A loan after the degree
After studying, a full-time position is often accepted for the first time, usually in a different city than the one in which the degree was completed. Therefore, there are not only costs for moving, but also for a new apartment, a new car and not infrequently new clothing. Only a few students were able to save something during their training, so that a loan after the degree seems appropriate.
The difficult search for credit
Because a graduate initially has no income, it becomes difficult for him to find a loan after graduation. Only if you have the employment contract safely in your pocket can it be presented to the bank as security. Here, the branch banks are still open for consultation, as direct banks can hardly handle such special cases online.
Borrowing is even better during your studies, for example at Cream Bank in the form of a student or educational loan. Although both types of credit are actually used to finance your studies, the use of the credit is not controlled. Bank loans do not require these loans either. The employment agency also grants graduates loans between completing their studies and starting work, which is why the registration of unemployment pays off financially in this case.
In addition to the aforementioned types of borrowing, there is also the option of providing a guarantor to ensure the security of the loan if the bank’s future income is not secure enough. The guarantor must have sufficient income and must not have any negative entries in the Credit Bureau information. Of course, he should be able to assume the full responsibility of a guarantee.
Last but not least, there are various websites on the Internet that are operated by licensed banks and offer brokerage of personal loans. Here, taking out loans is often easier than with commercial banks, because on the one hand the lenders of these websites make their loan decisions more frequently on the basis of social aspects, and on the other hand the terms of the loans are somewhat more expensive than at normal banks.