Are you trying to find an instant loan during the trial period? Credit opportunities are very limited during the trial period. The contribution deals with which loans can be used despite the trial period.
Instant loan with trial period – starting point
Finding an instant loan during the trial period is extremely difficult. This does not seem fair to many prospective creditors. At the beginning of a new employment relationship, the credit requirement can be particularly large. Not infrequently, it is the costs of starting a new job that lead to the loan request. An example of this would be the job-related move. Money is needed for the rent deposit, renovation and all moving costs. There is hardly any support from the consortium.
The desire for a ready-to-use vehicle is also understandable. With a new employer in particular, an unreliable means of transport could very quickly endanger the employment relationship. During the trial period, a single delay can cost the job. The loan requests may be understandable and sensible, but they are not easy to implement. Access to ordinary installment loans is always linked to the end of the trial period. Typically, a borrower must be of legal age and have a permanent, non-terminated employment relationship outside of the trial period in order to be creditworthy. There are hardly any exceptions to this rule.
The easiest and safest way to get an instant loan during the trial period is through outside help. The problem of the credit institution to grant a loan is due to the insecurity of the job during the trial period. The borrower could lose his job almost overnight. The ability to repay is lost. A solvent guarantor could close the credit gap. In this way, the creditworthiness is restored, at least with a clean Schufa. In addition, all chances open up to find a cheap loan.
Loan with guarantor – creditworthiness during the trial period
The elementary problems of life can usually be tackled with very little financial effort. Nobody who does not have a secure job is so unreasonable as to want to fulfill their dream of a new car or their own home. In such a situation, an instant loan is usually only sought at a very low loan amount. A functioning car costs between 2,000 USD and 3,000 USD, rent deposit and brokerage fees are roughly the same financing framework.
Once the trial period has been overcome, it is easy to safely repay the loan requirement. Nevertheless, the inevitable guarantor must not be exposed to any unnecessary risk. Even if the loan amount is small, it should be financed in the long term. In this way, the rate remains affordable if everything does not develop into the desired normal employment relationship with the new job. An instant loan during the trial period can easily be found together with a solvent guarantor or co-applicant using a credit comparison calculator.
In the case of small loans, it is currently (as of October 25, 2013) that the Cream Bank offers the lowest interest rate offer. A loan amount of 3,000 USD can be repaid safely and conveniently in 36 monthly installments of 81.91 USD. The bank only charges an effective annual interest rate of 2.78 percent for this loan. In total, there are only interest costs of 128.66 USD during the term. An investment that a safe job should be worth. A monthly installment of USD 81.91 can also be repaid from unemployment benefits if necessary. The guarantor is therefore not exposed to an unmanageable credit risk.
Alternatives – financing despite trial period without guarantor
Not only an instant loan during the trial period can cover a small loan requirement. After just a few months in the new company, it is possible to have the planning framework increased. In this way, financial scope of around one month’s income up to a maximum of two monthly salaries can be created. The overdraft facility is very expensive, currently an average annual interest rate of around 11.5 percent is calculated, but time can be saved. The trial period does not last forever, after which the overdraft facility is simply rescheduled to the installment loan.
In a similar way, the availability of a credit card can be used to save time. Most credit cards can also be applied for during the trial period. A limit of 1,000 to 3,000 USD is customary. The available amount could be exhausted and payment in installments requested at the same time. In this way, another temporary alternative to instant credit during the trial period can be developed.