Credit crisis or not
The Civil Service Loan has continued to gain in popularity since its introduction in 2007. The Civil Servants Loan is a special loan for (semi-) civil servants in which banks lend money at a more favorable rate due to the better payment morality of civil servants.
“The Civil Service Loan is a real success that even exceeded our expectations, officials seem to want to take advantage of the lowest possible interest on a revolving credit,” said Richard Juego of Good Finance, who introduced the Civil Service Loan in the Netherlands last year.
Many other credit providers try to take advantage of the success and advertise on the internet around the keyword “Civil servants loan”, Good Finance does not seem to worry about this yet: “We see this as a compliment and a bit of recognition for the Civil servants loan. As far as we know, there are no other companies that have a Civil Service Loan. It is also not a general loan form such as a revolving credit or personal loan. We have come up with a civil servant loan and it is a trade name of ours. ”
Request through spokesperson
The Across Lender site also states, on request, through their spokesperson, that it has noticed a significant increase in the number of visitors, as well as an increasing interest in the Civil Service Loan. “Credit crisis or not, people continue to search for the most interesting loan for them. Officials are clearly looking for a loan specifically for civil servants in hopes of more favorable terms, ”said the spokesman.
The success of the Civil Service Loan seems to stem from the fact that banks prefer to lend money to an official or semi-official because of their good payment behavior. As a result, the Dutch civil servant benefits from more favorable conditions, such as lower interest rates.
Just like other consumers in the Netherlands, a percentage of civil servants also lend money and this target group seems to be attracted by this specially developed financial product. The creators of the Civil Service Loan even state that banks charge the lowest possible rate to civil servants, there would hardly be any arrears.