To reply to your query about can we take loan during probation period, the answer is Yes. You can sometimes take a personal loan during your probation period. But it’s not easy, and approval depends heavily on the lender’s policies and how you position your application.
Lenders view employees on probation as less stable, as their job isn’t fully confirmed yet. Many banks prefer you to have worked 6 to 12 months at your current job.
Without a long track record at your current company, a strong credit history becomes critical.
If you just joined, you may not have several months of salary slips or bank statements to show.
A few NBFCs or newer lenders may approve you even if you’ve been employed for less than three months, so long as your credit score is good and your income is verifiable. Applying for a relatively low loan amount can improve your chances.
If you have good credit, low debt, and some savings or assets, you’re more likely to be seen as creditworthy. Having someone else guarantee the loan can help mitigate the risk for the lender.
Be honest about your probation status when applying. Hiding it could lead to problems later. Provide recent salary credits or other income proof to demonstrate you're likely to repay.
Some lenders may offer pre-approved or conditional loans once you pass probation. If you have credit cards or small past loans, pay them on time to boost your creditworthiness. If approved, try to negotiate a smaller loan amount or a longer tenure to make EMIs manageable.
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Can We Take Loan During Probation Period?
priya
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2025-11-20T09:50:29+00:00 2025-11-20T09:50:51+00:00Comment
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