Loan without trial period – is that possible?
If you want to get a loan, there is no more important determining factor for a bank whether you can get the loan or not than the credit rating. In German, this denotes the ability to repay loans, which simply means nothing more than the question of whether you have the money to pay off the installments due. For people, this largely depends on whether they have a fixed income, i.e. a fixed job. At some point during the application process, the question will arise whether it is a loan without a trial period or with.
A loan without a trial period: what exactly does that mean?
The loan without a trial period means that you are in an employment relationship either by never having to take a trial period or by having already left it. This is crucial for creditworthiness. In the trial period, there are shorter notice periods and, at the end of this period, you can be dismissed by your employer if he finds that you have not worked well enough. A secure income therefore only exists for the trial period, the length of which usually ranges from three to six months. A loan without a trial period is actually mandatory if you want to have a loan.
A loan without a trial period is not available: what now?
But what happens if there is no loan without a trial period? This can mean two things: Either you are currently in the trial period or you are not working or working independently. If you are in the trial period, it largely depends on which industry you work in, whether you can get a loan after all. Computer scientists, for example, always find a job. You should also be able to present a guarantor for such a loan with a trial period. Otherwise, the bank will suggest bridging the end of the trial period and at most helping with an emergency loan if you can’t get through by then.
It is more difficult if you are unemployed or work independently. In the first case one has no credit rating, in the second case no secured one. Unemployed people actually only have a chance of getting a loan if it means that they can leave unemployment behind. In this case, even the state acts as the lender. It is somewhat different for the self-employed. For them, the loan is also easier if it is a “good” and not a “bad” loan, ie if added value is created, for example by purchasing machines. As a rule, a self-employed person has to submit income tax assessments and the last business evaluation in order to get a loan without a trial period.