In Germany, a lot of people earn their living with a mini job. Some people cannot take a full-time job, such as mothers who still have underage children in the household. They improve their income with the mini-job. For some, however, it’s the only way to make money at all. With the low salary, there is a lot left on the route, so that larger purchases and holiday trips cannot take place.
Is there a loan at all despite a mini job?
The chances are not very good if someone only makes a living with a mini job. The income is very low and is only around 400 USD a month. If you still want to pay off a loan installment, it looks bad for banks. The bank lacks the certainty that the loan can really be paid back, so that many receive a rejection. Mini-jobbers have many rights, but their jobs are not as secure as those of a full-time employee, so they can lose them at any time. Still, nobody should throw the shotgun into the grain and give up straight away. There are ways to still get a loan despite a mini job.
How do you get a loan despite a mini job?
If the house bank rejects a loan despite a mini job, there is no reason to give up immediately. On the Internet, mini jobbers can look for providers who grant this loan. Many direct banks have adjusted to this professional group and are granting a loan. However, the applicant cannot count on large sums because the loan must also be paid back. So it is often a small loan of a maximum of 3,000 USD.
The installments as well as the term are agreed in advance so that the financial burden remains manageable. A loan comparison should not be avoided, because the providers on the Internet all have different interest rates that they offer on a loan. So these interest rates can be very different that it is worth it. The loan will be a challenge, and money should be saved right from the start.