Credit loan despite sickness benefit

The desire for a loan despite receiving sickness benefits is unfortunately not easy to fulfill. Sickness benefit is only part of the conditionally attachable income. The article will put together for you what credit opportunities there are, where the problems lurk.

Credit loan despite receiving sickness benefits – the difficult starting point

Credit loan despite receiving sickness benefits - the difficult starting point


Those who claim sick pay have more than just a small cold. Whether a permanent recovery can be expected and in what time frame is often left in the stars. In addition to the health restrictions, there is also a noticeable loss of income. If a rehabilitation measure is planned, the disposable income will decrease even further. In this situation, a financial crunch is predictable for many. It is therefore not advisable to go into debt in this situation. At the end of the illness, unemployment or the disability pension could wait.

Nevertheless, there can be very important reasons for looking for a loan despite receiving sickness benefits. If recovery is foreseeable, it could be worth the trip to the credit institution where the salary account is kept. The borrower does not stand in front of the clerk empty-handed. Contrary to what has been said in many articles on the subject, sickness benefit according to $ 850b ZPO is very attachable. It is on par with the pension and pensioners get credit.

The clerk will not be able to offer a long-term installment loan. However, with an otherwise good relationship with the bank, an overdraft facility is possible.

Installment loan despite sick pay

An installment loan is always designed for a longer repayment period. No credit institution likes to take the risk of granting an installment loan if the health situation is unclear. A loan can only be made possible with additional collateral despite receiving sickness benefits. In this case, the owners of a paid property have “easy play”. The paid house offers sufficient security to make a loan eligible.

Instead of a property, a long-term paid-up life insurance could also secure the loan. The insurance company can guarantee the loan at least up to the guaranteed surrender value. If there is no high-quality property security in the background, a solvent guarantor or co-applicant could grant the loan approval. In this case, the guarantor’s creditworthiness guarantees that the loan will be repaid.

If the loan request is simply about purchasing a new TV set for the hospital room, there are further credit opportunities. Mail order or department store loan application could be made. Loans that are used to promote sales are granted much more easily than ordinary installment loans.

Personal loan in difficult credit ratings

credit ratings


Since about 2008, private lenders have no longer limited their credit to family or friends. Various large platforms offer the opportunity to present the loan request to solvent donors.

Private investors, mostly small investors, are not bound by legal requirements and internal bank rules. You are free to decide who you trust and place a bid on. Much is possible from person to person that seems hopeless. A loan despite private sickness benefits could be a way out. The trial is at least free.

How to find the cheap bank loans.

Whether dentures, home furnishings, the next vacation or a car: the reasons for taking out a loan can be very diverse. But with all these different reasons, there is one component that is the same for all borrowers. Everyone is looking for a cheap loan that not only delivers the desired loan amount, but also fits perfectly into their lives.

Find cheap loans from banks

Find cheap loans from banks

Finding cheap bank loans is easy. They all vie for the borrowers quite conspicuously and with very good and fair interest and adapt to their wishes and conditions so much today that as a customer you have the free choice between many good and cheap loans. In order to be able to find really cheap loans from banks, you should ask yourself a few questions in advance that can make the selection and ultimately the decision easier.

The preliminary considerations

The preliminary considerations

So it is important to clarify in advance exactly how much the loan amount should and must be. If you want to buy or build something, then mostly not only money is needed for the purchase. There are sometimes follow-up costs, which must then also be taken into account in the loan. The loan amount should therefore not only include the pure purchase amount, but also possible follow-up costs.

Then you should consider the installments in which you want to repay the loan. Here it is worth drawing up an income and expenditure calculation in order to be able to determine exactly what financial resources could be available for this each month. The bank will also make this list when applying. When choosing the right loan partner, it is an advantage if you are clear about it beforehand so that you can also apply to the right bank.

Then there is the question of where you want to apply for the loan. At a bank with a branch or would you prefer the Internet? Here your own preferences should decide. If you are a little familiar with credit and therefore need little advice and help with the application process, you can opt for a loan on the Internet. However, if you value personal contact with a consultant, you should choose an institute on site.

Now you can go about finding cheap loans from banks. With the preliminary considerations, a credit comparison calculator can be filled, which uses this information to determine suitable offers. These can be compared and the best offer for the loan can be used. And so cheap loans from banks can be found quickly and easily.