You are in national education and you are looking for a teacher loan, a teacher loan or a teacher loan, we have analyzed for you the market offers and as an independent credit comparison N ° 1 on the internet, we have compared the best offers of the largest credit organizations to those of the official credit of associations.
Teacher credit, what should we think of civil servant credits?
As we had described in our article civil servant credit, the offers of associations of the type CSF Credit Social of the Officials (we will come back to this later) struggle to be competitive over “classic” durations. In reality, the proposals of a CSF-type organization, whether for a teacher credit or a teacher credit, fall into the rankings from fairly long durations and therefore from higher rates.
Teacher credit: example 5000 USD
For example, for a 5000 USD loan over 36 months:
Best market rate: 3.90% monthly payment: 147.25 USD cost of credit: 301.00 USD
CSF rate: 5.50% monthly payment: 150.68 USD cost of credit: 424.48 USD
Conclusion: if you take a teaching loan from an organization specializing in civil service credit under these conditions, you will be tricked. Especially since you will have an annual subscription fee to pay to join the association which will offer you the teacher credit or the teacher credit. The subscription is 24 USD per year in the case of CSF, plus 11 USD of registration… It is therefore necessary to add 83 USD of additional costs for the teaching credit… Or more than 200 additional USD for the teacher credit in the end.
Teacher credit: 2nd chance for the 5000 USD credit
If we now extend the terms of the 5000 USD 60 month credit:
CSF rate: 6.10% cost of credit: 791.20 USD + 131 USD contribution
Best market rate: 5.50% cost of credit: 712.00 USD
The best credit on the market is always better than the teacher or professor credit.
And it is only over 72 months that the difference is reversed:
CSF rate: 6.9% cost of credit: 1,084.72 USD + 155 USD
Best market rate: 10.50% cost of credit: 1,674.40 USD
At the same time, between the best teacher credit offer over 60 months and the CSF offer over 72 months, there must be a monthly difference of less than 10 USD per month… and a cost of credit of around 500 USD.!
Teacher credit: mortgage
We are absolutely not specialists in mortgage credit, but as we have just seen for conventional credit, our recommendation is to compare. And this is even more true for a teacher loan or a teacher loan with regard to real estate because the sums involved are much larger and the file more technical.
We can simply encourage you to compare the offer that you could obtain by a teaching credit of the official credit type with the best offers on the market. For this, we recommend the broker Immoprêt because it is the only one not to take fees from customers. So you have nothing to lose by going to consult it.
Teacher credit – teacher credit: what differences?
On the credit as such, there is no difference between a teacher credit or a teacher credit. However, when you complete a credit questionnaire or other forms of form, very often a difference is proposed. This corresponds to the CSP, to the socio-professional category. This classification allows credit organizations to try to verify whether in a particular job class, there is not more risk. And if so, they will be more wary of extending credit. But whether it is for a teacher credit or a teacher credit, not sure that a difference exists or if it is, it must be really minimal.
What is certain, on the other hand, is that the credit organizations very much appreciate requests for teaching credit because they know that the level of risk is lower. If they have a request for a teacher loan or a teacher loan they know very well for example that they will not have to face a risk of unemployment. However, this risk has come up more and more in the last 10 years in credit files for problems of arrears or even over-indebtedness.