Retirees are one of the social categories that have so far been private by the possibility of earning money. In general, the vast majority of them were employed to get a retirement car loan , which is also one of the most used ways to borrow money today by pensioners in Romania.
However, in recent years, due to the launch of similar products by non-bank companies, it is now possible to obtain both online retirement loans and any type of retirement personal retirement needs . Go to the section on loans for people who benefit from pensions on our website and discover the most advantageous loans for those who enjoy retirement.
What are the credits for pensioners?
The category of retirement loans includes all those types of loans that are granted on a retirement pension and are addressed exclusively to pensioners (irrespective of the type of pension they receive). At present, pensioners in Romania receive pensions from the Romanian state (these are of a special nature and they are addressed to categories that have worked under special conditions, old-age pensions, early pensions, partially anticipated pensions, invalidity pensions, survivors’ pensions ) and private pensions (paid by companies to which optional contributions were made).
In order to obtain a retirement credit, a number of conditions must be fulfilled, both in the case of loans accessed from a non-banking company, and from banking institutions:
- Age – only persons 65 years of age (legal retirement age in Romania) or persons who, although not fulfilling this condition, are entitled to a pension (for example, for invalidity);
- The status of pensioner – this is evidenced by the pension scheme, which is also the justifying act that all companies that grant loans to retirees require;
- Citizenship and Residence – Only Romanian citizens or residents who meet the above conditions are accepted.
If you meet all these conditions then you can easily access retirement loans and you can enjoy the loan when you face various financial problems. Visit the retirement section of our site to learn more about how to get a very advantageous loan on the basis of your monthly pension.
What is the usefulness of retired credit?
Monthly retirement can be a guarantee that many retirees may consider sufficient to ensure daily living. However, most of the time, the pension is not enough to meet all the needs of a person, especially as it faces various age problems. From bills to utilities to medical problems, a retiree has to manage his or her own income with great care. This makes spending money very careful, and this is one of the reasons why many non-bank institutions grant online loans in 2018 to this category of people.
A pensioner is very conscientious, he pays regularly and on time any kind of debts, which makes him a perfect candidate for a loan. Even though the amount of the pension is not so high (most of which are small pensions), now any retired person can get loans for pensioners with low pensions. Here are the types of needs for which a pensioner requires such a loan:
- For unexpected expenses (medical or death);
- To pay for bigger utility bills – during the cold season;
- For various personal needs;
- For renovation of the dwelling;
- For various repairs;
- For the purchase of goods of an electro household nature.
Of course, on the basis of the amount of pension received, a pensioner can use this type of credit for other needs, such as the purchase of treatment tickets, to provide financial support to family members when they need it or for other needs. What is very important about loans to retirees is that they only borrow when it is absolutely necessary, in a responsible way, and return the money in time, in order not to be penalized. For more details on redeemable retirement loans , visit the dedicated section on our website and you can access a loan right now!
What are the documents that are needed to get a retirement credit?
Currently, a wide range of traditional loans for retirees can be obtained, as well as loans for sickness retirees . Due to changes in bank lending and non-bank lending policy, a retiree is getting easier to get a loan. Especially, in the case of both bank and ifn loans, the obtaining procedure is limited to a copy of the identity card and the last pension bill.
In addition, many lending companies offer to borrowers the opportunity to receive the signed contract at home, but also cash (in cash) or opt for transfer to the bank account where they regularly receive their pension.
Is the age still an impediment to getting a retirement credit?
Until a year ago, many of the retirees wishing to contract a loan had to be of a certain age, and people over the age of 70-75 were not accepted for credit. New products in the category of retirement old-age loans are launched on the market recently, so that all retirees can enjoy loan money.
As for money that is not so high and the reimbursement period is up to 45 days or, in the most advantageous cases, up to 60 months, pensioners with a longer life expectancy are offered a an extra chance to ease their old age at times when the pension is not enough.
On our website you will find a multiple loan range for this category, so it’s time to enjoy a retirement personal retirement loan with very fast approval for all ages and pensions. Discover right now the most advantageous loan options for retired people and enjoy a credit that can be earned at the best interest rates!
What is the most advantageous type of retirement loan?
Retirees, like other categories of people who make a loan, are interested in receiving as little interest as possible when borrowing money. That’s why the best option in this regard is a retirement loan. Apart from the fact that they enjoy the lowest interest rate among all types of retirement loans available on the market (generally between 10% and 25%, but loans with a 7- 8%). The reimbursement period is quite advantageous, so the interest rate is also affordable for those who access loans for retired pensioners with low pensions .
In addition, current forms of CAR do not make it compulsory to hold a deposit fund at this institution in order to obtain a loan (the amount of the loan was related to the amount of money the person had managed to collect). However, there are a number of small impediments to obtaining such a loan, such as limiting the receipt of a larger amount of money only on the basis of the presentation of a co-debtor, which is a guarantor. Another limitation is given by the fact that the person wishing to obtain a credit must become a CAR member, which means paying a membership fee.
Banking companies try to cover the range of retirement loans as best as possible by granting loans at the most advantageous rate, but they still face the other companies that offer loans to those who enjoy a pension. Firstly, because the forms of lending to retirees are based on a discovery of a card, which means the payment of the pension to a bank card and to that bank. Second, because there is still an age limit, and this is quite restrictive (65 years). Last but not least, because the amount of the overdraft is limited to a number of pensions (generally the equivalent of 3-6 pensions). Of course, the fact that the amount of interest is acceptable or no commission fees are charged for administration (not all banks) are reasons why such loans are interesting for retirees.
With regard to online lending in 2018, non-banking companies are the most popular options on the market due to the wide range of lending opportunities. Surely ifn companies are interested in reaching as many retirees as possible, so they can provide them with both quick and personal loans. What is very advantageous for this type of retirement credit is that both the age limit of the persons who can obtain such a loan and its amount as well as the reimbursement period have been increased.
Thus, the best loans in this category are old-age pension credits, which have been lifted from 70-75 years, so now they can be obtained by any pensioner who has exceeded this maximum. In addition, as opposed to retirement loans offered by banking institutions that exclude very low-income individuals, these non-bank ifn companies offer loans to retirees with low pensions for all concerned. Another major advantage of these types of loans is given by the way of accessing credits, in the sense that such a credit can be obtained within a maximum of 15 minutes – 24 hours, and the money is transferred, both in cash and in the bank account.
And when it comes to the amounts that can be contracted through a retirement loan through the ifn institutions, they address both those who need small amounts of money (up to 2000 Ron), but also those who want to borrow as much much (up to 40000 Ron). A big plus is that no guarantees are required, nor the presence of co-borrowers as is the case for obtaining a retirement loan, and the amount of the loan is not limited to the amount, that in the case of loans obtained from banks. Find out on our website the latest online retirement loans and enjoy the opportunity to safely contract such a loan!
Borrows in a responsible way to avoid the risks of a personal retirement needs!
Pensioners benefit from a safe source of income, which is collected on a regular basis and with a value which (in the case of certain types of pension) allows them to benefit from the maximum loan amounts. However, when it comes to the risks faced by people who want to get a loan for retirees, the most risky of them is the advanced age (ie the risk of death). Therefore, in a situation involving the necessity of contracting a loan, a banking institution will manifest a higher level of skepticism than the CAR or an ifn company.
To be sure that they get the loan so desirable, retirees need to check whether they are in the lending conditions required by creditors. Then they have to make sure that they use such a solution only in cases where there is no alternative (a family loan) and when they have obtained the credit to reimburse them in accordance with the obligations assumed by the contract.
It is very important to always select those retirement online loans that give them the most benefit, so we can analyze the offer of loans on our site. With so many variants of retirement loans, you will surely access the best credit options. Enjoy the most affordable online loans in 2018 and get the money you need right now with the help of our site to benefit from a really happy old age!