The probationary period is always tense for employees, because they do not know for months whether they will find themselves in a fixed position or in a new job search. However, if you are thrilled, you can try to apply for a loan from the bank during this time. Whether and when a loan will be granted despite a probationary period and where the alternatives to the bank should be sought, will be explained below.
How to apply to the bank for a loan despite the probationary period
A foresight and reassurance: Even if you are looking for a loan despite a probationary period, there is still no helmet obligation when entering a bank. Because these can negotiate with themselves, albeit under difficult conditions. For the probationary period is an ambiguous affair: on the one hand there is a regular income in sufficient amount, on the other hand nobody knows at that time exactly how long the claimant will receive this income.
Of course, there are factors that strengthen one’s own negotiating position. If one can count oneself among the highly qualified specialists, which are so urgently sought in this country, also the bank will hesitate with it to express a rejection directly. Even banks value a high degree of customer loyalty. Similarly, a rather low loan amount may favor the situation for the applicant and the loan despite the probationary period, especially if the loan can still be paid off within the probationary period.
But that is not always the case and the ideal conditions for a loan despite a probationary period are far from being given. Before applying, you should be clear about whether it makes sense to take the loan right now. If the project to be financed can wait a while, the loan application should also be postponed. This is not only safer, but also cheaper because of the better conditions.
But you can not always choose it in life, and for example, the car, which is urgently needed for professional reasons, somehow wants to be funded. In this case, it can be extremely useful to bring in third parties who can act as guarantors or even co-applicants. Both stand for the fact that the loan or the capital service is regularly served, even if the applicant can no longer guarantee this.
In contrast to the co-applicant, the guarantor is only legally liable if the borrower can no longer afford the debt service. The guarantor is then contractually obliged to assume it until the borrower is liquid again or the loan is fully repaid. This is the surest way to get a loan despite a probationary period and to be able to extract reasonable conditions.
If the bank says no: the personal loan
If there is no guarantor or co-applicant available and the bank turns to the credit application, alternatives must be found. Such is found, for example, in personal loans. Here, you do not borrow the money from an institution, but from private individuals who, as investors, help other people with loans. Of course, they do not do this unselfishly, but expect a safe return.
Smava is one of the best-known private loan providers and brokers. After a registration, in which various information regarding the creditworthiness are to make, one can quite simply be here to submit credit application. Investors value these offers based on the creditworthiness of the otherwise anonymous borrower and not infrequently also on the purpose.
Due to the comparatively favorable conditions for personal loans, it pays to have a look at the bank even before the first visit, in order to obtain a loan despite a probationary period, which can also offer fair conditions that meet the circumstances.