LOAN FOR PART-TIME JOB WORKER

LOAN FOR PART-TIME JOB WORKER

FINANCING FOR PART-TIME EMPLOYMENT LOAN FOR PART-TIME JOB WORKER FUNDING FOR TEMPORARY WORKER

A loan for part-time job worker is by definition a funding solution for a borrower who works fewer hours per workweek and is not employed on full-time basis and is considered to be part-time employee by banks and lenders as his or her activities are fewer than 30 hours per week.

A loan for a part-time job worker consists of a financing facility granted by a bank or a financial institution intended to meet the financing needs of a person who works for only part of each day or week.

Financing on a part-time job basis has always been a big obstacle and has never been obvious given the lack of guarantees ensuring regular long-term income, as is the case with non-full-time employment contracts.

A funding facility for a part-time jobber made banks hesitant with people who are waiting for a sustainable job offer, however these days, it's easier to get financing for part-time workers if they meet a couple of conditions when applying for a loan.

A part-time job has always been considered risky for lending organizations which, when studying the credit file, saw the temporary professional situation as an unforeseeable financial precariousness in terms of risks.

Part-time employment loans were previously complex to approve due to the lack of medium and long-term stability of the income generated by the temporary assignments of a loan applicant.

Typically for this type o financing, it was possible to obtain a loan from a bank or a loan broker as long as the loan repayment period was shorter than the duration of the worker's assignment.

WHY WAS A PART-TIME JOB PREVIOUSLY REFUSED?

A part-time job loan has always been a problem for a lender for the following reasons:

  • Often precarious income.

  • Work contract limited in time.

  • No job protection.

  • Lack of long-term commitment from the employer to the part-time jobber in comparison to a permanent contract.

WHY IS A PART-TIME CONTRACT NO LONGER A PROBLEM FOR LENDERS NOWADAYS?

Loans for a part-time worker has recently taken another turn in the assessment of this risk from the side of banks and lending organizations:

  • Part-time work assignments are no longer precarious as they used to be.

  • Part-time jobs are often a personal choice as workers wish to retain some professional freedom.

  • Many promising and stable sectors in the future only offer part-time jobs that follow one another over long periods (ICT, engineering, computer networks, developers).

TYPES OF PART-TIME JOB LOANS

There are many types of financing available today for part-time workers:

  • Personal loan for part-time worker.

  • Mortgage or home loan with part-time job.

  • Car loan.

  • Leasing for part-time jobber.

WHY A LOAN WITHOUT VERIFICATION?

The reason for the success of loans without verifying the borrower is justified by many reasons related to the personal and financial situation of the loan applicant:

  • Desire to receive money very quickly without having to go through heavy administrative procedures.

  • Wish to cover up serious financial problems or negative historical history.

  • Find a different source of borrowing than that of his usual bank with which there is a dispute.

HOT TO GET A BANK LOAN APPROVAL ON PART-TIME JOB BASIS?

The conditions for easily obtaining a loan for a partial worker are as follows:

  • Have worked a minimum of hours per month.

  • During the last 12 months have had a minimum monthly income without interruption.

  • The advantage is granted to the person who has worked in the same company or at least to have practiced the same job or in the same economic sector as a sign of professional stability.