After the savings banks,the second large, decentralized banking group in Germany. Bank easyCredit is interesting for trainees because of its low minimum loan amount. The loan can be taken online or in a Bank branch. This usually means that there is no credit. It’s not about your income, how much you make, but how much you spend.
In principle, each Bank itself determines what offers it offers to whom and under what conditions – including loans for trainees at the Bank. The application for the EasyCredit can be made either on the spot at the Bank or the respective Landersbank or directly at the respective Landersbank. Lending is also open to trainees if they have fulfilled the usual requirements (of age, place of residence in Germany) and creditworthy (no negative Credit bureaus, enough income to pay loan installments).
Basically, the company offers you loans of up to 75,000 USD with a remaining term of up to 84 years. Of course, the apprenticeship loan through a Bank or through RZB only makes up part of it. In addition to easyCredits, some Banks and Raiffeisenbanks also have their own providers in the consumer loan business – for example, for car financing.
In each house bank there is the possibility to run a running bank account. The apprentices can also use this. In some cases, you have to become a bank member to open a bank account or get a loan. The conditions at the local cooperative banks are often slightly worse than with direct and online banks.
In any case, you should match the conditions. On request, the institute also offers individual counseling and the loan for trainees at a Bank is often easier to reach, as there was already a long-standing customer loyalty.
It is a credit bureau that collects information about its payment and credit standing for its business partners. Almost anyone who has a bank account or loan from a house bank, has a mobile or telephone contract, has already made a financial purchase or a lease, is recorded in the information provided by the company.
When lending by credit institutions, the Credit bureau query is standard. As a client, you can reject your consent to the Credit bureau request, which does not necessarily increase your chances of getting a loan. Negative information from AHAHB about reminders, seizures, affidavits – almost always led to the rejection of applications. Some banks, especially on the net, are still promoting loans without them.
So you can get a loan as a trainee without the use of the company. Usually, providers pay for the increased credit risk. Occasionally there is no intention to lend something. If one’s own financial circumstances are already bad, such a loan as an apprentice without education without education only leads to a further aggravation, but certainly to no improvement.
But there is also a serious opportunity to improve one’s own financial circumstances – the KfW education loan. However, in the case of severe negative characteristics, the granting of credit is excluded.