Find out which is the best here. Those who wish to receive credit after training should remember that this will not necessarily be easy. After training, getting a loan is not easy as there is usually no collateral.
You would like to take out a loan after your apprenticeship?
Still, it is not easy for any entry-level person to find the right loan offer.
“Education years are not masters years”, but what about a loan after training? Here is the answer to your urgent credit questions after training. During the training, the possibilities of credit are very limited. In addition, the relatively low training pay hardly offers the opportunity to repay larger loan commitments. Many want to finally enforce their ideas after their education.
So the question is, what is understandable with a loan after the training?
When you change operations, you inevitably start your working life with a work experience. But even if the training company has consented to such takeovers, it is not easy to talk about a temporary employment contract. You can arrange a probationary period and also just complete a temporary employment contract with or without a probationary period.
The optimal timeframe for a loan search depends on the specific requirements of the employment relationship. Even without a probationary or fixed-term contract, all lending options to local and national financial institutions will be opened immediately. Under these conditions, the cheapest loan after training can be found via a loan comparison calculator. Many do not succeed in immediately entering into a permanent position without a probationary period.
Most employment contracts require an average probation period of at least six months. There are many good reasons why you should not borrow during probation even though you have completed your education. There is no guarantee that you will permanently maintain your job during the trial period.
Termination of the employment relationship is possible at any time without consideration of long deadlines. It is advisable to wait for probation before a loan is secured and more expensive through risk premiums. The loan after the training and the subsequent probation period is safe and cheaper. This can be done for example by a solvent guarantor.
In the case of guarantee loans, it is the creditworthiness of the guarantor who is responsible for the loan application.
However, at least during probation, there can only be a strong warning about massive lending. The risk is very high for the borrower and guarantor. Waiting for probation is not the only obstacle that can emerge after training in credit.
If a fixed-term employment contract is offered after the probationary period, the credit prospects are considerably reduced. Often, only specialized banks are able to take on the credit risk of a fixed-term loan. Unfortunately, these solutions are usually quite elaborate. In general, a loan from private individuals after a training with a fixed-term contract is more favorable.