Those who start a new job or apprenticeship usually have a reason to be happy. It will be problematic if, within a few weeks of starting up, it is necessary to take out a loan. Since most of the probationary period still applies during this period, many banks have a problem with lending. However, an instant loan with probationary period is basically not an impossible task. There are certainly ways in which such a can be realized.
The loan at a bank
The reasons for a probationary instant loan can be manifold. Sometimes you have to move to the new job, in other cases you may need a new car. The fact that the banks are barely talking to each other at this time, may seem unfair to many workers. However, the concerns of the banks are not completely groundless. In Germany, employers have the right to let new employees work on probation for up to 6 months. Within this time, a notice period of 2 weeks applies.
So it can happen very quickly that the borrower is fired and subsequently unable to pay his installments on time. A good way to convince banks of a loan is additional collateral. Particularly solvent are solvent guarantors, which can be used by the bank in case of need. Other collateral to enable a probationary instant loan may be, for example, own securities or real estate. Anyone who can provide such collateral, in principle, has much better chances at a bank.
Another point that may influence the decision of credit institutions is the amount and duration of the bank. An instant loan with probationary period is the easiest to obtain if the sum is rather small and the term is possible short. This is basically not a bad thing for the borrower. Removals or a used car can be financed with relatively small loans. The financing of a new house, however, should be postponed until after the probationary period.
Even in the euphoria of a new job, it is wise to wait a bit with very expensive investments. Especially in connection with a guarantor, it is appropriate if only the maximum amount required is claimed. In this way, the risk and burden for the guarantor remain as low as possible.
Alternative credit & credit card
If the bank rejects a loan application, then in some cases the credit line is an alternative. However, this also applies only to smaller purchases. Thus, the Dispo generally seems the easiest way to get an instant loan with probationary period, however, many banks require very high interest rates. Therefore, it should only be used if the money is to be repaid within a short time.
Another possibility can be credit cards. Depending on the available conditions, 2000 to 3000 Euros are possible. A credit card is also not tied to the end of the probationary period. In the context of granting installment payments, it may well be an alternative if credit is not possible in the traditional way.
Opportunities outside the classic banks
If all the alternatives in a conventional bank have not produced a good result, then there are still portals on the Internet or credit intermediaries. These can help you to get credit, but often at the expense of higher interest rates. An instant loan during the probationary period should therefore be considered carefully. Maybe the purchase can still move a bit. If this is not possible, it is important to research the provider very closely and to compare the loan offers.
Dubious providers require high brokerage fees or the conclusion of expensive insurance. Such offers should be rejected in any case. However, there are many reports and experiences on the net, so anyone looking for a probationary instant loan can get an accurate picture of the different providers. This allows reputable companies to be determined very quickly.