So that you can take out a loan for a car during the training. Educational loans or short-term and micro-loans open up further perspectives. Car loan during training does not have to be a dream. Even during training, financing a car can be successful. As an apprentice, the financing of a car is inevitably more difficult to handle, because the income is not very high on the one hand and on the other hand limited by a training contract for a certain period.
Temporary employment contract – credit possible?
But other aspects also determine whether the credit is granted. Temporary contracts – credit possible? The employment relationship is not always open after training. Numerous banks issue an order for one year and then decide again. As long as the employment contract still exists.
The repayment must therefore take place within this time. This is not easy for many people and only a few thousand Euros are granted as credit. If the candidate has drawn the big deal to get an open work contract, the prospects are much greater. For this loan, the selection is much larger.
The customer is free to choose where to take his credit. For a contract of indefinite duration, a period of several years is possible. The lenders need not fear that the borrower will soon give up his job. Therefore, the loan amount will be very generous. You do not need to look for a lender. The car dealer will contact the bank.
This means that the loan can also be completed at a house bank.
There is little difference to a car bank, except that the borrower first selects the direct bank. The offer is bigger because countless providers provide such a loan on the intranet. For loan seekers, the large number of providers is of great benefit.
Because everyone can earn something with the loan, everyone wants to have the customer for themselves. Low interest rates and flexible repayments are very interesting for borrowers. This comparison is carried out daily by credit-seeking consumers. But there are just as many possibilities for comparison. If the maturities change, the monthly installment of the loan also changes.
In this way, it can be recognized in advance what the borrower is doing. But the more important is how much residual money is in the previous month. If you have a temporary employment contract or a temporary job with the company, you should seek a guarantor. Guarantors are not so confident too soon to raise a large loan amount.
At the same time, the guarantor signs the loan agreement. In this way, he assures the house bank that he will pay the credit with his credit. The guarantee certificate will be terminated with the last payment made.