Installment loans are very popular among consumers. Small or large wishes can be quickly fulfilled. Low installment payments ensure that borrowers have enough money left to live each month. For an installment loan, it is necessary to have a job. But what happens when you are still in the trial period?
When a new employee is hired into a company, he initially receives a trial period of several months. During this period, both parties can terminate the employment relationship without good reason. This has an impact on a loan request because the banks ask about the employment relationship.
This also happens if the customer is already known. There is a reason for the seemingly incidental question of how the job is going. It is a risk for banks to give someone an installment loan during the trial period. What happens if the employee is not taken on. In the worst case, the bank stays on its money. No bank likes to take the risk.
If the wishes are not too big and the loan is to be used for a new purchase that is not too expensive, a hire purchase in retail can often help. The dealers don’t ask about work. You just want to see an EC card and of course look for the Credit Bureau. If there are no complaints, the customer can take the goods with them and pay in small installments.
The retailers often offer a payment break of several months. Many know the slogan: “Buy now, pay later”. This is how an installment loan can be avoided during the trial period. But that only works for smaller amounts and with a good credit rating.
There are usually no other options, as banks always want collateral. A Swiss installment loan during the trial period is also out of the question, because the banks in Switzerland do not accept borrowers who are still in the trial period.