It is often not easy for pensioners to get a loan. This is not due to income, but to age. The banks see a certain risk, which is actually unfounded. Nevertheless, it is not hopeless to apply for a loan despite a pension if the framework conditions are right.
Many pensioners can look forward to a high monthly pension. The former civil servants see themselves even better, because the public service still has an additional insurance. Those who fall into this group of people will have no problem with a loan approval. But employees who have worked in the private sector can also apply for a loan for a corresponding pension. In this case, it is worth taking out residual debt insurance so that relatives do not have to pay for the loan in the event of death. In the event of death, this will repay the loan.
A loan despite a pension can also be realized if the banks reject it. Most retirees have their overdraft facilities in their checking accounts, which can be used for such purposes. Consultation with the bank is not necessary. The Internet offers further possibilities. A personal loan is often the solution. Smava (Link: www.smava.de) and Auxmoney are the best-known Internet portals of this kind.
If the desired loan amount is not so high, an inquiry can be useful. It is interesting that the borrower determines the interest rate. To get a loan, many loan seekers therefore offer significantly higher interest rates as an incentive so that a loan request is also fulfilled. This is where the money lures and ultimately the financiers benefit, because Smava and Auxmoney are also marketplaces for investors who expect higher returns here.
If all options were hopeless, there are internet banks that specifically advertise a loan despite a pension. However, high loan amounts should not be expected. As a rule, around 3,000 dollars are distributed as a loan amount. So you want to minimize the risk of failure. In any case, it is also worth taking a look at the Internet.