Big and small wishes can often only be fulfilled with a loan. This is not a problem in itself, provided the loan seeker meets the criteria for a loan. An important requirement is a regular income. Unfortunately, many employees only have a temporary employment contract. As a rule, a loan with a fixed-term contract is not possible. However, there are also deviations from this rule. Further editorial at http://special-seo.net/refinancing-a-car-loan/

Large amounts of credit are not possible

Large amounts of credit are not possible

A loan with a fixed-term contract is only possible if the loan amount is small. The term of the loan must not exceed the temporary employment relationship. In most cases, this means that only a small loan is possible. However, there are professional groups that earn very well and can therefore afford a high monthly loan. In these special cases, a higher loan amount is also possible.

A loan with a fixed-term contract is possible, however, if the spouse can also sign the loan contract. This requires your own income and a good credit rating. In this case, both incomes are added, which significantly improves the prospects of a loan approval.

Advantage of house banks over online banks

Advantage of house banks over online banks

This example shows once again how useful house banks can be. Anyone who has had their account with the same bank for years has already been able to demonstrate their creditworthiness. If all payments have always been made on time and the creditworthiness is good, there is a good chance of a loan with a limited contract, even if the term is longer. However, this is actually only possible at the house bank, since there is still personal contact. In most cases there is no personal contact with online banks. The branch network that other banks still have is simply missing.

Fulfill small wishes with the overdraft facility

Fulfill small wishes with the overdraft facility

Despite the high interest rates, small requests can be fulfilled via the overdraft facility in the checking account if the bank refuses a loan. With regular cash receipts and a good Credit Bureau, there are no problems when a new overdraft facility is requested. It is very expensive to use, but you can get the loan you want without too much paperwork. How high this overdraft facility depends on the monthly cash receipts. This can be used without consultation. You shouldn’t take too much time with the repayment, since very high interest rates are charged for the use.

Leave a comment

Your email address will not be published. Required fields are marked *