There is an impression that credit institutions are trying to outdo each other, so the aim is to retain the lucrative clientele of civil servants in the long term as trainee lawyers at the bank.
The goal must therefore be to find the bank with a loan for trainee lawyers who goes on “civil servants” with favorable conditions. Low interest rates of approx. 4.5%, long terms of up to 120 months and high sums of money in the six-figure range with no intended use should provide enough incentive to make comparisons and obtain offers.