Trainees begin to take their first steps in working life on their own. Not only do they become more independent, they also earn their first salary from their training. It is precisely then that desires that want to be fulfilled become great.
Many move into their first apartment and need pieces of furniture or finally want to get a driver’s license or buy a car. All of this always costs money, which trainees don’t always have. More and more young people are using a loan during their training.
Banks are happy to grant a loan to trainees
Banks have found that apprentices are solvent customers. You already have a checking account and know how to deal with the first money. The bank also knows that a lot of purchases have to be made during this time. More and more banks are granting a special loan during their training. However, different prerequisites must be met so that a loan can be applied for.
Applying for a loan
In the best case, the applicant should be of legal age so that a loan can be applied for. If this is not the case, one of the legal guardians or the guardian must also sign the loan agreement. This is required so that the loan is covered in any case and the bank does not have to take any risks. The applicant must also have no entries in the Credit Bureau. This always has a negative impact on the creditworthiness, which is very important when lending. The duration of the loan during the training always depends on the training time. The loan must therefore be paid back during this time.
Those who already have an employment contract in their pocket after completing their training have a big advantage. Not only that the term can then be made much longer, the loan amount also differs enormously. In this way, a higher sum can be taken up in any case. The bank creates a budget with the applicant, where all expenses and income are recorded. In the end there should always be a plus, because with this plus the credit rate can be repaid.