Available credit for pregnant women.
The loan for pregnant women does not have to be a separate topic at all. Today, many loan seekers apply for their loan directly online, so that no one can see whether the woman who is currently applying for a loan is pregnant.
In the self-disclosure form, which every loan applicant must fill in in advance, the question of an existing pregnancy is not asked. It is up to each woman to decide whether to take out a loan when she is pregnant or not. In any case, as far as we know, there is no special loan for pregnant women, which requires the applicant to be pregnant.
Possible problems with loans during pregnancy
A loan for pregnant women can, but does not have to be, a problem. The pregnancy is followed by the birth of the child. This is followed by maternity leave and parental leave. At this stage, the woman’s income changes to be slightly less. Women who earn well are able to service the loan even after the birth of a child. If women know that they can also afford the loan, they can and should of course take out a loan whenever they like – even during pregnancy.
On the contrary – it is, in a way, even predictive to take out a loan during pregnancy, because banks can issue it without any problems despite having a good credit rating. The whole thing becomes a little more difficult when the child is born and the young mother is on parental leave. Now there is no income because the parental allowance is not counted as attachable income by the banks, no matter how high it is.
For this reason, the considerations regarding credit for pregnant women should take into account the fact that a narrower budget will have to suffice in the future, even though there has been an increase. Women who always make responsible decisions can hardly choose a better time than pregnancy if they need a loan beforehand. After giving birth, during parental leave, it is much more difficult to get a loan. Parental allowance is only a temporary wage replacement benefit.
How banks check the creditworthiness of loan applicants
In order to check the creditworthiness of the loan seekers, banks obtain information from their Credit Bureau. They also prepare a household bill to determine the freely disposable income and also use an internal bank scoring process to better assess the credit default risk. Banks use the credit check to determine whether the loan applicants are economically able to service the loan applied for. If sufficient income is achieved, the chances of getting a loan are relatively good, even if the Credit Bureau information is clean. Whether a woman is pregnant or not is basically irrelevant in the credit check.
Pregnancy is only significant insofar as it is possible that after the birth the freely disposable income is so low that it is not enough to pay the installments. A child in the household inevitably causes higher costs that cannot be covered by child benefit alone. You also have to be able to afford a child.
The pregnant woman is responsible for making these and other considerations. If we assume that pregnant women use their financial resources responsibly, a loan for pregnant women can actually not be a problem. The rate to be paid for the loan is certainly calculated beforehand. Another situation arises when women who are not working are pregnant. Of course, they would not get a loan for pregnant women. But it doesn’t really matter whether you are pregnant or not. Those who do not have their own income must be able to provide other collateral.
Women without their own attachable income generally need a guarantor. There are no housewife loans. Pregnant women with no income should always make their loan together with their partner or husband in order to have a chance of approval.