There are various reasons why families in particular need a loan. A family always costs a lot of money, bills have to be paid and if an important repair is due or a school trip, then the money can become scarce. In such a case, a loan can be applied for during parental leave.
Requirements for a loan during parental leave
Families have to meet different requirements at the bank in order to apply for a loan during parental leave. These conditions must be met in the same way as for a disposition or installment loan. A spouse must have a fixed and permanent employment contract. It would be ideal if both are in an employment relationship, because then the chances of getting a loan are twice as high.
In practice, however, it often looks different, so that only one partner works and the other takes care of the children. So there is often a salary and parental allowance.
Parental allowance and child benefit do not count towards income, which many think. Child benefit is urgently needed every month and all important bills such as rent and electricity have to be paid from the income. Often there is not much left, so it can be difficult to get a loan during parental leave.
Conditions of the loan
If the income is high enough and there are no negative entries in the Credit Bureau, a loan is quickly granted during parental leave. The borrower does not have to specify what the money is used for. A budget is drawn up to see how much is left at the end of the month. A rate can then be agreed with this sum.
Can promotional loans be used?
Families with children can take advantage of various government grants, including a loan. Lender is the right point of contact for this, which can determine the financial requirements and then make a proposal for a loan. The loan is specifically designed for families, so interest rates are often very low and the term can be adjusted. Here, however, at least one member must have a fixed income.