Credit after graduation – borrowing with a surety

At the end of your studies, you have to take up a full-time job for the first time. This is often located in a different city than the previous place of study, so there are costs for moving. Since only a few students can make savings during their training, it is often necessary to borrow at the end of their studies, especially since the new job often requires the purchase of a first car.

The difficult borrowing after graduation

The difficult borrowing after graduation

It is difficult to take out a loan after graduation because the graduate initially does not earn any income. Borrowing with the expected income as security on presentation of the new employment contract is more possible with branch banks than with direct banks, since these are special cases that cannot be dealt with online. Applying for a loan while studying is better than borrowing after graduation. Depending on the duration of your studies, you can take out a student loan or an educational loan from Intrasavings bank.

Both loans are actually used to finance the degree or the degree, but there is no control over the use or demand for the previous degree. In addition, neither the student loan nor the education loan requires customary bank collateral. Those who refrain from needing a loan after completing their studies and not yet taking advantage of a promotional loan should ideally opt for one in good time, because it is much easier than obtaining a bank loan directly after completing their studies.

For credit reasons, it is worthwhile to register as unemployed between completing your degree and starting work, because unemployment benefit recipients can grant the unemployment benefit, partly as a subsidy and partly as a loan, to the costs of starting work. As former students are available on the job market after graduation, they are entitled to benefits and also a loan from the job center.

Other options for applying for credit after graduation

Other options for applying for credit after graduation

If the bank does not consider future income for a loan after graduation to be sufficient security, it is advisable to provide a guarantor for the borrowing. They must have sufficient income and Credit bureau information without negative entries and be aware of the scope of a guarantee. Websites for arranging personal loans offer an alternative to borrowing with a surety after graduation.

Since the members registered there as donors often make their loan decisions based on social considerations, it is easier to take out a loan there after completing their studies than at a commercial bank. Banks licensed act as the operators of the relevant websites, and their accounts are also used for loan processing. However, private donors make the decision about lending to existing students.

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