Teaching or training is an elementary phase of life on which all other phases are based. With the specialist knowledge learned and how to deal with this knowledge in the company, you lay the foundation for a successful professional life and thus also for a private life free of financial worries. Only the entry into this phase of life is usually not cheap. You may have to move, buy a car or get a driver’s license first. A facility for the first apartment, the rent deposit and many other things are often not payable out of pocket. In addition, the training allowance is usually not too generous, some training or advanced training even has to be paid for. This is why a loan is ideal for apprentices. This can be paid back in small installments and therefore only has a low monthly charge.
Use credit comparison
A loan for apprentices can currently be taken out relatively cheaply due to low central bank interest rates. However, it should be noted that you are looking for a provider who takes no hidden costs other than pure interest. Such a provider can be found through the online loan comparison. Simply enter the amount you want to borrow as an apprentice and choose a reasonable term. Keep in mind that the longer the loan runs, the more expensive it will be. On the other hand, if the term is too short, the monthly rate could be too high. Find a good compromise for yourself: a rate that you can easily pay back every month without having to save on groceries or other very important expenses.
Income too low? Involve second borrowers!
Do not panic immediately if your loan application is rejected by some banks online, because your apprentices’ remuneration (possibly including BAB, Credit Aid, child benefit, housing benefit, etc.) is too low. Because you have the option of including a guarantor in the loan for apprentices. This can be a parent or a sibling, for example. If you are sure that you can repay the loan on time, there is nothing to be said against it. Your guarantor or second borrower finally knows that the loan for apprentices is a very useful start-up aid and the first step towards a later good income.
If you cannot find a guarantor and you are therefore rejected by many banks, you can also contact a credit broker for the loan for apprentices. You can also find this through the credit comparison. Interest rates are set a little higher because the broker wants to earn money. Nevertheless, it offers a good opportunity to start training without worries.