Credit with training.

 

A credit with training is certainly not an isolated case. For example, many apprentices need their own vehicle to get to work without any problems. In addition, as part of their apprenticeship, many apprentices want to fulfill the dream of their first home and need the necessary financial resources to set up their first home. The motivations for borrowing during the training can be very diverse and are in most cases also feasible.

The age of majority is an important prerequisite for a loan

The age of majority is an important prerequisite for a loan

First and foremost, any loan with training is measured by the age of the prospective borrower and the desired loan amount. A minimum age of 18 is just as important to this form of credit as a fixed income that must be proven.

In principle, trainees can also claim a loan amount that increases depending on their income – however, the loan amount should be realistic due to the interest incurred and not be too high.

A loan agreement can also come about through a guarantee

A loan agreement can also come about through a guarantee

If there is no regular income and the credit agreement is to be concluded anyway, a guarantee is recommended. This guarantor would have to pay in case of a default of the actual borrower for the installment. So that a person can be used as guarantor, this should have no entries in the Credit bureau.

If there is still a Credit bureau entry, you should arrange for this Credit bureau entry to be deleted before signing the credit. However, in this context, the guarantors must take care that their Credit bureau profile is not completely deleted.

Trainees can save money with a credit comparison

Trainees can save money with a credit comparison

In order to successfully complete the loan with training, it is still very important for trainees to have their own current account. In the best case, this should even be available at the bank, through which the loan is also concluded. However, holding a current account should not be a problem in most cases, as trainees should generally have a checking account to which their monthly remuneration can be transferred by the employer.

In addition, prospective borrowers should be careful to obtain the bids from multiple banks, even if a student trades. In this way, borrowers can save money in the future by selecting the lender with the lowest interest rate.

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