It is often not easy to get a loan if you have a permanent job but no permanent employment contract. Banks often count on the granting of loans with the fact that the loan can not be repaid in the long term despite the time limit imposed by the applicant.

The requirements do not have to be perfect

The requirements do not have to be perfect

It is not possible to rule out bad cards and no credit. It should be noted that the amount is within a range in which a bank would like to bear this risk. If it is foreseeable that the loan despite fixed term and a subsequent (short-term) unemployment not fully exceed the possibilities for repayment by the debtor, a bank can still approve the loan despite time limit.

Interest rates play a big role

Interest rates play a big role

Of course, as an applicant for a loan with a fixed-term contract, it is always considered a risk factor. So you can not expect a very good interest rate. If the loan is actually granted, increased interest rates are certainly acceptable – but not to any degree. Again, there are huge differences between the offers of the banks. It is worth comparing even if you belong to a group of people who pose a certain risk. Although one might be glad to have been granted credit by a bank, negotiations are possible.

Score with collateral

Score with collateral

Anyone looking for a loan with an open-ended employment contract should be able to score with collateral on a different basis. A for example already paid condominium or own vehicle will influence each bank as reserve surely with the allocation of a credit. However, if you really do not have any collateral and if you can not predict whether an employment relationship will last for a long time, it will be difficult to get a loan.