Loans are something quite normal these days. On the one hand, they can help you to overcome financial bottlenecks, on the other hand, they enable larger, necessary purchases. In order for a customer to get a loan from a bank, however, he has to meet certain criteria with which he can prove his creditworthiness. This includes an open-ended employment contract. In certain circumstances, however, it is also possible to get a loan despite the time limit.
Opportunities for a temporary employment loan
If the customer needs a loan with a small loan amount, his chances are not bad, even with a temporary employment contract. Especially when the term of the loan does not exceed the term of the employment contract or only slightly, most banks grant a loan despite the time limit. Provided that the customer can show no Credit Bureau entries and a balanced budget balance. In addition, the trial period must be over. If these criteria are met, nothing stands in the way of such a loan.
What to do if the loan exceeds the time limit?
However, it is also possible to get a loan despite the time limit if the term exceeds the duration of the employment relationship. Anyone who has assets such as a piece of land can state this as security with the bank. However, since not everyone is wealthy, there is also the possibility of a guarantee. In order for the bank to accept a person as a guarantor, they must have sufficient creditworthiness. If the guarantor is accepted by the bank, he also signs the loan agreement and thus agrees to accept the monthly loan installments if the actual borrower is no longer able to pay them.
Loans without Credit Bureau are not possible
Anyone who has problems with Credit Bureau is happy to draw on loans from Switzerland. However, an unlimited employment relationship is mandatory with these banks. A credit cannot be obtained from these institutions despite a time limit.