Credit for trainees without private credit checker.

A credit for trainees without private credit checker cannot be secured by creditworthiness and the house bank will therefore reject it. Orientation on the free financial market is worthwhile, as private donors and foreign banks place less value on creditworthiness and accept other collateral for the loan.

Compare different offers and save

Compare different offers and save

So that the loan for trainees without a private credit checker examination is cheap and is not subject to any increase in price during the term, you should use a free online comparison. If you check not only the interest rates but also the general conditions with equal attention, you can find a suitable loan with a high degree of flexibility in repayment and exclude overly expensive offers from the outset. An applicant does not know what his life and financial situation will look like after the training.

If he is taken over by the company and earns more, an earlier repayment of the loan can be an advantage. The prerequisite is that he undertakes this at no additional cost and thus does not have to accept the cost of the loan. The same applies if the lender wishes to defer due to financial problems or repay the loan in smaller installments than agreed with the lender. Here, a flexible loan for trainees without a private credit checker exam is convincing and offers the options without the conditions increasing due to a changed repayment.

Non-bureaucratic loan processing for trainees without private credit checker

Non-bureaucratic loan processing for trainees without private credit checker

If the loan for trainees without a private credit checker exam is needed quickly and should exclude waiting times, this also speaks for a focus on the free financial market. Here, the approval is given after 24 hours and the immediate transfer of the amount to the borrower’s account results. The loan must be adequately secured in order to be approved.

The trainee can achieve this with real assets or insurance with capital formation, with building loan contracts or pension products for retirement, but also with a guarantee. The selected and existing protection from the borrower is noted directly in the online loan application form, so that the lender gets an overview from the outset of the options the borrower has and provides for protection.

What is a loan deferral?

You can request a loan deferral in the following cases: carrying out of works, construction of your house or the acquisition of a property in a future state of completion (VEFA – acquisition of a Sale in the Future State of Completion ).

What is deferred loan

What is deferred loan

What is called deferred loan is the possibility of repaying no capital during a certain period, but only interest (or not, depending on the deferred loan case chosen) and additional costs such as borrower insurance, which will be debited at each due date. There are two types of loan deferrals: partial deferral and total deferral.

the loan deferral allows you to adjust your loan according to your current situation

What is a total loan deferral and why this name?

What is a total loan deferral and why this name?

Total because, during a certain period, no reimbursement of capital or interest is made. The borrower will only have to pay the costs related to loan insurance. Therefore, unpaid interest will have to be added to the principal owing. This is called negative amortization.

In a case like this, the borrower is then faced with specific interests, called interim interest. This is the amount that your bank lends you and for which you do not make any repayment over a certain period. Consequently, the capital remaining due is recalculated during the loan deferral period since there is added to this, the interim interest.

If your first loan term is more than one month after the first release of funds by your bank, then your first monthly payment will include the interim interest in proportion to the number of days that have exceeded 1 month following the release of funds.

Pay attention to the famous value dates and try to get your funds released the same day of the due date (after the payment thereof), in order to avoid the payment of interim interest. Even if in reality it is rare for this to happen.

TO REMEMBER !

  1. Request a deferral in the case of work, construction of your house or VEFA
  2. The deferred loan allows you to reduce part of your monthly payment for a given period
  3. Attention, remember to calculate the cost of the deferral before you start (we can help you if necessary)