In the past, mini-jobs were only carried out by schoolchildren, housewives and pensioners. But times have changed in the meantime: Even employees who have a permanent job are taking on mini jobs to increase their income.
There are also people who only have several mini jobs and thus make a living. Although mini-jobs have long lost their negative image, problems can arise with borrowing. Mini-banks are too insecure for most banks because they do not offer a fixed employment contract and can be terminated quickly. There are many things to consider when you want to take out a mini job loan.
Can I get a loan despite a mini job?
Basically, you can get a mini job loan if you meet the necessary requirements. If you have a permanent job and also do a mini job, there will be no problems with borrowing. On the contrary: the higher total income improves your credit rating. If you only do mini jobs and do not have a permanent employment contract, your credit chances are rather poor. In this case, it is helpful if you provide the bank with collateral (such as a home) or appoint a guarantor who has to pay your debts in the event of payment difficulties.
Mini job credit at online banks
Would you like a cheap loan with advantageous terms? Then you should rather not contact your house bank, but look for a good online bank on the Internet. With a quick and free comparison, you can find out which bank has the best loans on offer. Always keep in mind that borrowing is not all about low interest rates.
The other conditions (e.g. term length, monthly installments) are at least as important. Apart from that, you should prepare a financial plan before applying and find out what the maximum loan amount can be. After all, it is important that you do not go into debt, but that you can easily meet your payment obligations.