Where is it more profitable to take a loan for a pensioner? A profitable loan for pensioners in Sberbank

Before issuing a loan to a borrower, any credit institution checks its financial viability. Citizens who have reached retirement age can not be called such. In any case, for banks.

What if money is urgently needed? In which bank is it more profitable to take a loan to a pensioner? Consider several financial institutions that will give people of retirement age money on credit.

How to get a loan for the elderly?

A pensioner applying to a bank should understand to which group of borrowers he belongs. There are only three of them.

The first is the most unattractive group of borrowers from the point of view of banks, which does not have many chances to issue a profitable loan for pensioners. Citizens in this group do not have other financial injections, except for a pension. And for the pledge can not provide any of the types of property (movable or immovable). They also do not have guarantors who could help them in obtaining a loan. If the bank and approves the issuance of money to such pensioners, the amount, as a rule, does not exceed 30-50 thousand rubles.

To formalize a profitable loan for pensioners, participants in the second group must have any type of property (movable or immovable) to provide it as collateral. In this case, the amount that the bank can lend is increased at times. To confirm your pension, you will also need to provide a certificate from the pension fund on the amount of monthly payments.

Participants of the third group can count on the most profitable loan for pensioners. We are talking about working pensioners-borrowers who are ready to document their earnings documentarily. Prerequisite: the loan must be repaid before reaching the age of 75 years.

Why do banks refuse elderly people in credit?

The main reason why banks do not want to see their borrowers as pensioners, sadly, is the life expectancy. In Russia, in women, it ranges between 72-75 years, and in men it is 57-62. In other words, the bank rightly fears that the loan will not be returned on time, and instead of profit, a loss will be received. Rarely, who among the elderly can provide expensive property as collateral, or bring guarantors that satisfy the conditions of the bank.

Which banks cooperate with pensioners?

Of course, it can not be said that the elderly are not at all able to take a loan from the bank. There are about 200 financial institutions that are ready to give out loans to pensioners. Also, a loan can be taken in a consumer credit cooperative (CCP), or in a microfinance organization (MFI). However, in the last financial institution, the annual percentage can be simply huge and reach 700%.

Consider banks that give money to the elderly at acceptable rates, and also find out whether it is possible to take advantageous credit for pensioners in Sberbank.

Sberbank

This bank can offer its prospective borrower-borrowers the most profitable loan products, whose interest rates are varied. The height of the annual fee for a loan depends on the period for which the funds are taken, and also on the amount of the collateral. The documents that are needed to formalize a profitable loan for pensioners are standard. This is an identity card and a pension certificate.

To make a mortgage in Sberbank, a pensioner must have a high-paying position and significant collateral assets.

Rosselkhozbank

This bank issues loans to two categories of pensioners: working and non-working. If the borrower is able to provide collateral, the interest rate will be 15% per annum. In the absence of property, suitable for acceptance as a deposit, the rate can be increased by 10-12 points. The amount given to the pensioner will be calculated for each case individually. In some situations, the loan can reach 100,000 rubles.

From documents, except for the pension certificate and the passport proving the identity, the contract of personal insurance of the borrower can be required. This is one of the banks where the most profitable loans for pensioners.

Sovcombank

This bank is focused on working with borrowers with limited financial resources. These include workers in medicine and education. Sovcombank also lends to working and non-working pensioners. The requirements for the documents are minimal: the passport of a Russian citizen and the pension certificate. No type of guarantee is required. The amount of cash that a bank can provide to a retired borrower varies from 30,000 to 200,000 rubles, and the annual percentage is 26-30%. The final amount that a pensioner will get in his hands depends on his ability to fulfill his financial obligations.

Borrowers who can apply to this bank should not have an age exceeding 84 years. And perhaps, there will also be a need for an individual insurance contract. Sovkombank is one of the most acceptable banks, where it is more profitable to take a loan to a pensioner.

PDA

Credit-consumer cooperatives, in contrast to banks, prefer to work with pensioners, considering them the most responsible borrowers. Pensioners are more thoughtful in choosing a loan.

Almost every PDA has a pension program for the elderly, whose conditions are sometimes more profitable than for ordinary customers. The interest rate is preferential and often lower than for working borrowers. It is possible to take up to 10,000 rubles without resorting to a surety. But if the borrower wants to increase the amount, bail will be necessary. As guarantors can act pensioners or family members of the borrower. He himself, having a loan to the CCP, can act as a guarantor.

A certificate from the pension fund on the amount of payments is not required, it will be sufficient to show the pension certificate if the amount does not exceed the threshold of 35,000-40,000 rubles.

The loan is issued for a maximum of 2 years, but the borrower can repay it ahead of schedule. In this case, you will not need to pay a fine.

Each pensioner must join the CCP and pay the entrance fee. In some co-operative societies the contribution is 50-100 rubles, and this amount is quite possible for everyone. When applying again, each pensioner can count on facilitated terms of cooperation.

Thanks to such programs, credit institutions show their retired borrowers that retirement does not mean that life is over. And that even with a small pension, you can afford a large purchase.

Each of the elderly borrowers need to decide for themselves which is the most profitable loan for pensioners. They must choose which institution is best suited: the bank, the CCP or another credit institution.