When parental leave begins for a family member, this is usually a reason to be happy. Does this mean that a small baby complements the family, which now has to be looked after very intensively. But with all the joy of family growth, it should not be forgotten that such a small bundle of life also costs a lot of money. Money that is often not available and that needs to be brought into the family with the help of a loan.
A loan during parental leave is not uncommon and is used by many young parents. The purchases around the baby are too expensive for the family fund to withstand without support.
It is best to contact a bank to take out the loan. Here you will find many installment loan offers that are also suitable for young parents and precisely address and implement their needs. It is up to you whether you turn to the house bank or one of the many direct banks for the loan. The best offer should always decide here, which ultimately wins the bid and delivers the desired money.
As with all loans, the loan will only be approved by the banks during parental leave if the borrower can meet all the requirements. In the first place is the income, which must be available in sufficient amounts. Since parental allowance is not counted as income but as social benefit, no installment loan can be taken out. The loan must therefore be applied for by the partner who is not on parental leave and who has a regular and above all fixed income.
In addition, care must be taken to ensure that the income is so high that it can meet the needs of the entire family. If this is not the case, a co-applicant must secure the loan. Banks like to see it come from the borrower’s immediate vicinity. The borrower’s parents would therefore be very suitable.