There are ideas and measures that you have to assume that will serve a need of no small number of people. Something similar must have happened in the minds of those elected representatives of the people, as people dealing with the idea of caring for a loved one and taking a break from work have to compensate for the resulting financial loss. For example, in the 2015 draft budget of the Federal Ministry for Family Affairs, a post was created that would allow the relevant group of people to access an interest-free loan. After all, with this idea, which has now been put into practice, since the beginning of the year 1.3 million euros of credit volume have been available. Interest-free credit from the federal government? Class – one would think that this has led to a big run on this loan offer. After all, could thus at least halfway catch the financial losses during nursing. But what happened since the beginning of the year? You guessed it: virtually nothing!
Those who care for relatives can apply for interest-free credit
Since the beginning of the year, people who look after a relative and use their legal entitlement to the 6-month long-term care allowance can apply for an interest-free loan to compensate them for financial losses at the federal level. Thus, as already mentioned, the financial losses resulting from the suspension of professional activity should be compensated. Of course, the loan granted must be repaid at the end of the 6-month period of care in appropriate installments.
However, if this is not possible, for whatever reason, it may make use of a so-called hardship rule. Thus, upon request to the appropriate authority repayment of the loan may be deferred to avoid a particular hardship for the caregiver. In addition, there is the possibility of a partial loan cancellation or an extinction of the loan debt. So basically a very attractive offer for people who use the nursing time. Or?
Covenants for a nursing period are not retrieved
However, the offer of an interest-free loan does not seem to be as attractive as it may seem at first glance. To illustrate this in figures: Of the 1.3 million euros available since the beginning of the year, only 146,543 euros have been called up since the beginning of the year. Another 134,880 euros have been approved and are available for payment. The question arises, why such an interest-free loan offer obviously does not appeal? Among politicians is already judged that this offer once again is one of the classic “pipe punch” from the Federal Ministry of Family Affairs. But is it really that easy? Maybe it’s just because many people are simply unaware of the offer of an interest-free loan for nursing care? At least, ministry staff seem to be thinking in the same direction, announcing that they want to make this offer more public. More information about the topic can be found here.