A loan after the training is quite possible, provided the prospective borrower has a corresponding credit rating. This is decisive for the success or failure of a loan application, because it is only approved if the bank does not have to fear a default.
The chances of a successfully answered loan application are significantly increased if the borrower already has an employment contract that comes into force after the training. This can be the case with the trainer, but a new company is also definitely an option, provided the necessary documents, ie the employment contract, can already be presented to the bank.
A loan after training is difficult if there is no guarantee that the prospective borrower will actually find a job immediately after completing his training. Many students have demonstrably advantages here, because a medical graduate is much more likely to get a loan, since it is almost always ensured that he can take up a well-paid job after completing his training.
Apply for a loan early
To increase the likelihood of a loan after training, prospective borrowers should seek the loan early. Lenders are relatively free to whom to lend which loan to, which is why there are differences between the acceptance rates of individual lenders. In case of doubt, targeted lenders who have a high acceptance rate should therefore be targeted so that the loan may be granted after the training, even without an existing employment contract.
In the end, the individual situation decides – as always – when borrowing, but the chance of a loan can be significantly increased if there is actually an employment contract for the future. Therefore, trainees should take care of a job early on and ideally make it “waterproof” just as quickly by signing the employment contract from both parties. A good training certificate can also increase the chances minimally, since it can then be assumed that the trainee will find a permanent job.