Financial institutions classify a loan as risky during pregnancy

There is an increased credit requirement during pregnancy, especially before the birth of the first child, since in this case there is no basic equipment for a baby in the household.

Bank loans for pregnant women

Bank loans for pregnant women

If a woman applies for her loan online during pregnancy, the bank will not notice the impending birth. In the case of living together with the father, borrowing and repaying the loan are easy, since even if the father takes up parental leave, one parent receives regular wages and the second partner receives parental allowance.

Most banks do not count parental allowance on their household accounts as part of their regular income, but ideally, when the loan is applied for, both partners still receive their income from work. When a single mother applies for a loan during pregnancy, she ensures that the term of the loan is long enough and that the monthly loan installments are low enough that she can repay it with a reduced total income in the months before and after birth.

Alternatives to bank loans for pregnant women

Alternatives to bank loans for pregnant women

While financial institutions classify a loan as risky during pregnancy, the lenders registered on platforms for brokering loans between private individuals are very happy to grant one. The reason for the easier lending during pregnancy via the relevant platforms is that the registered private lenders prefer to be guided by social criteria when making their lending decisions and their consent to a loan during pregnancy is seen as support for the applicant.

If single women have a very low income, they can receive an interest-free or low-interest loan during pregnancy for the initial provision of their future baby in different positions. This applies to all recipients of unemployment benefit II, to whom the job center pays an interest-free loan if there are specific needs. Universities also grant credit to their students, as does the parish to their members, if necessary, during pregnancy.

In these cases, the recipient must demonstrate that she fully uses the credit received for her child’s needs or for the costs associated with pregnancy. Most universities also have a limited budget for social credit, so they cannot approve all of the legitimate applications.

What does comparison of loan shows?

 

You cannot get a loan without Credit Bureau from a traditional bank. This is because they are very careful that the Credit Bureau only consists of positive entries and then only grant a loan. If you are looking for a loan with a negative Credit Bureau, the best way to find it is to look for a loan without Credit Bureau with a comparison. Because a comparison shows exactly the possibilities, shortens the search and delivers the desired loan quickly.

This is how you do the comparison

This is how you do the comparison

A loan without Credit Bureau in comparison is best done on the Internet. Since you will not get such a loan from traditional banks, it is always worthwhile to concentrate on the Internet when searching. So why not look there too.

Comparative computers are available for the search, which can be found on many websites that deal with this topic. For the loan without Credit Bureau in comparison, only a few key data about the loan are required. In addition to the desired loan amount, this also includes the possible installment amount and information on income and employment.

In addition, information about possible guarantors or the like can be requested. Once you have entered this data, the comparison calculator will show you some offers that match this data. From these offers you can choose the most suitable one and contact the appropriate donor.

As with any loan, the latter will request meaningful documentation on the information. Income must be proven as well as permanent employment. Only if everything fits here can you get a loan.

You should pay attention to this

You should pay attention to this

In the case of loans that are to be taken up despite a negative Credit Bureau, the interest is generally somewhat higher than that of conventional installment loans. In order for the loan to be fair and worthwhile in the end, you should make sure that the effective annual interest rate does not exceed 15%. The APR includes all interest and costs related to the loan. Therefore, you should only compare this and no other values, since they will not say anything about the real costs around the loan.