Credit after training

If you want to apply for a loan after your apprenticeship and cannot have a fixed employment contract with high income, you will usually find it rejected at the house bank or car bank. The search on the free financial market will be worthwhile.

Private donors, as well as domestic and foreign banks that do not use the Credit Bureau as the basis for their decision and thus the creditworthiness as a prerequisite for lending, enable a cheap loan after training and create a basis for all applicants. Anyone who still acts flexibly and gets an overview of interesting and cheap offers in comparison will recognize the advantages on the free financial market and rule out wrong decisions.

Apply for a loan online after training

Apply for a loan online after training

After the comparison, you can be directed directly to the donor’s website and fill out a form for application here. The customer’s data, as well as the possible collateral, are requested and must be entered truthfully in the lines provided. The question of the employment contract and the financial background does not arise, the borrower decided to offer a loan after training without an examination by Credit Bureau.

The free financial market is favorable in terms of interest rates, whereby the consumer can also benefit from the general conditions of the loans. The comparison shows which provider offers particularly flexible repayment options and does not charge the borrower any additional fees for a deferral, extension of the term or special repayment. These offers are to be preferred because no applicant can look into the future and provide information on their financial background during the term.

Avoid repayment problems

Avoid repayment problems

The free financial market also needs adequate protection from the borrower for the approved amount. So that the lender does not have to access the collateral and thus have to settle his outstanding debts, a flexible loan should be chosen after the training, thus creating the opportunity to adjust the repayment. The loan can be secured with real assets or insurance for old-age provision. A guarantee or a co-applicant is also accepted and can be liable for the seriousness of the borrower.

Permanent Loan for people without permanent job

A permanent employment contract is deemed to be permanent, so that borrowers with fixed-term contracts, self-employed and freelancers do not have any. Another group of people without permanent employment consists of people who live from successive short-term employment relationships. In addition, the unemployed and students belong to the people without permanent employment.

The income of people without permanent employment

The income of people without permanent employment

Even a loan without permanent employment is offset by income that can be used to repay the loan installments. This fluctuates among freelancers and the self-employed, while workers with fixed-term contracts earn a fixed income until their expiry. Employees who live on changing short-term working relationships generate an irregular income, the average of which is usually sufficient for a living.

Unemployed receive benefits from the employment agency, this also applies to short-term unemployment from day laborers. The concerns of financial institutions against a loan without permanent employment relate to the fact that they generate a different, mostly also low income, or may lose it in the foreseeable future in the case of temporary employment.

If the current lack of permanent employment results from a temporary contract, the easiest way to obtain the desired loan is if the bank refrains from submitting the employment contract, since the time limit cannot be recognized from the payroll. The self-employed and freelancers choose a financial institution when borrowing, which does not limit its loan offers to permanent applicants. In the case of changing income, borrowing without proof of salary makes sense, since in this case the borrower can state the average income.

The alternative to bank loans

The alternative to bank loans

As an alternative to a bank loan, the use of a platform for private loan brokerage is available for a loan without permanent employment. The private lenders registered there are often based on social criteria and the purposes to be specified in the loan application. Applying for installment payments in the mail order business is also possible at any time as a dedicated loan without permanent employment, since most retailers forego the demand for the income or employment of their customers.

In the case of fluctuating monthly income in particular, it is important that the applicant ensures that he can pay the installments on time for each loan taken out, even without permanent employment. The risk of a rate not being paid on time is reduced if the borrower chooses a long term and therefore a low monthly rate.

What is lending a loan without guarantor

A surety is liable for the repayment of a loan if the actual borrower can no longer service it. Financial institutions usually require a surety, so that they can use the guarantor without unsuccessful enforcement measures. Guarantors must not be confused with co-applicants who have the same contractual obligations as the main borrower.

Lending without a guarantor is the norm

Lending without a guarantor is the norm

Most loan contracts involve unsecured loans because the borrower has an income that is reasonably likely to make repayment or provides collateral. The requirement for a guarantee is based either on an uncertain income situation or on Credit Bureau entries, whereby a single soft negative feature does not lead to the refusal of a loan or the request to provide a guarantor with a good credit rating at all financial institutions.

In the case of negative Credit Bureau characteristics, a loan can be taken out without a guarantor by the applicant opting for a Credit Bureau-free loan from Switzerland. Credit applicants with fluctuating income opt for an instant loan without proof of income, stating the correctly calculated monthly average as household income.

After a one-time registration, you can always apply for a new loan without a guarantor via a platform for private lending, the intended purpose contributing to the lending decision by the members registered as lenders, whereas banks usually do not ask for such loans for consumer loans.

Financial institutions prefer the co-applicant to the guarantor

Financial institutions prefer the co-applicant to the guarantor

If there is a need for credit protection by another person, financial institutions prefer to grant the desired loan without a guarantor, but with another applicant. The reason is the extended liability of a co-applicant, which does not differ from the obligations of the main borrower. In the case of several debtors who are equally obliged to pay, the law allows the debtor to collect the debt either from a debtor.

The credit agreement usually provides for a principal debtor, from whose bank details the monthly installments are collected, but the financial institution can contact the co-borrower after a few direct debits. However, a joint and several guarantee can only be realized when the principal debtor’s insolvency becomes apparent.

In addition, in contrast to a joint application for a loan, there is a risk that a court will classify the obligation as immoral. Like the willingness to accept a guarantee, this increases with the degree of emotional bond between the borrower and the guarantor.