Every employee has a regular income during the trial period. So why should something stand in the way of a loan? To the detriment of consumers, the trial period is usually not a guarantee of long-term employment for the bank.
Neither the applicant nor the bank knows whether a permanent job will take place. If the bank approved a loan despite the probationary period, the risk of capital loss would be extremely high. Anyone wishing to apply for a loan in this situation should be able to provide the bank with as much collateral as possible.
Comprehensive coverage of the loan
Various factors can have a positive impact on a loan despite a probationary period. For example, naming a guarantor who is committed to paying a due rate in the event of late payment can be a fundamental benefit. Of course, its creditworthiness will also be checked. Another option is the submission of documents proving the corresponding amount of fixed assets. The bank can access these assets if a payment is not made.
Alternatives to credit institutions
If a loan is the last resort despite the trial period, the potential borrower can take out a so-called merchandise loan. As a rule, these are small loan amounts that enable the purchase of a certain commodity. Security deposits and the amount of income are irrelevant, since the truth only becomes the property of the consumer once it has been paid in full. Banks offer a credit facility for this model, which, however, entails considerable interest expenses.
Lending is an exceptional case
The granting of a loan despite a trial period is and remains an exceptional case! Despite the high probability of a takeover, it is not a final commitment from the employer. The bank must assume the “worst”. Therefore, naming a guarantor is the best way to get the loan in the desired amount. This must be outside the trial period and be able to demonstrate regular income.
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