Loans despite a trial period – is there such a thing?
Many employment contracts include a trial period of 6 months or more. This is very often a problem for employers, as it is much easier to fire them. The probationary period also causes other problems, such as lending.
All local banks are very careful and only grant a loan if there is sufficient collateral. Borrowers who are still in the trial period pose a very high risk to the banks because they can lose their job at any time. As a result, applications are rejected and borrowers have to find another way to get a loan despite the trial period.
There are alternatives at a direct bank
Banks on the Internet differ in many ways from traditional banks and not only grant their loans on better terms, but also a lot easier. A loan despite a probationary period is not a major problem for most internet banks, since the lenders also forego classic collateral in the form of proof of wages.
The trial period is therefore of no further importance to the borrower and cannot lead to a rejection. If the direct bank can be convinced by other collateral, such as a guarantor or a very expensive item of value, the loan will definitely be granted despite the trial period.
Not only easier, but also cheaper
With a loan despite a trial period, the borrowers at direct banks come at very favorable terms. The current interest rates are between 3 and 5 percent and provide only a small burden. The loan can be drawn on up to USD 10,000 or more. The term can be set not only over one to two years, but up to 120 months. This makes the monthly charge extremely small and borrowers can finance very cheaply. The loan, despite the trial period, is therefore quite cheap and can also be used for any purchase.
Quickly applied for, quickly assigned
Despite the trial period, a loan can be applied for quickly and conveniently online using the online application. Processing will be completed in a few days and the money can be paid out. With a loan in spite of the trial period, even employees who are still in the trial period can cheaply finance a new car or a new facility. Borrowers are not necessarily dependent on the local banks and can save a lot of time and money on a loan despite a trial period from a direct bank.