Credit in training – Find the best offer
From time to time, almost every consumer comes in situations where money is urgently needed to solve a particular problem. Be it to finance a car, for a move, a new generation in the family or a vacation trip. The way out of this situation is in most cases a private loan from a financial institution. However, some groups of consumers, including trainees, find it difficult to get a loan from financial institutions because trainees are seen as a risk group.
Where can you get a loan in training?
It is difficult for apprentices to get a loan. On the one hand, their employment relationship is not as secure as that of an ordinary employee. With many trainees, for example, it is by no means certain whether and under what conditions they will be taken on at the end of the training. In addition, the remuneration during the training is usually lower than that of an ordinary employee.
As a result, only smaller loan amounts come into question. A special loan in training is usually not offered. Nevertheless, it is worth asking various banks. It is best to start with the house bank because the personal circumstances are best known there. However, other banks often offer a loan in training on request.
What should you pay attention to?
If you are planning to apply for a loan in training, you should definitely wait until the trial period has ended. The chances of success for the approval of the loan increase considerably if it is possible to find a guarantor who is ready to stand in for the borrower in the event of insolvency and to take over the installment payments. If it is not possible to find a guarantor, you can consider opening a checking account with a credit facility.
Although the conditions for this form of loan are on average worse than for an installment loan, you only need to pay interest on the part of the loan that was actually used. Detailed research on the Internet is definitely advisable, since you can save a lot of money by choosing a cheap provider.