Credit during the trial period
Applying for a loan during the trial period – hardly possible, you should think. And this is exactly what young people think, who have big dreams and many wishes according to their age, but who want to take out a loan during the probationary period – that is not feasible, is it? During this time, the employer can learn to assess the employee precisely, and of course the other way around. However, the employee needs positive credit information and a regular income for a loan during the trial period.
Many banks are particularly cautious because they have to fear that they will suddenly no longer receive the repayment of the installments, since the customer can be released from their employment during the probationary period with a two-week notice period. If collateral, or even better, a surety can be proven, it can take over for the unemployed borrower. If there is no guarantor, the bank still has the option to increase the overdraft facility, which is usually granted in the amount of two monthly salaries.
High interest rates for overdrafts
The high interest rates on an overdraft facility naturally make this consideration difficult, since it is much higher than a conventional personal loan. Once the trial period has ended, applying for a private loan is no longer a problem, and one should therefore ask oneself, as there is no emergency, whether it does not make sense to think about fulfilling larger wishes only after the trial period has ended . The overdraft facility with a high interest rate factor is then simply replaced by a personal loan, which is generally on average the market level. So patience is required here in order not to easily fall into a debt trap.
The loan during the trial period should be chosen well
Also during the trial period, the top priority for every loan search is the careful selection of a suitable lender. At second glance, not every offer is still a good one, and only a little experience and prudent behavior protects you from falling into the hands of the so-called “loan sharks” when looking for a loan during the probationary period. Every loan application should be structured without traps and obstacles for the customer, and this is only guaranteed by tested, reputable companies in this branch.