A legal trainee is in training for civil servants in higher service. As a rule, the internship lasts two years. However, it can also be shorter. The job is safe, because a trainee lawyer is a civil servant after his training and is therefore welcome at every bank. A loan for trainee lawyers is possible under certain conditions.
When is a loan possible?
A loan for trainee lawyers is possible if the term does not extend beyond the traineeship period. One can normally assume that a trainee lawyer will later become a civil servant in the higher service, but because this is not yet certain, the banks tend to approve a loan with caution. It is easier to use the overdraft facility in the checking account. It is freely available and can be used without asking. However, it should also not be concealed that the overdraft is significantly more expensive than an installment loan. Sometimes there is no other way.
Does it make sense to ask the house bank?
If you are looking for a loan for trainee lawyers, you should first contact your house bank. The advantage is that the trainee may be one of the long-standing customers and when talking to his personal contact person, a loan is more likely than with a foreign bank. Now, at the latest, it is becoming clear that it can be advantageous to be a customer at a branch bank because you know each other here. The internet also offers plenty of opportunities for a loan, but it is difficult for a trainee lawyer. Personal contact with his client advisor can be very helpful in this situation.
Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.
Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.
Debt, indebtedness and over-indebtedness play a major role in today’s consumer society. Due to many temptations, numerous, especially young people tend to over-finance themselves and are no longer able to meet their payment obligations.
If this is the case in whole or in part, this is noted at credit agencies such as private credit checker, which worsens creditworthiness and obstructs access to new loans. Some banks have discovered this gap in the market for themselves and have been offering people with poor credit ratings a loan despite private credit checker entry for some years.
Who offers a loan despite private credit checker entry?
As a rule, banks from abroad primarily offer these loans from Switzerland, which is why they are also referred to as “Good lender loans”. In some cases, foreign credits are also processed through German intermediaries. But the money comes exclusively from abroad. These are also widely advertised on television or on the Internet. In this context, credit without private credit checker means that no private credit checker information is obtained from the bank when a loan application is made, and that the bank does not report the granting of the loan to private credit checker either. The whole transaction runs past private credit checker.
Under what conditions is a loan granted without a private credit checker entry?
Since these loans are given to people with poor or non-existent credit ratings, interest rates are higher than for other loans because the banks calculate with a higher default rate. It is not possible to make a definitive statement about the level of the interest rates, since they depend on other factors, but there is usually a range of 6-10%.
In principle, these loans are only granted to borrowers who can demonstrate a corresponding income, on the basis of which the interest conditions and the loan amount are calculated on the basis of factors such as the repayment rate. Depending on the bank, both small loans up to 5000 USD and loans up to 50,000 USD are offered.