Getting a loan approved after the financial crisis, which has now almost been overcome, is in many cases a difficult undertaking. The fact is that banks and credit institutions are primarily interested in the security of the borrower. In this context, certain prerequisites have to be met in order to meet the high requirements: On the one hand, potential borrowers must have reached the age of 18 and have a permanent job (with a company affiliation of at least six months). On the other hand, the applicant must also be able to demonstrate a good credit rating. Under these conditions, is it even possible to get a loan during the trial period?
If an important purchase is made, an existing loan is rescheduled, the overdraft facility is repaid or the next vacation is to be financed, good advice can sometimes be expensive. A loan can be a promising solution to solve the current financial bottleneck. Overall, however, the use of a loan should be carefully considered in advance. Because there is a risk of falling into the debt trap.
The number of providers on the market has increased massively in the recent past, and it can nevertheless be assumed that one or the other “black sheep” can be found among them. In particular, people interested in credit who belong to a certain “risk group” run the risk of accepting additional financial burdens, for example in the form of high interest rates, inflexible terms, etc. When it comes to this, an (online) comparison of the providers is always advisable.
The advantage of a provider comparison is obvious: in the course of this, a number of different – reputable – banks and credit institutions are listed, which present the cheapest loans according to the needs of the user. The loan comparison on the Internet is free of charge and non-binding. In addition, there is still the option to submit a loan application directly online via the corresponding portal.
If in doubt, the documents obtained can be cross-checked by an experienced, trusted specialist on site. But what to do if the application for a loan was not approved by the provider in question during the trial period? Flexible alternatives are required.
Involving a second borrower can dramatically improve the chances of getting a loan during the trial period. But even with this person, the aforementioned requirements with regard to age, income situation and so on must be met. In this case, the support of a guarantor could also be of interest. The latter is liable for the repayment of the loan installments if the actual borrower is no longer able to repay the installments for the loan to the bank. However, it must be taken into account that this can still be held liable if – for whatever reason – it also comes into a financial bottleneck.
Another measure to obtain debt even during the trial period is to draw on a loan without credit bureau or a so-called Swiss loan. However, both are comparatively expensive with interest rates of up to 12 percent as opposed to 4.5 to 7.5 percent for “classic” loans. Accordingly, it is advisable to put the offer through its paces explicitly in this regard too.