A new job brings with it whole lot of excitement as well as nervousness. You spend sleepless night before your first day thinking about the interiors of your new office, your boss and your colleagues. You paint a picture of how it could be, or rather how it should be. It is difficult to adjust in a new job too, because all other people have already adapted to that environment and you’re a newbie. People would look at you as an alien with some friendly giggles and glares as well.
A new job might be bringing in more money for you, but it could be harmful for your credit report. Most of the banks do not grant home or personal loans to people who are new on their jobs. And most of the times, people are hired on probationary basis when they are new to an office. Well, for such people there is a provision of probationary loan.
Banks provide probationary loans to those who are hired at probationary basis by their employers. For availing probationary loan, one has to prove to the bank that he/she has good amount of experience in the field he/she is working in, or has a small duration probationary period or any other means to ensure that he/she would be able to pay off the loan.
One can also take the help of mortgage agents or brokers who can suggest good ideas about how a newbie can prove his/her credibility to the mortgage lender. They have considerable amount of knowledge about this field and can guide you through the whole process.