What's the difference between a guarantor and a co-borrower?

A guarantor is only liable if you cannot pay. A co-borrower is equally responsible from the start and must submit all documents.

Can I get a car loan during probation?

Yes, car loans are often easier because the vehicle serves as security. The bank can hold the vehicle title as collateral.

Employee Guide / Ratgeber für Arbeitnehmer

Loan During Probation PeriodWithout Guarantor in Germany

Q: How long is the probation period in Germany?

Usually 6 months, but it can be shorter (e.g., 3 months). The exact duration is stated in your employment contract.

Just started a new job and need a loan? The probation period (Probezeit) presents challenges – but there are solutions, even without a guarantor.

No guarantor needed

Quick assessment

Schufa-neutral

The Reality

Most employees successfully complete their probation period.
However, banks must plan for the worst case. The probation period is a risk factor for them – not because you're a bad customer, but because the notice period is shorter.

Probation ≠ Automatic rejection

Key German Terms

Probezeit = Probation period (usually 6 months)

Bürge = Guarantor

Zweiter Kreditnehmer = Co-borrower

Unbefristeter Vertrag = Unlimited employment contract

Kündigungsfrist = Notice period

Sicherheiten = Collateral / Security

Why Is Getting a Loan Harder During Probation?

Banks see the probation period as a risk. Here's why:

Easy Termination

Both employer and employee can end the contract quickly (often just 2 weeks notice).

No Job Guarantee

No job security guarantee – you might lose your income soon.

Short Notice

Shorter notice periods mean faster potential income loss.

Which Banks Approve Loans During Probation?

More Likely to Approve:

Online banks (automated assessment)
Credit comparison platforms
P2P platforms (e.g., auxmoney)
Employer loans (if offered)

Key Factors:

Industry and employer (public sector = positive)
Salary relative to loan amount
Unlimited contract after probation
Your overall financial situation

Alternatives to Having a Guarantor

Smaller Loan Amounts

• Under €3,000 often possible
• Short term (12-24 months)
• Minimal risk for the bank

Offering Security

• Car as collateral (vehicle title)
• Life insurance policy
• Savings as pledge

Co-Borrower

• Partner with stable income
• Different from a guarantor
• Both are equally responsible

Wait It Out

• Chances improve significantly after probation
• 6 months goes by quickly
• Better interest rates possible

Compare Loan Offers Now

Compare different loan providers. Rate inquiries are Schufa-neutral – comparing doesn't affect your score.

* Representative example: Net loan amount €10,000, term 84 months, effective annual interest 3.99% - 9.99% (credit-dependent). This is a brokerage offer.

Practical Tips

Show Your Employment Contract

Unlimited contract after probation matters! Mention your industry and employer.

Choose a Small Monthly Payment

Max 10-15% of net salary. Shows you can afford the loan.

State the Purpose

"Moving for new job" or "Car for commuting" = understandable and sensible.

Submit Multiple Inquiries

Rate inquiries are Schufa-neutral. Each bank decides differently.

Frequently Asked Questions

How long is the probation period in Germany?

Usually 6 months, but can be shorter (e.g., 3 months). The exact duration is stated in your employment contract.

Will my employer find out about my loan application?

No, the Schufa inquiry is confidential. Your employer will not learn about your loan application.

Do my chances decrease with each rejection?

Rejections are not recorded in Schufa. Only too many actual loan applications (not rate inquiries) can have a negative effect.

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