A loan is questionable despite changing jobs.
Many people are dissatisfied with their job and are considering a change. Of course, changing jobs like this also carries risks, because nobody can predict whether the new work environment will be better or worse.
But problems can also arise from a completely different side. The banks are initially skeptical about a professional change, at least until the end of the trial period and take on a permanent job.
The problem when changing jobs
For banks, it is ideal if the customer has a permanent job with a regular income. If there is a change of job, the professional situation is initially uncertain. A credit decision in favor of the customer is unlikely under these conditions. Anyone planning a loan despite changing jobs should apply for one before switching. Nevertheless, the borrower should carefully consider whether a loan is absolutely necessary under this premise. What happens if there is no transfer after the trial period? Can the installments still be financed?
How do you get money when changing jobs?
If the bank refuses a loan despite changing jobs, other options remain open. First, the overdraft facility can be used on the checking account. This does not even require consultation with the bank. However, this is a very expensive variant, because there are double-digit interest rates. The amount of this overdraft is based on the previous incoming payments and can help over a small financial bottleneck.
The range of lenders has expanded in recent years and a new market has emerged. We are talking about personal loans. In the background are private people who see lending money as an investment. The guidelines for lending on these platforms are not interpreted as strictly as is the case with banks. Therefore, there is hope to get a loan this way despite changing jobs.
The Swiss loan
In order to apply for a loan from a Lite bank, a permanent employment relationship is required. A request directly after a job change is pointless here, because the banks require that the borrower has been with the company for at least one year, which of course is not the case when changing jobs. These Swiss loans are used by people who no longer receive money from Infra banks due to their negative Credit Bureau entries.
However, a permanent job is the basic requirement for a loan to come about. After all, the banks in Switzerland do not waive their collateral either. If the borrower does not pay, the bank can have the attachable part of the income attached. This security is sufficient for the banks to grant a loan.