In the probationary period, usually six months, the employment relationship is hardly security. Within this time, both parties can solve the employment relationship without difficulty and long deadlines again. A car loan during the probationary period is therefore not easy to grant. Who still relies on it, must provide additional collateral.
Car loan during the probationary period – the initial situation
The initial situation for the car loan during the probationary period is problematic. Safe labor income is the basis of credit security. Without a sufficient guarantee of repayment ability, the clerks may not approve a loan application. During the probationary period, job security is by no means guaranteed. The employer can cancel the contract at any time without any problems.
Without the help of other people, there are the best credit opportunities with the dealer. Although it is also a risk loan for the merchant banks, it is relatively uncomplicated for them to use the vehicle. Instead of the usual 20 percent down payment, however, should be expected with a higher deposit. Within the probationary period, credit becomes a risk for every lender. The manufacturers’ banks are no exception.
The car loan with guarantors – a safe way out
The poor public transport links often make it difficult to get to the employer on time. Especially in the probationary period, it would of course be a fatal error due to delays to attract attention. The car loan, during the probationary period, must be able to be granted full force. A safe way out of this emergency situation is the guarantee of a solvent guarantor. The guarantor changes the whole situation.
Not only safety in the form of the car letter, but the creditworthiness of the guarantor are now behind the loan. The car loan is possible under these conditions again at many providers. An interest rate comparison of the online providers opens up the whole range of savings opportunities for loans. If no solvent guarantor is willing to stick with his good name for the loan, then a way out remains.
Credit during the probationary period – Personal loan from person to person
More and more people have problems getting a bank loan. They are willing to pay slightly higher interest rates and have never been noticed by poor repayment behavior. Opposite are the savers. You have the problem of low interest rates. Money on the passbook loses purchasing power every day.
To unite both groups, two large platforms for personal loans have succeeded. The interest rates are significantly higher than the loss of purchasing power, but still moderate compared to risk loans from abroad. A win-win situation is created. The car loan during the probationary period, even without guarantors, is a bit more expensive as a personal loan. For the chances of the approval are quite good.