A driving license is important, is usually made at a very young age and is expensive. Especially after leaving school, if you do not have your own income, it can be difficult to find the money you need. If the parents or grandparents are not financially able to assist in this project either, only one loan can be considered.
Many banks now offer so-called micro-loans. With them, the loan amount is flexible, the installments are low and the terms also adapt to the financial possibilities of each individual. As with other loans, there should be a positive private credit statement and a (expected) regular income. A loan for the driver’s license can be applied not only at the bank, but also online. If no own income is available, parents, grandparents or siblings can join in as co-applicants. Without a co-applicant or guarantor, a license for the driver’s license may be denied. But you should not be discouraged and ask the application to another provider. The granting of such loans is decided individually and is not tied to any fixed conditions.
There are several alternatives to a driver’s license. One possibility is to arrange a payment in installments with the driving school. Many driving schools offer financing models that allow the learner to make the driver’s license without major interruptions. If the driving license is required for the job, or for reaching the job at all, you can ask the employer to contribute to the cost.
If this is not possible, a wage prepayment can be made in the appropriate amount, which is then paid back in monthly installments. If this is also not possible, an application can be made to the employment office. The offices are interested in getting as many young people as possible into a job. Therefore, there is a chance to get help from there.
A life without a license is hardly conceivable. One is much more flexible in the choice of his place of residence and his job. Even offices, banks and driving schools know this problem and have adjusted to it. So many jobs offer help to complete the driver training at a reasonable price. It is therefore not an insoluble problem to get a loan for the driver’s license. It may be necessary to search a bit for the optimal offer, but with some patience this search will be crowned with success.