Is it possible to take out a loan after the first month of work? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is it possible to take out a loan after the first month of work?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Obtaining a loan after your first month of work is possible in some programs, but it's not a rule.

Many banks require a minimum length of service or continued employment with the same employer, and the requirements may differ if the company is part of an approved payroll system.

Ask the bank about the minimum length of service before applying, as submitting multiple applications randomly without meeting the requirements is not beneficial.

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