Let’s talk about Loans for New Employees Without Guarantor, let’s see who grants them and what minimum conditions are required.
The loans for new employees are a type of financing that will appeal to those who have recently got a job.
Those who have just found a job, in most cases, must wait for a minimum period of time before applying for a loan that can go up to 6 months.
There is talk of “seniority” and it is a required requirement because the bank or the finance company wants to be sure that the job is not on probation.
Despite this, there are opportunities to apply for loans for new hires, both indefinitely and determinedly, both and foreign, both with guarantees and without guarantees.
Newly hired loans, are there any requirements for new hires?
It depends on the amount you need, the type of work you have, your work history and any guarantees that you can provide.
The minimum length of work
The concept of newly hired runs counter to that of minimum working seniority.
To grant a loan, banks and financial companies ask for a certain minimum working length, usually equal to 6 months. In any case, there is no written rule and therefore lenders can ask for the minimum seniority they prefer. This, of course, greatly limits the possibilities.
The trial period
The probationary period, that is, the one in which the employer tests the future employee’s skills, can vary from a few weeks up to 2 months or more, has practically no constraints on the employer in terms of the possibility of dismissal.
For this reason, the trial period cannot be included in the calculation of the minimum working length, which we have seen previously.
Therefore, if you are looking for loans for new hires, you must be aware of the fact that the financial companies do not consider the duration of the trial period in the count of the months that have already been worked out, and that loans cannot be requested during the trial period.
It is a fact that when looking for loans for new hires, not all jobs are created equal .
An employment with a public or ministerial body, or with a large company , is certainly worth more than a job in a small company.
TFR, Employee severance indemnity
One of the guarantees required by financial companies to disburse the loan is the presence of TFR, employee severance indemnity. If, until some time ago, it was possible to find some “no TFR” loans, that is, without having an Employee severance indemnity provision, today it has become practically impossible, unless certain conditions are met:
- minimum seniority 3-6 months (depending on the employer, as mentioned above)
- trial period passed
- maximum repayment term 60 months
- maximum sum 10,000 – 12,000 dollars