When taking out a loan, as an interested party you have to be able to meet a number of requirements before you can get a loan from the banks. The prerequisites are mainly linked to an income and its relation.
This income must be above the garnishment exemption limit and must come from an employer who has an open-ended employment contract. If you don’t have an employment contract, you don’t have an employer and you are usually unemployed. Not a good basis for auditing banks for a loan. Because it is very difficult to take out a loan without an employer.
Why a loan is not possible without an employer
If you cannot prove an employer, you usually have no income. Provided that you are not self-employed, you will receive social benefits in such a case, which cannot be included in the calculation for a loan.
The chances of a classic installment loan can therefore only be maintained if you either look for employment with an employment contract and a corresponding income, or if you find a co-applicant who can provide these aspects and who protects the loan with his employment contract and income , But even with co-applicants, the bank will still check very carefully whether the loan can really be granted without an employer.
The consumer loan for small purchases
If you are in such a situation, then you should consider very carefully whether a loan really needs to be taken out. If possible, the admission should be postponed so far that you can secure the loan yourself.
If this is not possible, the consumer loan could finance an important purchase. Consumer credits are earmarked and are given by various retail companies whenever the goods bought there cannot be paid for directly or should not be paid for. With a consumer loan, you don’t have to be able to prove an employer. You just have to confirm that you draw money every month. No matter from which source this comes.