Currently, many commercial banks provide such a service as lending to retirees. This category of clients, as practice shows, refers to reliable and conscientious borrowers, usually they are responsible for their obligations.
Instructions
Step 1
The procedure for granting a loan to retirees is similar to the procedure for considering and issuing a consumer loan. As a rule, this type of loan requires a solvent guarantor who is not of retirement age. Sometimes banks require additional life insurance for the future borrower.
Step 2
Most often, when providing "Pension Credit", banks offer to transfer to them the pension of the future client. This way they avoid the risk of non-payment, since the repayment usually takes place on schedule by writing off the monthly amount from the deposit. That is, the collateral for the loan, in addition to surety and insurance, or instead of them, is the pledge of the borrower's pension.
Step 3
When contacting a pensioner's bank, the credit inspector must explain to him all the conditions for granting a loan, tell about the available commissions and interest rates, and the procedure for repaying the debt. As a rule, interest rates on loans for retirees are 2-3 percentage points lower than consumer loans.
Step 4
The maximum loan amount will depend on the size of the future client's pension. In most banks, it does not exceed 100 thousand rubles and is issued for a period of up to 3 years. To obtain a loan, the borrower must submit a package of documents to the bank, which must include a copy of the passport, a certificate of the amount of pension issued by the Pension Fund unit at the place of residence, as well as a copy of the pension certificate. In some cases, the bank also requires other documents related to the identity and solvency of the guarantor, pledge, insurance.
Step 5
The borrower's age will also play a role in the granting of a loan. As a rule, it is issued to people who have reached retirement age or whose pension has been assigned ahead of schedule. The maximum age of the client at the time of the expiration of the loan agreement should not exceed 75 years.
