Banking companies are considering different categories of borrowers. Most organizations form offers for people under the retirement age. This is due to the fact that such borrowers are the most solvent, respectively, financing such clients is safer for the bank. But any borrower is first and foremost a profit for a banking organization. Therefore, a number of financial institutions are ready to lend to pensioners. In this article, we consider which commercial banks give loans to pensioners, what is required for processing and where is the most advantageous offer.
What are the risks of banks
The risk of the bank is that the money may not be returned. Pensions in Russia leave much to be desired, so the solvency of such borrowers is questioned. And, moreover, the older the potential client, the more likely the situation is fatal.
In this variant, obligations are transferred to the heirs by law or by will, which in any case requires additional agreements and a separate burden on the bank. A more favorable condition for issuing a loan is the fact that an elderly borrower has, in addition to a pension, a formal place of work.
In this situation, the contract is made even on more favorable terms and at a small percentage, since the pension is considered as an additional source of income. But where can a non-working pensioner get a loan? There are lending companies that are ready to issue a cash loan without refusal and for this category of citizens. We will tell about these banking organizations below.
Do they give loans to pensioners
A pensioner is a person who has a permanent source of income, guaranteed by the state. Moreover, as a rule, the costs of such people are somewhat lower than those of the working population. This is due to the fact that the pensioner has his own residential property, and the demands are somewhat lower than those of young people.
Accordingly, banking companies may receive in the face of an elderly, even unemployed, retired additional income. Only need to protect themselves from the fact that money can not be returned.
Therefore, the most frequent condition is the existence of an insurance contract. The bank, offering a loan, has no right to impose an insurance product. But they also refuse to lend more often to those clients who intend to receive financing without insurance.
The most frequent type of insurance in such cases is life and health insurance. Older people tend to have a variety of diseases, acquired over a long period of life. Therefore, in the event of unforeseen circumstances for health reasons, for example, the onset of disability or death, the bank will in any case return the money. Only the payment will be made not by the client, but by the insurer.
Therefore, in such circumstances, the question: is it possible to take a loan to an unemployed pensioner, for the bank is affirmative. But companies set certain age limits. Consumer lending, which is not designed for a long period, will be considered in a positive way, but long-term mortgage agreements are hardly available for this category of citizens.
How to increase the chances of getting a loan
Banks always rely on statistics and financial documents. “Dry numbers” and official information are key to deciding on the possibility of lending. The greatest chances for approval from the bank are those borrowers who have a good credit history.
Banking company specialists pay special attention to the last 6 payments. Therefore, if you are interested in a large amount of financing, but the bank refuses, then there is an option to issue a smaller loan for six months and repay it according to the schedule.
After that, you can re-send the application. Attention is also paid to solvency. The greater the borrower’s income, the more the financial institution will count on cooperation.
The loan to the pensioner is more likely to be approved if the borrower provides a package of documents confirming the amount of the pension and all additional income. An able-bodied client will need a certificate in form 2-NDFL. Next, consider where you can get a loan in cash to pensioners.
What banks give loans to pensioners
Many banking companies develop loan products for retirees. This means that in their conditions for issuing loans, information is laid on the extended age of the client.
How to get a loan to a pensioner
To take a cash loan to a working pensioner, or to those older people who are not employed, you must first send a statement. The rest of the procedure for processing the transaction is no different from the standard lending. The procedure may be as follows:
- Find a bank that is ready to lend to retirees.
- Clarify information on the conditions and list of documents.
- Make a request through the website or in the department.
- Wait for a positive response.
- Head to the office to sign documents.
Lending is a reliable way to get money to resolve your own issues. Banks offer loans including retirees. And the main requirement is the presence of a positive credit history and profitability sufficient to pay off monthly payments. Typically, the amount that is credited monthly to the customer’s account should be double what the estimated monthly installment.