Loan for part-time workers
Anyone wishing to receive a loan for part-time workers would have to provide correct private credit checker information and an income which is so high that it is at least significantly above the garnishment-free limit. Then it doesn’t matter whether this income comes from a full-time or part-time job. In addition, the bank only registers the receipt of money. The corresponding posting item on the checking account does not contain any information on how extensive the relevant employment relationship is. As a rule, there are problems with a loan for part-time workers if the income is too low or if there are any negative entries with the private credit checker. Even minor entries, such as an unpaid mobile phone bill, are sufficient for this.
If, after in-depth examination of the loan application, the bank comes to the conclusion that a loan for part-time workers is in principle possible, but requires additional security, it will insist on a solvent guarantor or a co-applicant. However, this person should then have an unlimited full-time employment and an impeccable private credit checker information. Otherwise it would be unsuitable as a guarantor or as a co-applicant.
Amount of the monthly loan installments
Similar to any other installment or consumer loan, the amount of the monthly loan installments and the length of the term could also be freely determined for a part-time worker loan. The prerequisite for this, however, would be that the credit rates are adjusted to income. Otherwise, it could very quickly happen that the borrower feels overwhelmed with the payment of the monthly installments and, in the worst case, even falls behind. It is not uncommon for serious consequences to arise here, which can extend to the termination of the loan for part-time workers.
Since the conditions at the individual banks differ considerably in some cases, the borrower should not rely solely on his house bank, but always carry out a detailed comparison on the Internet. Only in this way can he gain clarity as to whether the loan he prefers is a cheap loan or whether there are better alternatives. A credit comparison is also updated daily.
Once the right loan for part-time workers has been found, it could not only be applied for in a local bank branch, but also on the Internet. The applicant receives a preliminary acceptance within a few minutes. However, a final commitment is only made after all the documents required for the application have been checked. These must be submitted in the original and sent to the lender using the PostIdent procedure.