Newcomers are employees after their studies or after completing their vocational training. They initially only earn a low income and in many cases initially only have a temporary job. Even if the employment contract is not limited in time, the first six months count as a trial period, making it difficult for newcomers to borrow. Especially in the first few months of work, additional expenses for furnishing a home or a representative car are often incurred.
Avoid borrowing as a young professional
It is well known that there is a job after studying or training, as is the often associated need to move to another city or to buy a car. Thanks to the promotional loans for graduates, it is much easier to take out a loan as a student or trainee shortly before the final exam than a loan for young professionals, since no proof of income is required for promotional loans.
At the same time, there is a sufficiently long period of time between the taking up of the promotional loan and the first installment to be paid without repayment and interest payment, so that the newcomer does not have to repay the corresponding loan with his first income from work.
When borrowing as a new entrant is inevitable
When young workers apply for a loan for young professionals, make sure that the bank they choose does not require an employment relationship that has been in place for one to two years. Corresponding information can usually be found in the published terms and conditions.
Providing a surety or joint borrowing with a co-applicant also makes it easier for young professionals to obtain the loan they need. The agreement of partial payments in mail order is relatively easy as a loan for the young professional, since most retailers do not want to see employment contracts or pay slips. As an alternative to bank credit for a young professional, borrowing via a platform for personal loan brokerage is an option.
The members registered there as lenders are happy to sign a request for a loan for a young professional, as they are also guided by social criteria when granting credit. Since young professionals are finding it difficult to get a loan from conventional commercial banks, private individuals are happy to give them credit for social reasons. The entrant increases his or her credit opportunities if he explains the reason for his request in detail.