Who has changed his job as an employee, which is usually first in the so-called "probationary period". From the bank's point of view, the probationary period is a special stage that can have a different impact on borrowing options depending on the customer's situation. The following article deals with the topic "borrowing during the probationary period" and goes into all the important aspects, which one should know as a borrower. In addition, there are some tips and tricks that can help to achieve a loan approval despite an ongoing probationary period.<\/p>\n
Regardless of whether it is a change of employer or a new start in professional life, every employee usually starts with a so-called "probationary period" at a new employer. The probationary period can have a maximum duration of six months. The term "probationary period" is a legal term from labor law, whereby there may be a probationary period not only for indefinite, but also for fixed-term employment contracts. The probationary period serves the purpose of being able to "try out" the suitability of a new contractual partner.<\/p>\n
Employer and employee should check whether mutual expectations are met and whether there is harmony necessary for an intact employment relationship. During the probationary period, both parties have the opportunity to dissolve the current employment relationship under significantly relaxed conditions. According to § 622 para. 3 BGB, employers as well as employees only have to observe a notice period of two weeks in order to be able to terminate the employment relationship in a legally effective manner.<\/p>\n
From the bank's point of view, the probationary period is an extremely critical stage. Particularly with regard to lending, the probationary period does not allow for a long-term assessment to be made on a borrower's creditworthiness or ability to service the debt. This is due to the fact that an employee or. Borrower without notice and within just two weeks could lose his job and thus his monthly income. From the lender's point of view, this is usually not a satisfactory basis for granting credit and concluding credit agreements with a term of several years.<\/p>\n
Borrowers who have changed their employer and are therefore still in the probationary period have, for this reason, under normal circumstances, extremely difficult to obtain a loan approval. In the case of a probationary period, it is common for banks to check very carefully and in some cases also request information about the employer and the general situation in the industry.<\/p>\n
Taking out a loan during an ongoing probationary period is not easy, but it is by no means impossible. The fact is, however, that borrowers will have a much easier time if they wait for a probationary period of three months, for example, and then apply for their desired loan at the bank. Basically, however, it must be said that the topic of "probationary period" is in no way treated the same way across banks.<\/p>\n
From credit institution to credit institution exist with regard to the willingness to grant credit large differences, so that from "blanket rejection" to the relatively problem-free granting of credit, everything is possible. You should therefore not "bury your head in the sand" in the case of a time-critical credit requirement, just because, for example, your local bank first rejected a loan. It is worthwhile in any case to contact several banks with the desired request for credit, since from bank to bank different requirements must be met. During a trial period, the chances of a loan being granted naturally rise and fall with regard to the loan amount, the intended use and the term of the loan desired by the customer.<\/p>\n
If a loan is to be taken out during an ongoing probationary period, there are several aspects that can have a positive effect on the credit decision. First of all, there are many things that can be done right or wrong when choosing a bank. The borrower's house bank, especially if it is a regional branch bank, should first be the main contact person. This is simply due to the fact that there is already an active business relationship with this bank, which from the bank's point of view may allow positive experience values to be included in the credit decision.<\/p>\n
In addition, regional banks usually know local employers and may also know that it is common practice at employer X to take on newly hired employees after their probationary period (provided there is no individual misconduct on the part of the employee). Beyond that can be worked for the improvement of the chances on credit permission naturally also with additional collateral. If there is, for example, an absolute guarantor or a co-applicant who has a positive credit rating, this is a very good argument for a loan approval.<\/p>\n
Guarantees are particularly popular with direct and online banks and can tip the scales in favor of granting a loan. In the case of an on-site consultation, one should be open and honest from the outset regarding the desired loan and make no "secret" of the current probationary period. At the end it depends naturally also always on the Quantchen "luck" whether the respective bank advisor judges the individual customer situation as "creditworthy" or not. In the case of a larger credit requirement and a probationary period with a remaining term of three months, for example, it could of course also be agreed with the bank to take out part of the credit immediately and the other part only after the probationary period has ended. A mixture of negotiating skills and creativity is of course necessary for such agreements, but in principle banks can agree to such a customer request in any case.<\/p>\n
Conclusion: The probationary period, which can have a maximum duration of six months, basically serves the purpose that employer and employee can try out whether all requirements for a satisfactory employment relationship are fulfilled on both sides. Since the employment relationship can be terminated by either party within only two weeks during this period, banks are very critical if an employee requests a loan despite an ongoing probationary period. In principle, however, there are numerous possibilities, for example, guarantees or individual agreements with the consultant, which can increase the chance of a loan approval.<\/p>\n","protected":false},"excerpt":{"rendered":"
Who has changed his job as an employee, which is usually first in the so-called "probationary period". From the bank's point of view, the probationary period is a…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n