Swiss credit for pensioners – serious loan even in old age!
Even in old age you have desires and dreams that you still want to fulfill. After a long professional life begins a new phase of life, in which one wants to use the free time for hobbies and travel. If you just want to indulge in something luxurious, you can do it with a Swiss loan for retirees.
Due to the aging society and the increasing number of pensioners, the demand for a so-called pensioner loan increases. Those who have an urgent need for financing and who are rejected by their bank because of their age or who do not want to go to their savings can immediately meet their financing requirements with a Swiss loan without having to wait long.
Unfortunately, when assessing the risks of lending, most retirees often have poor prospects of obtaining a loan from the banks.
From the age of 65, banks like to say NO to a loan application from retirees, as they are worried that the claimant might die before the loan expires, or get ill, or that the funds may not be enough to repay.
Our partners are much more generous and open in terms of lending to retirees and retirees. Important is only the sufficient amount of the monthly pension or pension. Just ask for a free and non-binding loan offer.
Swiss credit for pensioners if the house bank refuses again and again
Are you extremely disappointed with the banks and savings banks in Germany, as they do not lend to people over a certain age? To find a loan for retirees, retirees and seniors seems almost hopeless.
Unfortunately, nowadays, the age of fifty-eight is now over and done with, and the bank has no interest in lending. Of course, this is not communicated directly to the outside, but many banks have internal procurement guidelines. Allegedly, according to the credit companies, the credit default risk of older applicants is much too high. The borrower could die before repayment of the loan amount or stop paying the monthly installments. Here, however, the opposite is the case.
With age, borrowers feel morally obliged to comply with agreements. Therefore, there is a high willingness to properly pay off the loan taken.
Older people just have a different understanding of keeping to agreements and contracts. Young people and young people do not often worry about the financial burdens that come with a loan.
Is there even a quick loan for retirees?
Already from the age of 60, it can be problematic to get a loan quickly, because a special pensioner loan is not offered directly. But there are more and more credit providers and financial service providers where retirees are welcome applicants.
Loans for seniors are always awarded if the term is not too long and the income, ie the pension or the pension, is available in sufficient amount. By regularly receiving these payments, retirees have good conditions for a senior loan.
Who awards a loan for retirees?
Here are some ways you can actually get a loan for retirees and seniors even in old age. We have found the perfect partner who also has special senior loans on offer. The latter appreciates the willingness to pay and the loyalty of senior citizens and therefore also has loan offers for these persons in their portfolio.
A loan for pensioners of Maxcredit or Credit-mono is therefore the opportunity to finally be able to do without your own bank. This credit broker has discovered the potential of older borrowers and therefore supports the financing requirements even in old age.
Why apply for a Swiss loan as a retiree?
There are a lot of loans today. Each bank offers a variety of loans for all sorts of claims and groups of people at a variety of imaginable conditions.
For example, for many years, banks have been offering loans to cars that have special maturities and interest rates, making them particularly lucrative for any income group, both low income and high earners.
Then there are still construction loans, which usually have extremely long terms, often even over 30 years and which are tied to very favorable terms and a low interest rate.
If you want to believe the advertising, every consumer can today receive an instant loan in any amount at the best interest rates and conditions. A credit provider advertises even with negative interest, if you put there a loan application.
The offers of the banks and credit comparisons, however, are rather nicely presented effective interest rates, which in almost all cases are not available at all.
Why do retirees have problems borrowing?
Most of the above loans are only given to people who are still working and are not yet retired. And then there is the Swiss loan, which is now also available for pensioners, pensioners and seniors.
The variety of loans is extremely helpful as loans can be tailored to any situation and take into account any parameters individually to be perfectly tailored to a client.
But it is not so easy to get a loan in Germany, as you may have guessed. You need a sufficient income, which is above the so-called seizure limit, plus some collateral, ideally real estate in the form of a house, apartment or land and possibly even deposits on a savings account.
Retirees are additionally dependent on having a certain monthly pension or pension in sufficient amount. Even then, retirees are still not the kind of customers to whom ordinary banks like to lend money.
All this serves the bank as a so-called guarantee, so as a guarantee that in an emergency, these values can be sold, so that the bank gets your money back. In addition to these aspects, the creditworthiness is particularly important, which is determined by the credit bureau information and indicates the creditworthiness of a person.
Age as a hindrance to a loan
Likewise, you should not disregard the age of a person who wants to take out a loan. The younger you are, the easier you get a loan approved. For people at a young age are seen as more flexible in the eyes of the banks.
This means that in an emergency, you can also increase your earnings through overtime or second jobs, making it easier to adjust to rising credit rates than seniors.
For example, a retiree in Germany is finding it difficult to obtain a loan since, firstly, he is already at an advanced age, and the risk of death during the loan is assessed as extremely high.
Second, because he can not adapt to possibly rising credit rates, for example, by a side job, and thus cover these additional costs.
Credit for the elderly over 70 years
In Germany, there are over 12 million people who are 70 or older. Without special loans for pensioners, about 15% of Germans would be excluded from borrowing.
Unfortunately, many banks have not yet realized that the population is getting older, but life expectancy is increasing at the same time. For many banks, there is still an internal age limit of 65 or even lower, even if this is not communicated to the outside world.
A rejection because of age is almost always the reason why you do not get a loan approved. Since you can still have such a good credit rating and be absolutely creditworthy.
Fortunately, as mentioned above, there is the pensioner loan from Maxcredit at fair interest and favorable conditions. Here it has been recognized that an age limit is no longer the current state of the time. Thanks to the ever-increasing life expectancy, retirees can easily serve loans even in advanced age.
Swiss credit for pensioners from abroad
Pensioners receive money from a foreign bank with a Swiss loan. A Swiss loan is a loan that is usually, but not exclusively, granted by a bank based in Switzerland to a resident of Germany.
The whole thing without a credit bureau information and looser conditions than in Germany. The maximum loan amount of a Swiss loan is 7500,00 USD and the maximum term is 40 months. Swiss loans are therefore usually paid off faster and therefore also easily possible for pensioners, provided the financial conditions are right.
So if your bank says no to the loan, you, as a retiree, can apply for a loan through Maxcredit. We inform you on our special page about everything you need to know about Swiss credit.
Requirements for a retiree loan
- The place of residence, ie the first residence, must be located in Germany.
- An account in Germany must be proven for the authorization.
- The income in the form of pension or pension must be high enough for a pensioner loan.
- The creditworthiness (credit rating) must be sufficiently high and is determined by a credit bureau examination.
- Of course, the question of age is redundant with pensioner loans.
The loan application is conveniently online via a very clear comparison computer. There you can submit a loan request free of charge and without obligation. Everything is done via a secure Internet connection and is also done for laymen less than 5 minutes.
If you have found the best loan offer, you can conclude it directly online. Due to the possibility to upload the required documents directly from Creditend, the credit application will be checked on the same day.
With digital signature and video ident you do not have to leave the house. This is very convenient and makes it possible to grant the required amount as instant loan for pensioners. All this shows that between application and payment no more than 48 hours have to pass.
So the senior loans are even cheaper
If an exact purpose is given, then the already very cheap loans are still a bit cheaper. The credit default risk can be reduced enormously when buying a car or property, since these financing items can be deposited as collateral.
A low risk for the banks always means benefits in the form of low monthly interest rates.
Which requirements and documents are required for a credit inquiry?
Whether normal credit or personal loan, the required conditions and documents to submit are almost always the same. In Germany, loans are only granted to persons resident in Germany. A minimum age of 18 years (of age) must be given.
In order to provide the proof, a valid identity card must be present. You also need this to be able to legitimize yourself at the post office. At documents you should have the account statements of the last 3 months at hand and also the last pension notice.
In addition, all evidence of existing collateral such as a land register entry, car letters from existing vehicles, life insurance, Berafund or other valuables.
Conclusion to the credit for pensioners
Whether you opt for a Swiss loan or a loan for older people from Credit-mono, you are more likely to get a loan here than from your conservative house bank.
As the loan applications for Credit-mono are free and non-binding, you can start an inquiry right now. We wish you much success and have fun with your new loan.