If you are still in the probationary period, it is often more difficult to obtain a required loan. Since the employment relationship can be terminated at any time during the probationary period without giving reasons, the banks experience a significantly higher risk of default. However, there are ways to get a probationary loan.
Opportunities for a loan with probationary period
The banks for before the award of a loan usually always a check of the credit rating. How intense this turns out depends on the required amount. In any case, the existing income must be evidenced by the submission of the latest salary statements.
In addition, the credit institutions carry out a review of the Credit bureau data of a possible borrower. On the other hand, the submission of an employment contract for smaller loan amounts is often omitted.
In addition, it may make sense to choose a rather short maturity, as the requirements for the borrower are then often lower.
Anyone who in any case needs a higher loan with a corresponding maturity has the option of depositing further collateral. These can be real assets or even capital-forming life insurance. In addition, a second borrower or a guarantor can also be included in the credit agreement. It is always important that they have a sufficient income and a permanent employment contract.
Bringing probationary periods with discretionary credit
If a loan with a probationary period is rejected by the bank, then the time can possibly be bridged with a disposition credit. This is offered by most banks in connection with a checking account. To obtain a repayment credit, a positive Credit bureau information is usually sufficient.
The submission of an employment contract is usually not required. The amount of possible disposable depends on the monthly income. Depending on the bank, between two and three salaries must also be paid into the checking account before a discretionary loan can be used.
It should be noted in any case that the interest rates are significantly higher when using the Dispos as an installment loan. Depending on the bank, these can be up to 13.00 percent. For this reason, the repayment credit is only recommended for the short-term bridging of a financial shortage.
As soon as the probationary period is over and a permanent employment contract exists, the disposition credit should be replaced by a more favorable installment loan.