It is not uncommon for an apprenticeship to involve additional costs, regardless of whether it is a course of study, school education or conventional vocational training. A loan for trainees is now offered by many banks and savings banks, under the names “education loan”, “training loan” etc. many banks today offer low-interest loans on fair terms.
All loan offers that offer free use are also eligible as a loan for an apprenticeship. In particular, the numerous online banks on the Internet often offer a loan without a specific purpose with flexible terms. Finding a loan for trainees without a guarantor is not particularly difficult today, in fact all banks today offer a loan without a guarantee. However, the wide range of offers not only creates advantages, borrowers face significantly more difficult conditions when making a comparison, without a comparison on the Internet it is no longer possible to find the best individual offer today.
Finding a loan for a trainee without a guarantor – it is important to note this when comparing
When comparing loans for trainees without guarantors, borrowers should pay particular attention to the effective interest rate. The effective interest rate depends on various factors. In addition to individual loan sizes, such as term and loan amount, the creditworthiness of the borrower also plays a decisive role. The creditworthiness of a loan for trainees without a Credit Bureau depends primarily on the Credit Bureau and the monthly income.
Those who have a positive Credit Bureau and a regularly high income or training allowance can also benefit from attractive interest rates on a loan for trainees. Especially because of the financially limited possibilities, apprentices should plan and adjust the term and loan amount precisely. Long terms and high loan amounts mean that the banks have to face a higher credit default risk, so that the effective interest rate is significantly higher.
In addition to the effective interest rate, repayment also plays a decisive role. Most offers are now offered with installment repayment. Due to the consistently high rates and precisely defined intervals, the installment repayment offers a constant liquidity burden.
In addition to the installment repayment, the final installment repayment is also possible for a loan for trainees. When the final installment is repaid, only the interest is repaid during the term, and the full loan amount is then repaid at the end of the term.
Find credit for trainees without guarantors by comparison
The comparison for a loan for trainees without guarantors is now possible on numerous financial portals on the Internet. Credit calculators allow a comparison, taking into account individual information, in this way the best offers can be filtered out and the lowest interest rate can be called up permanently.