If you are in the trial period and need a loan, you can expect that the procedure will not be easy.
To get a loan without problems, you have to have an open-ended employment contract with sufficient income. Of course, a clean school should also cover the guidelines of the banks. If only a small loan amount is required, the loan seeker could ask his bank for a overdraft facility.
There is a chance that at least one monthly salary will be made available if payment behavior has been unremarkable in the past. What do banks actually mean by a trial period? In most cases, the employee who starts a new job must complete a trial period. During this time, the employment relationship can be terminated without notice without giving any reason. Anyone who starts an apprenticeship has a three-month trial period, while a trained employee has a one-month trial period. There may be deviations here if a special regulation is made between the employer and the employee.
The trial period also depends on the type of employment. If higher-value activities are carried out, a trial period can be as long as six months. In general, a trial period can be described as an unsafe field of activity. For this reason, banks refuse a loan despite Credit Bureau and probationary period, unless valuable security is presented. Even a guarantor or co-applicant increases the chances of a loan despite Credit Bureau and trial period.
The loan despite Credit Bureau and trial period
As you can see, the trial period is a handicap for a loan, but not only that, the bad Credit Bureau also contributes to the refusal of a loan. The protection association for general credit protection, Credit Bureau for short, has binding information for banks, ie this information shows the payment behavior of the customer in the past.
A bad Credit Bureau proves that there were abnormalities in this payment behavior. This does not need to be a particularly serious entry, such as a canceled loan, an unpaid mobile phone bill or department store bill, shakes Credit Bureau. So there are two reasons that a loan is difficult to obtain despite Credit Bureau and trial period.
Loan-free loans are offered by credit intermediaries. In this case, the money comes from abroad, primarily from Switzerland and Liechtenstein. The credit intermediary stands between the lender and the loan seeker and gives him a loan.
A foreign loan is also subject to certain conditions.
For example, credit protection is usually settled solely through income. In other words, the loan seeker must have a regular and sufficient income and an indefinite employment contract. However, a loan seeker who is in a probationary period can only state the income for the probationary period, which is after all, he ultimately does not know.
Foreign banks will not get a loan in such cases either, despite Credit Bureau and probationary period. If the loan seeker is able to provide other means of securing the loan, there may be a chance of a loan. This can be a property, a capital-building life insurance or other valuable collateral that can be pledged. But the best protection is a guarantor or a co-applicant. With the signatures of these people, the credit opportunities increase, especially if both are solvent, ie have a good income and no negative Credit Bureau.
The ideal case for a loan despite Credit Bureau and trial period is a co-applicant.
With his signature he could secure the contract or take the loan application in his name and send the loan amount to the loan seeker. If the borrower arrives in arrears, the co-applicant is held responsible. He practically has to continue paying the loan. The same applies to a guarantor who signs a guarantee. He is also liable for defaults on his own assets if the borrower can no longer pay. A guarantee in particular is not a small friendship service and should only be taken after careful consideration. As the surety is entered in the surety’s surety, the creditworthiness of the surety can deteriorate.
If he needs a loan, his credit rating can no longer be sufficient and he needs a guarantor himself. A guarantee should really only be given if the borrower and the guarantor trust each other. The guarantor and co-applicant must have a clean Credit Bureau and also be solvent. Another option is personal credit. There are portals on the Internet where private investors bid on a loan seeker from a loan seeker.
A loan seeker who does not receive a loan from normal banks despite Credit Bureau and probationary period can present himself well on the portals and formulate his loan request properly. Many investors consciously choose to grant a loan despite Credit Bureau and trial period. Although extensive information is required, the anonymity of the members remains guaranteed on the platform. It is always worth trying, especially when there is an urgent need for money.