Loan for temporary workers with the chance of being taken on permanently: How to secure your financing online
10/07/2025
12
Minutes
Katrin Straub
Managing Director at nextsure
You work in temporary employment and need financing, but the banks are hesitating? A realistic chance of being taken on permanently is your strongest argument for loan approval. This article shows you in three steps how to prove your creditworthiness and convince banks.
The topic in brief and concise terms
A written confirmation of permanent employment from the employer is the most important factor in obtaining a loan as a temporary worker.
Optimising your own creditworthiness through a clean SCHUFA record and clear household budgeting is essential.
A second borrower or a guarantor can significantly improve the chances of getting a loan and lower the interest rate.
Understanding the situation for temporary workers at banks
Banks often assess loan applications from temporary workers with increased caution, as the income is considered less secure. A fixed-term contract signals a potential end to the income stream after 18 months or less. Written confirmation from the employer of a chance of being taken on is therefore the most important factor. This document reduces the perceived risk for the bank many times over and opens doors. Without this evidence, many traditional institutions reject applications with a term that extends beyond the end of the contract outright. The right documentation is therefore the first step towards your financing.
Strengthen your creditworthiness as the key to loan approval in a targeted way
A clean credit profile is even more important for temporary workers than for permanent employees. Check your SCHUFA data at least once a year for incorrect entries that could lower your creditworthiness. A detailed household budget calculation for the loan application shows the bank your financial discipline and a surplus of often just 200 euros. Cancel unused accounts or credit cards, because even three such agreements can be viewed by banks as a risk. Keeping existing loans up to date and paying them on time improves your score and proves your reliability in dealing with financial obligations. These measures form the basis for successful negotiations with lenders.
Use the acceptance confirmation as a key argument
The promise of being taken on is your strongest argument and must be clearly documented. Ask your employer for a formal letter that includes at least three points. This document should state the planned date of permanent employment, the future position and the expected salary after being taken on. Such a letter can increase your chances of getting a loan by more than 50 per cent. It serves as proof to the bank of a long-term secure income and justifies a longer loan term. Without this document, your loan application is often limited to a Loan despite a fixed-term employment contract with a short term.
Required documents for a smooth application process
Careful preparation of your documents can speed up the review by up to three working days. Make sure you have all documents available digitally and in full before you submit the application:
Valid identity card or passport for identification.
The last three payslips from your temporary employment agency.
Bank statements for the last three months without any gaps.
Your current fixed-term employment contract.
The written confirmation of takeover from the borrowing company.
Proof of any other income or existing liabilities.
A current SCHUFA self-disclosure for your own review.
With these complete documents, you enable a fast online loan with instant approval and digital contract conclusion.
Use collateral to minimise risk and improve terms
Additional collateral can dispel the bank's final doubts and even reduce interest rates by up to two percentage points. The most effective method is a second borrower with a permanent employment contract and good creditworthiness. In this case, both parties are jointly and severally liable, which halves the bank's default risk. Another option is a guarantee, whereby a third person stands in for your instalments if you default. This option is often used within families and requires a high degree of trust. Such collateral is particularly helpful with financing despite poor creditworthiness.
Find specialist providers for a fair chance of securing credit
Not every bank finances temporary workers, even if there is a chance of being taken on permanently. Your own bank often rejects applications outright, as internal policies require this. Online lending platforms and specialised brokers are often the better choice here, as they work with more than 20 partner banks. These providers use more advanced scoring models that assess more than just your current employment status. A loan broker for difficult cases can significantly increase your chances of success, as they know the requirements of each bank very well. This also helps you find the right partner for niches such as a loan for part-time workers.
Our expert tip: Pay attention to the details in the loan agreement to save costs in the long term. Ideally, the term of the loan should not exceed the remaining term of your fixed-term contract, unless the takeover is contractually agreed. Many banks offer the option of free special repayments; use this option to pay off the loan more quickly after the takeover. Residual debt insurance is often offered, but it can make the loan up to 20 per cent more expensive and is really only necessary in rare cases. Compare the effective annual rate from at least three different providers before making a decision.
Request an individual risk analysis now: Have your insurance situation reviewed free of charge and receive specific optimisation suggestions.
More useful links
Statista offers an overview of temporary agency work in Germany, including statistics and studies.
The Federal Employment Agency provides a PDF document that analyses the current development of temporary agency work in Germany.
Statista presents a statistic on the transfer of temporary agency workers to client companies.
The Federal Employment Agency offers a navigation page on the topic of temporary agency work with various statistics and information.
The Bertelsmann Stiftung publishes a report that examines the extent to which temporary agency work contributes to a more permeable labour market.
The Federal Employment Agency provides comprehensive information for jobseekers on the topic of temporary agency work.
The Federal Statistical Office (Destatis) provides information on temporary agency work in the context of job quality.
A press release from the Federal Statistical Office (Destatis) addresses the topic of temporary agency work.
The Federal Statistical Office (Destatis) offers an article about agency work in Hesse.
FAQ
Does a takeover opportunity really improve my credit options?
Yes, significantly. A written confirmation of an imminent permanent position substantially reduces the bank’s credit default risk. It signals a long-term secured income, which is often the most important prerequisite for a positive lending decision.
What can I do if my loan application is still rejected?
First, check your SCHUFA report for errors. Then try specialised loan brokers, who often have more options. Alternatively, you can reduce the loan amount, shorten the term or add a second borrower with good creditworthiness.
Are the interest rates for temporary worker loans higher?
That is possible. Banks assess the risk of fixed-term contracts as higher and sometimes offset this with a slightly higher interest rate. However, with a confirmation of permanent employment and good creditworthiness, you can achieve terms close to the market average.
What role does the amount of my income from temporary work play?
Your income must be sufficient to comfortably cover the monthly loan instalment after deducting all fixed costs. Banks use a household budget calculation for this purpose. An income of at least 500 euros above the garnishment-free amount is often considered the minimum.
Can I also get a car loan as a temporary worker?
Yes, a car loan is often even easier to obtain than an unsecured instalment loan. The financed vehicle serves as additional security for the bank, which reduces the risk and improves the chances of approval.
Does a loan broker really help me?
A reputable credit broker can be very helpful. They know the market and the acceptance criteria of the various banks very well and can submit your application specifically where the chances of success are highest. This saves you several loan enquiries that could damage your creditworthiness.
