In Germany, certain criteria have to be met in order to get a loan from a bank. In addition to positive Schufa information, this is a permanent employment relationship. Banks usually do not have an employment contract.
Monthly earnings, which are regularly paid into the account by the employer, are much more important. However, there are also situations in which the borrower does not have a permanent job, but nonetheless has regular incoming payments. But is there a loan without a fixed employment contract?
Income from rentals or leases
Anyone who owns a rental house with several apartments and only earns a living from the rental income has no employment contract. In this case, a loan can be obtained without a fixed employment contract. It looks different with self-employed or freelance work. It is particularly difficult for start-ups because they do not yet have sound sales figures. Not every bank grants a loan to this professional group.
Unemployment and has no employment contract
He is unemployed and has no employment contract. In this case, it is almost impossible to get a loan in Germany. The income from social benefits is barely enough to live on. In addition, these are not attachable, so they do not represent collateral.
Fixed job employment
With a fixed employment relationship and a good credit rating, everyone has the opportunity to get a loan without a fixed employment contract. Anyone who has been a customer of their bank for a long time only has to submit the last three salary slips anyway, so that the bank does not initially notice whether it is a temporary employment relationship or not. It becomes more difficult when the loan is applied for online. Depending on the bank, the borrower must send a copy of the employment contract to the bank. If there is none, there is no credit.
Swiss banks are definitely the ones who want to see an employment contract as proof of employment. The so-called “Swiss loan” is only granted to employed persons. There is no loan from Switzerland without an employment contract.