Loans for temporary soldiers
Temporary soldiers in Germany are members, who have undertaken military service for a period of at least two years to a maximum of 20 years. German legislation deviates from international practice by classifying voluntary military service as a separate category. Temporary soldiers receive a salary.
Official loans for temporary soldiers
So-called civil servant loans are particularly cheap loans for temporary soldiers. The legal position of temporary soldiers, like that of judges, differs in details from ordinary civil servants, but they have an equally secure income. Except in the event of gross misconduct by the army, temporary soldiers cannot be released by the Bundeswehr, and at the same time they are not entitled to the approval of an application for release that they have made. If time soldiers are wounded on duty or become unable to work due to illness, they are entitled to high payments by the Bundeswehr and its pension funds compared to industrial workers. In view of the safe income situation of temporary soldiers, comparable to civil servants, banks that grant low-priced civil servant loans equate temporary soldiers with civil servants and grant correspondingly cheap loans.
A peculiarity of loans for temporary soldiers, however, is the finiteness of the current employment relationship. Temporary soldiers can in principle submit an application to be taken on as a professional soldier, but the employer does not have to comply with this application if there are no posts or the soldier is unsuitable. In addition, many soldiers do not make the relevant application, but leave the Bundeswehr after the originally agreed service period. As a consequence, most lenders limit their soldiers’ temporary loans by requiring repayment before the end of the currently agreed service period. If temporary soldiers only take out a loan in the last few months of their service, they can use the anticipated discharge payment from the Bundeswehr as security for the loan.
Loans and secretaries, as well as international assignments
Temporary soldiers are almost always secrets and must keep their economic affairs in order so that they cannot be tempted to reveal military secrets for lack of money. A credit that can be serviced from the current pay does not provide any reason to question the suitability of the time soldier as a secret agent. However, if a time soldier unexpectedly gets into trouble repaying a loan, he must actually reveal himself to his superior.
Of course, the usual data protection regulations also apply to temporary soldiers, so that the lender may not inform the Bundeswehr about any payment difficulties. A second peculiarity is the possible deployment of temporary soldiers abroad, which is significantly more dangerous than domestic service. Even if the Bundeswehr makes relatively high payments in the event of an injury or even death, some lenders require temporary soldiers to take out credit loss insurance