Taking credit in training – requirement to get a loan
Taking out a loan during training can be very easy or can become a hurdle. The choice of the training path already leads to serious differences in creditworthiness.
Taking out a loan during training – training support
Many students have to take out a loan during their training in order to achieve their final degree. The completion of an already advanced training primarily brings the student loan on the scene. The access requirements have improved since April 2013. Students up to the age of 44 are now eligible. Secondary courses and supplementary or postgraduate studies are also eligible. For the first time, the doctorate can also be funded through a Best bank loan. The maximum loan amount of 54,600 USD was unfortunately not corrected upwards.
Another alternative that even promotes an internship abroad is the education loan. The maximum loan amount for this training loan is 7,200 USD. The money is conveniently applied for on the Internet. The personal creditworthiness of the applicant is irrelevant for all public funding opportunities.
Various commercial loan providers also offer a loan, also intended for training purposes. In addition to the earmarking for these offers, a good credit rating is also required.
Fulfill requests for consumption during training
Wanting to take out a loan in training does not always have to do with achieving a specific training goal. Of course, trainees do not want to be disconnected from consumption. The credit for the driver’s license, the new smartphone or for a game console is required. Some consumer requests can be realized via the overdraft facility without any guarantor.
Practically everyone who receives an apprenticeship salary gets a small disposition frame on the checking account relatively quickly. Also without guarantors, the offers of the “electronics giants” can often be obtained as a short-term installment loan.
When it comes to financing the driver’s license, it is very important which training is completed. A civil servant on revocation, especially for higher careers, probably doesn’t need a guarantor to get a small loan. The situation is different for, for example, a locksmith trainee. In this case, the training salary is not sufficient to make an installment loan eligible without a guarantor.
Alternative financing options for trainees
Not every trainee who has an important loan request can ask his parents for a guarantee. Nevertheless, the dream of a chic used car in the parking lot for apprentices does not necessarily have to burst. Private lending offers the alternative to a commercial loan provider.
Credit from private donors has long outgrown the “shadow economy” stage. Various portals offer contact with private investors and the processing of the loan. The two market leaders have particularly good credit opportunities. A lot of investors use these portals.
The loan application is very similar to an online auction. The credit request is described in detail. In addition, security can be offered, for example the vehicle letter of the vehicle. Around 80 percent of all credit requests for which a vehicle provides credit security are approved by the private sector. Those who do not overdraw their financing wish have a fair chance of being able to take out a private loan during their training.