What is the special loan offer without a job.

Not only a financing model is possible for the loan without a job. A specific model can only be recommended if the personal circumstances are known. The article provides examples of different life models and the resulting credit opportunities.

A credit without a job – creditworthiness without a job income

If the creditworthiness were solely linked to the generation of work income, about half of all people in Germany would not be creditworthy. No functioning economy could afford to cut off such a large proportion of the population entirely from the credit system. Of course, the chances of getting a loan without a job are not evenly distributed. People who have a secure income from sources other than work have an advantage.

Every lender always pays attention to different cornerstones in his loan approval. The most important thing is credit protection. Even if the borrower becomes insolvent or even dies, the investor doesn’t want to have to write off his money. The second cornerstone is repayability. Legal income of almost any kind creates the necessary liquidity. The word almost excludes only need-based earnings. Social Welfare, to name the most prominent example, is not an income that would be eligible for lending.

Improve credit opportunities

Retirement income offers a particularly good chance of getting a loan without a job. Nevertheless, the creditworthiness is no less given if someone has not even had to work a day in life. The heirs of large properties generate an income from rental income that every “normal” citizen can only dream of. The rental income of an ordinary apartment building already exceeds the average employee income.

In addition to the rental income, the real estate ensures that landlords of almost any size are creditworthy. Unfortunately, not everyone who is looking for a loan without a job is rich or has an old-age income. Unemployment is often the trigger for finding a loan. In this case, finding a loan is not so easy.

Flexibility in loan search improves opportunities

As a recipient of ALG 1, you can no longer easily take out a loan. The job loss and the risk of falling behind in ALG 2 significantly reduce the credit opportunities. The overdraft facility is almost always retained at the house bank. Remaining possible for good existing customers, lending for mail order orders. However, the Schufa must still be clean. Restrictions on the amount of the loan and the terms are also to be expected. At the latest at the transition to ALG 2, overdraft and mail order loans also cease to apply.

At the end of the range of opportunities to get a loan without a job, finding a loan is becoming increasingly difficult. A personal loan remains possible, in which a security, such as a motor vehicle, ensures credit security. If a solvent guarantor is ready to help, credit intermediaries and special banks continue to offer modest credit opportunities.