lending pensioners

lending pensioners – If youth loan – this is the usual way to solve the pressing problems that the older generation for life in debt for a long time considered to be completely unacceptable . However, not only psychological barriers in the way of seniors who want to improve their own financial situation with the help of a loan. Banks also in no hurry to issue loans to customers who have reached retirement age. For workers credit departments main concern – is the timely return of loan funds , and the fact that a person is under the age raises serious concerns regarding its financial capabilities.

However, experience has shown the opposite. Despite his age and sickness , limited capacity in terms of earnings and other nuances , elderly borrowers demonstrate the seriousness and responsibility. They not only to repay the assumed debt , but do so in strict accordance with the payment schedule, which does not always adhere to young borrowers .

Despite the fact that today the pensioner is a very real possibility to issue the credit to his name, the most significant constraint on this path becomes his age . The current practice to date has established a maximum age limit at 75 years. No, at this age pensioner is absolutely devoid of any opportunities for lending , moreover , it is to seventy-five years, he should have time to fully pay all loans. Consequently, at the age of seventy years you can still try to get credit for a period of five years.

However, the age requirement is not limited to lending to pensioners . Another precondition – this insurance. In order to insure the life and health, the pensioner will have to undergo a full medical examination in the clinic . Dimensions of the premium will depend on the number and severity of the disease to be identified in the survey.

Another condition that push banks concern either collateral or guarantor. Choice can make himself a loan applicant . However, for some retirees banks do make exceptions . For example, if a pensioner works receives a salary and a pension in the bank itself , and is deemed reliable customer loan officer can go to meet him, and not only do not require collateral, but also reduce the interest rate on the loan.

In order to be considered reliable customer , you must have a positive credit history . If the client has repeatedly used this credit services or other banks , not delaying payments and had no penalties , it is sure to be recognized as a reliable and are entitled to certain benefits . Reliability client , even if he has long reached retirement age , increases when it is decorated in its own name in the bank deposit . By the way, this deposit is quite suitable for the role of collateral for a new loan .

Having some experience in lending retirees , assessing the profitability of this activity , some banks have moved along the path of increasing the age limit . Today , you can find banks , in which the upper age limit to 85 years moved . In fact, lending to pensioners , banks nothing so special are not at risk . Not only insurance designed to pay off the debts of the customer data in the event of sudden death, but also the laws according to which not only goes to the heirs of movable and immovable property , but also debts relative who died .

However , banks are not the only source of credit for seniors . An alternative , albeit very expensive option would be the MFI . If owned by the current pensioner who is in severe and urgent need for money , there are some valuable things , he might carry them to the pawnshop . And if there is an urgent need to buy any appliance, or the novelty of electronic equipment, you can get a POS- loan directly in the store. The main thing that a decision on the loan was not of spontaneous and followed a period of serious reflection and long enough , and carefully read the loan agreement before signing it does not need to a lesser extent.