The marginal employment is part of the special employment relationships and is associated with an income of no more than 450 dollars per month. This low level of income means that nobody can live on a marginal employment relationship alone. Rather, in many cases this leads to additional earnings or represents the spouse’s non-working spouse’s own income. If a marginally employed employee does not actually achieve any further income or support from the partner, he has the right to an increase by the job center.
Borrowing by marginally employed with partner
For a loan for marginally employed people with a partner, joint borrowing is a good idea, provided that the partner has a regular higher income. Borrowers do not have to be married to borrow and do not necessarily have to live together in an apartment. It is also possible to guarantee a loan for marginally employed applicants, but is less popular with financial institutions than taking out a loan with a co-applicant. The reason for this is that the legislator places high demands on the economic performance of the guarantor for an effective guarantee.
The sole borrowing by the marginally employed
The simplest loan for marginally employed people is the agreement of payment in installments in the mail order business or in brick-and-mortar stores. In this case, the dealers only inquire about the employment relationship or the income of their customers if the order amounts are unusually high. If marginally employed workers receive additional income from other sources, it is advisable to take out a loan without proof of salary, as this avoids differences between the borrower and the financial institution on the question of which income components are to be included in the household account.
In any case, the bank customer pays attention to a sufficiently long loan term and correspondingly low monthly installments for a loan for marginally employed persons, so that he can transfer the installments punctually even in the event of a temporary loss of individual income components. Top-ups also have the option of applying for an interest-free loan for marginally employed people at the job center, provided they use the money for urgently needed purchases.