Is civil servant credit cheaper than the others?

All you need to know about official credit, who is entitled to it and is it really cheaper? We compared the official credit, in particular the offer of CSF, to the best rates of the market… that the non civil servants do not worry! As for civil servants, do not hesitate to use our comparator, you will not be disappointed.

Official credit

Official credit

The official credit is a credit just like the others. That is to say, it will take the form of a personal loan, car loan, revolving credit or even mortgage. Often managed by mutuals, civil servant credit can be accessible not only to civil servants but also to their spouses, their children, private employees of companies in which the State has holdings (Renault, Orange, Air France, etc.). It is therefore accessible to the public service in the very broad sense.

The official credit may have advantageous conditions in certain cases but we will allow you to be sure of it.

Is government credit cheaper?

Is government credit cheaper?

We have noted the loan rates most requested by our Astro Finance customers and we have compared them with the main official credit organizations. The pricing policy of these organizations seems more attractive over fairly long repayment periods, that is, periods of 6 or 7 years.

As we detailed in our cheap credit article, we must be very careful about the duration of a credit because it is often the latter that explodes agios. At the same time, the longer you borrow, the lower your monthly payment.

Civil servant credit therefore seems to offer more attractive rates over long periods of time but with a total cost of credit which can turn out to be very high. It is therefore up to you to decide the right compromise between the cost of credit and your monthly budget. If you can repay monthly payments of around 150 USD per month for a credit of around 10,000 USD, you’d better go through a conventional credit organization. If you want a lower monthly payment, then look for an official credit. But check it anyway.

Official credit: check rates

Official credit: check rates

For this, you can use our credit comparator which will simplify the calculations and comparisons to be made and which will give you the best market rates currently available:

Thanks to our unique interactive questionnaire system, not only will you get the ranking of the best rates suited to your project, but you will also benefit from a non-binding evaluation of the cheapest organization. Allowing you to put more chances on your side to actually get the best rate.

Which organizations offer official credit?

Which organizations offer official credit?

The main organizations to offer official credit are:

  • CSF (Social Credit of Civil Servants) : independent and vigilant since 1955, the CSF is an association which offers financial services to civil servants and particularly civil servant credit through CRESERFI and the SEDEF brand. You will also find other type of official loan
  • BL Bank Lender. Created more than 25 years ago, BL is the ideal partner for civil servants wishing to obtain the best credit conditions. Bank Lender works in partnership with Society general to offer financial services and civil servant loans.

The different civil servant credits

The different civil servant credits

The civil servant personal loan

  • Amount from 3,000 USD to 20,000 USD
  • Duration between 12 months and 72 months
  • Fixed monthly payment and reimbursement plan fixed from the start
  • Official loan in the form of a loan without proof of use of funds

Self-employed credit

  • Official loan for all vehicles: you will have to justify the purchase of a vehicle
  • Amount from 3,000 USD to 60,000 USD
  • Duration between 12 months and 72 months
  • Fixed monthly payment and reimbursement plan fixed from the start

The revolving civil servant credit

Astro Finance recommends limiting as much as possible the use of revolving civil servant credit because its cost is often much more expensive than a traditional depreciable civil servant credit.

  • Amount of revolving credit up to 3,000 USD
  • Variable duration depending on the monthly payments you reimburse

The redemption of official credits

This product is intended to consolidate all the credits that you already hold, whether or not official credits, into one to reduce the monthly payment that you repay every month.

Who has access to official credit?

Who has access to official credit?

Not just civil servants !!! Of course it will depend on the credit organization in which you take out your official credit, but the beneficiaries are mainly:

  • Permanent civil servants, contract workers or trainees from all public offices (State, territorial, hospital)
  • Children or spouses of officials
  • Elected officials, whether European, national or local
  • Employees of public establishments

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