Mini-job is not just a slang term for marginal employment. Mini jobs may not be associated with a monthly wage of more than 450 USD, exceptions apply to short-term activities. Many mini-jobbers work marginally alongside their main salary improvement job.
In addition, mostly household leading partners often have a mini job. A marginal employment as the sole source of work is almost impossible, since the money from it is hardly sufficient for a living. This also means that the minimum contribution for statutory health insurance is more than one hundred USD per month and must be paid by mini jobbers alone, except for existing family insurance. Co-insurance existing through the spouse is retained despite the income from the mini-job, as this does not exceed the exemption limit. The form in which employees can take out a loan with a mini-job depends on their personal work situation.
Bank loan with mini job as an additional source of income
The easiest way to get a loan from traditional commercial banks is to use the mini job if it is used to supplement the income earned from the main job. In this case, the employee chooses a contract partner with an additional mini-job, whose budget not only includes the main income, but also the additional earnings from the mini-job. This is handled differently by banks, in part they generally only consider the main income.
When calculating the overdraft facility, on the other hand, most giro banks count all non-cash receipts, so that the mini job that is carried out on the side increases the available amount. When applying for a loan without proof of salary, the loan seeker can of course add up all of the income components and thus also the income from the mini-job. Direct banks sometimes refrain from submitting income receipts for instant loans, as they cannot check the documents submitted due to the promised quick processing anyway.
Bank loan with mini job as the only own source of income
Those who have no other source of income besides the mini job usually live with a partner or as a young person with their parents. Students also partly receive income from a part-time job, but they can apply for a student loan from Best Bank without special requirements. Some mini-jobbers receive Hartz IV benefits as an increase because they live alone and with the exception of marginal employment have not found a job. People living with their partner can best apply for a loan with the mini job together with them. If their earnings are sufficiently high, borrowing with two people is also possible with marginal employment.
In the case of married mini-jobbers, some financial institutions consider the household income and not the personal earnings of the applicant as decisive, so that a loan with a mini-job can also be taken out alone. This procedure is based on the general co-responsibility of the spouse for borrowing to finance married life. The lender’s risk in this case is that he is not sure whether the mini-job loan is actually intended for the couple to live together. Credit service providers often promise to be able to arrange a loan with a mini job. If you are reputable and do not require any upfront costs, it makes sense to commission them, as banks preferentially treat inquiries from credit intermediaries thanks to the bundled buying power.
Alternatives to bank loans with mini-jobs
When ordering from a mail order company, in most cases you can take out a loan with a mini job in the form of an installment payment. This possibility is not least due to the unusual demand for income or employment in trade. This usually only happens for large amounts. Customers with mini-jobs make sure that they only conclude as many installment payment contracts as they can pay with their income. Recipients of Hartz IV benefits as top-up have the easiest access to a loan for a mini-jobber. The only requirement is that you need the money for a purchase that is recognized as mandatory.
In this case, you can apply for an interest-free loan through the responsible job center, which is offset in small installments against the following payments. A private loan with a mini job is available to all marginally employed people. Such an application can be made via an internet platform for private loan brokerage, whereby detailed information on the personal income situation and the intended use is required.
It is necessary to state the purpose of the loan because the planned use of funds and social considerations are the main decision criteria for private lenders. They draw credit inquiries if they can understand the reason for the borrowing and the loan seeker also belongs to a group whose members are largely rejected by conventional banks as loan customers. Depending on the amount of the loan required, the loan request from a mini-jobber is drawn up by one or more private lenders.