According to INSEE, a young worker is a person in a situation of professional activity or active job search, aged between 25 and 39 years. Many young people are active in completing their studies and wanting to carry out personal projects. Not allocated to a particular expense and flexible enough, the personal loan appears as the ideal solution. What is it really like and how to get a personal loan when you are young?
Young workers, a population with significant financial needs
Young workers have a personal situation that stands out for the significant financial need. Indeed, although they gain their independence through their first job and leave the bench of studies, the beginning of any career is not necessarily marked by a significant salary.
However, this sometimes relatively low salary is not always enough to cover the necessary expenses and even less important investments to carry out personal projects . This may include financing computer equipment, buying a car, a wedding or a trip.
Financial support from parents is often insufficient to meet these financial needs. The personal loan is then the best solution to cover these one-time expenses because it allows them to embark on life in peace.
Young workers, a class of privileged borrowers
Many banks offer particularly advantageous conditions to young people. Indeed, they know that this category of borrowers is full of future and promises.
In accessing their first job, young workers typically earn a stable income (especially if it is an open-ended contract), although it may not be enough to cover all expenses. In addition, young workers leave their student life to have more important personal projects.
The bank is therefore positioned as a privileged interlocutor to allow young workers to benefit from a personal loan of up to € 75,000, over a shorter or longer period depending on the financial situation of the borrower . Banks are trying to capture this customer base that starts on the credit market.
The advantages of a personal loan for young people
Like the personal loan for students or retirees , that for young workers has significant benefits. First, this credit takes into consideration the personal situation of these young professionals who are starting in the professional world.
Thus, the personal loan allows young workers to finance their important expenses, like the purchase of a car while enjoying an attractive annual percentage rate (about 1% according to the banks).
The personal loan also allows young workers to more easily manage the cost of their credit through fixed monthly payments while being able to pay off the loan early without having to pay fees.
Today, personal loans offered to young workers can also include deferred reimbursement , as is the case for students or people looking for work . To find your personal loan, do not hesitate to make a credit simulation directly online.