However, because of the low income, it is particularly important that trainees plan their borrowing accurately. The trainee is already aware that his company will permanently hire him after completion of the training. Can one of you, as an apprentice, get some recognition? Most banks will refrain from granting loans to trainees. Tip: If you quote a second borrower (eg, parent, grandparents, relatives, wife / husband, girlfriend / boyfriend, etc.) through our credit comparison, you have a much better chance of getting the loan you want.
How do I get a suitable trainee loan?
If you would like to borrow something today, it is recommended to study all further information on this website. If you want to apply for a suitable training loan right away, use my credit form now. In 2 minutes you will receive an e-mail with a list of suitable lenders. First, some essential and pertinent information about this theme.
Your employment as a trainee is limited to the end of your apprenticeship. What is your monthly salary and what do you spend? This is especially difficult if you still have rental costs. There will not be much at the end of the month. You should also keep in mind that the monthly expenses increase, for example, when you buy a vehicle from the borrowed capital.
You do not just have to pay gas, but you also have to pay taxes, insurance and repairs. So think about how much you have to pay interest and repay after buying a car every month.
In principle, people under the age of 18, including many apprentices, can not borrow cash. However, there is a derogation that people under the age of 18 can do whatever they want with the capital they have – including apprentice compensation. In simple terms, this means that an apprentice takes less credit.
The fact is that you can always handle money well, especially as a teenager, but of course you have to pay off the borrowed loan again. For example, if a trainee wants to rent a holiday apartment, buy a car, or make another necessary purchase, you can probably apply for a loan here – but the loan amount must be quite small, because only with the trainee allowance, which is unlikely to cost 1,000 USD per month, you have not jumped far.
Probably the credit institutes will still grant a few thousand apprenticeship credits with good creditworthiness, nevertheless one should be aware of the consequences and have his financial circumstances as an apprentice in mind. For example, a loan that does not exceed 50 to 80 USD per day is very possible.
This is quite feasible even with a low apprentice wage. In any case, it is advisable to contact your custodian and discuss the loan application with her. Ideally, a concept with good reasoning should be prepared in advance, in which the customer of the respective institution is explained exactly what the capital is needed for.
So nothing stands in the way of a permanent micro-credit as an apprentice.