Maybe you do not have a permanent job or do not have the right papers and do you wonder whether borrowing money without a permanent contract is possible. In this article, you will find more information.
With the larger loan providers, such as banks, it is necessary that you have certain documents such as a permanent contract. This is because of the security for loan provider and consumer. If a consumer can not repay a loan, both parties have a problem. For the same reason, for example, blacklist tests are performed and other conditions are set. However, the conditions have become stricter in recent years. This has more to do with the economic crisis than with the risks associated with the loans. Unfortunately, for many, it means that a loan is out of the possibilities. That is why more and more loan providers on the internet offer the opportunity to take out an accessible loan.
Can I also borrow money without a permanent contract?
Whether you are able to take out a loan without a permanent contract, depends on the loan provider you choose and the circumstances. It is best to compare the terms and conditions of different providers to find out whether a loan is possible for you. You can in any case count on the legal conditions: you must be at least 21 years or older to be able to take out an online loan and you must have a monthly amount of income. Whether there are further conditions attached to this income differs per loan provider. It also varies per loan provider if there is a blacklist assessment, mandatory agreements or paperwork. The chances are that you can find a loan provider where you are eligible for a loan, as the legally stipulated conditions are minimal.
How much money do you borrow without a permanent contract?
Where the conditions vary per provider, the amount of the loan you can take out also varies. With loans of smaller amounts, you will naturally have to take into account fewer conditions than with the loans of larger amounts. But what exactly is meant by a loan of a small amount or a large amount? In general, loans of up to 1000 euros are involved when we talk about small loans. For example, you can borrow 400 euros for a new bike, 500 euros for a holiday or 100 euros to pay bills that have been left. There are no restrictions on the reason for borrowing for most providers and you do not have to inform the loan provider of this.
Borrowing money without a permanent contract is therefore often possible! To find an appropriate loan for your personal situation it is essential to find the right loan provider and to read the conditions carefully. These conditions must always be observed to limit the risks associated with the loans.