Best chances with guarantors
- Start your loan request now (there is no contract yet).
- After checking your request, the money is already in your account after 4 days.
- You just have to accept our offer. If not, then not. No hook, no cost.
It is difficult to borrow on a fixed-term contract, because if the duration of the loan exceeds the duration of the fixed-term contract, the bank can not automatically assume that the borrower will continue to pay the installments due at a later date. Also fixed-term employment contracts are often sparsely endowed, so that the credit rating already suffers fundamentally.
If one actually plans to take out loans on a fixed-term contract, it is important for a borrower to ensure that the loan does not exceed the duration of the employment contract. The loan must therefore be fully paid before the fixed-term contract with the employer expires. Otherwise, borrowing almost always results in a refusal, as a bank can assume and often also that the borrower either does not receive an extension or enters into unemployment under the fixed-term employment contract.
Loans on a fixed-term contract are therefore by no means impossible if one includes the above-mentioned factors. It should also be considered to divide the loan by taking part from the bank and part from the private sector. If, with the full loan amount and short term, the installments are too high to be sure, a small figure loan should be taken while the rest of the loan is subsequently taken up privately. Of course, this is only possible if not immediately the complete loan amount is needed.
Difficult situation for temporary workers
Due to the limitation of the employment contract, employees are always very uncertain about their own financial situation. It behaves a bit like a self-employed person, in which the bank can not automatically assume that there will still be a good corporate situation or sufficient orders next month. The splitting of the loan amount is also worthwhile because then only the part of the bank will earn interest.
If one takes as a private person a small cash injection from the closer environment, from the lender or the lenders usually no interest demands. Then only the loan amount itself must be settled again over an agreed period, which is quite possible even with poorer creditworthiness, especially since the conditions are usually less tightly invested among private individuals than at banks.
Those who have no potential lenders in the immediate vicinity may still be able to think about a guarantee. Here, the guarantor does not have to lend money directly to the borrower, however the guarantor has to admit for the incurred debts within the framework of the loan. Consequently, a guarantee is always associated with a high degree of trust.