Credit during the trial period – advantages and disadvantages

Credit during the trial period – advantages and disadvantages

A trial period is always associated with advantages and disadvantages. On the one hand, the employee can quickly change his job if he realizes that the job does not suit him. On the other hand, the employer is always right if the employee is no longer employed. So the risk of losing your job is particularly high.

No reasons need to be given during the trial period as to why the employment relationship will not continue, making this point a major disadvantage. It is precisely for this reason that people who work during the probationary period have a lot of difficulties in getting a loan during the probationary period.

Initial situation for a loan during the trial period

Initial situation for a loan during the trial period

There is a fixed income for a certain period of time, but nobody knows how long the applicant is really employed. Since he can immediately lose his job and thus his income, he is not welcome at banks when it comes to a loan during the trial period. Anyone who works during the probationary period and already has a contract in their pocket that proves that the employment relationship will continue will be treated like a normal borrower and will receive a loan without much “ifs and buts”.

Credit opportunities even during the trial period

Credit opportunities even during the trial period

Who does not know that? Invoices arrive that were not planned, the car has to go to the workshop or an important purchase cannot wait any longer. Something like this also happens to people who work during the trial period. So that this group of people can also take advantage of credit opportunities, they should not only offer their income, but also the income of a guarantor as security. It happens again and again that a guarantee is requested for a loan.

So should those who apply for a loan during the trial period. So there is enough collateral to get a loan. However, this should not be too high, because a loan must also be repaid. The amount should be manageable, so that only small repayment rates arise.