Loans for retirees: here are the best ones
One of the groups at risk in this challenging economic climate is pensioners . We’re increasingly dealing with older people who can’t get a loan or financing.
Loans for retirees: here are the best ones
First, we selected the best personal loans , a series of products we believe to be truly convenient. You should know that a pensioner is an excellent credit customer for a bank, as their income is paid by INPS.
For this reason, many banks offer particularly advantageous conditions for retirees. Below are the best loans selected for you :
Intesa Sanpaolo : Italy’s leading credit institution offers loans of up to €75,000, repayable in up to 120 monthly installments. Installments can range from a minimum of €80 to a maximum of one-fifth of the pension. As required by current legislation, Intesa Sanpaolo’s pension loan is protected by insurance and can only be granted to seniors who will not turn 85 before the loan expires.
Pension Loan (Quinto Più ): This loan offered by Unicredit is essentially a pension-secured loan, which allows you to obtain up to €69,000, repayable in 120 monthly installments. This loan is also unsecured, so you don’t need to justify or justify your request.
BNL Pensioners’ Loan : BNL’s is the only loan among those we analyzed that offers a maximum disbursable capital of €90,000. The bank has an agreement with the social security institution, and for this reason, interest rates are particularly advantageous (often below 8%).
Loans for protested elderly people
Many write to us asking how they can access credit despite having a protest or a CRIF report. Retirees face no major problems because they can apply for a pension loan.
Pension loan financing is very attractive because it allows you to obtain a very affordable loan very quickly. The bank has nothing to worry about because the INPS will pay the installments directly.
Essentially, the pension loan works like a salary loan, allowing pensioners with bad credit or those with bad credit records to still access credit. In short, they’re a type of loan for pensioners with bad credit .
It should be emphasized that this tool offers, among other things, the possibility of obtaining financing at very convenient interest rates when compared to standard personal loans.
Small loans for retirees
Today, there are an increasing number of seniors who, for one reason or another, do not receive a retirement pension or are receiving the minimum. They too have access to credit. The solution is small personal loans, which can be obtained up to €1,500, even without collateral.
These are very small loans offered by banks and financial institutions at very high interest rates. While not advantageous for some, they may be the only way to access credit and, therefore, should be considered.
But how can you get one?
We recommend getting a few quotes from major financial institutions through a local search, but also online. Numerous search engines specifically designed to classify loans offered by banks and financial institutions are available online. You can then try applying at your local bank (the one where you have your current account), presenting the quotes you’ve received, and hoping for slightly more favorable terms.
Another solution could be to contact a financial advisor who, for a small fee, would take care of all the paperwork related to managing, creating, and presenting your application.
In the latter case, a preferential channel could be used, as the consultant would know which banks to submit our loan application to and which ones to reject out of hand, thus avoiding unnecessary and annoying waste of time and money.