With many banks, respect for age is quickly forgotten when it comes to granting a loan to retirees. Pensioners – or pensioners – also have a regular income. However, this income is valued far worse than an income from an employment that is subject to social security, which is also secured by permanent employment. In addition, many banks rate the age of retirees as critical. After all, who can guarantee that the pensioner will experience the end of the loan installments? Objections that are actually unworthy in our day and the possibility of securing a loan.
A loan for retirees – where is this possible?
But there are also banks that are far more open to a loan for retirees. Today’s pensioners are dealing with a strong group of buyers who are firmly established in life and enjoy it to the fullest.
For this reason, a look at the Internet is usually enough to find a bank that grants a loan to retirees. The Good Bank is at the forefront here, which advertises its products preferably on radio and television and offers attractive conditions for such a loan. Depending on their age, financial income and guarantees, pensioners can take out a loan of up to USD 75,000 here. Agree Bank grants pensioners an even larger credit line. Up to 250,000 USD are available here for solvent rents and granted under certain conditions.
Conditions for a loan for pensioners
The conditions for a loan for pensioners are very similar to the conditions for “normal” loans. A regular income – in this case, the pension – a credit rating and a good guarantee are basic prerequisites for the grant. In addition, some collateral in the form of real estate or valuables has a positive impact on the award. And the age of the borrower should still be under 75.
All in all, conditions that are easy to meet and that also allow retirees to take out a loan.