The trial period enables employees and employers to get to know the work performed and the working atmosphere and to decide on the continuation of the employment relationship based on the experience gained. It usually lasts six months and thus corresponds to the period in which the protective effect of the Protection against Unfair dismissal does not apply. Shorter or longer trial periods than half a year can be agreed, but have no influence on the legal protection against dismissal.
Borrowing from financial institutions during the trial period
The employment relationship is not secured during the trial period, as termination is even possible without a specific reason. As a consequence, financial institutions are reluctant to grant a loan with a trial period. Even if the employment contract is not submitted, this can be seen in the payroll, especially since financial institutions treat the first six months of a new job as such even with a shortened trial period.
Employees can often avoid the need for a probationary loan by taking out the loan while still with their old employer. In this case, they make sure that they can also pay the installments if the new contract is canceled during the trial period.
If the need for money was not foreseeable in time, a loan with a probationary period is an immediate loan without proof of salary. In this case, financial institutions have to ask their previous employer about their income, but not necessarily about the start date. The best chances of successful borrowing during the trial period are if the instant lender only asks about the income from work and not about contract details. All questions asked must be answered honestly, even if the instant lender does not require proof.
Personal loan during the trial period
Internet platforms for private loan brokerage accept loan seekers with employment relationships that are not considered secure. The decision on the loan is made exclusively by registered private lenders. They learn in the project description that an applicant would like to take out a loan with a trial period.
For social reasons, many private lenders registered on the platforms deliberately draw loan requests from members that conventional banks are reluctant to grant loans to. For this reason, a loan with a probationary period with good chances of success can be applied for via the internet platforms for brokering private individuals. An as precise as possible statement of the intended purpose also contributes to the success of the loan application.