What role do banks play for a pensioner in the modern world?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In modern society, banks for the pensioner have become a frequent place to visit. An increasing number of older people apply there for loans or open deposits there. That is why banks themselves began to adapt to pensioners, issuing separate deposit and loan products for this segment of the population.

Can a pensioner get a loan?

Not all Russian banks provide a loan for a pensioner. This is due to the fact that credit institutions are worried about a sharp deterioration in the he alth of the borrower and, in connection with this, non-payment of the loan taken. But still, there are financial institutions that provide loans to the elderly. Such banks are repelled by the fact that pensioners are more responsible for the timely payment of the loan.

As with an ordinary borrower, the bank will check the solvency and payment of previous loans with a pensioner. And if, being of working age, the client has created a bad credit history for himself, then, most likely, the pensioner will be denied a loan.

Banks give loans to the elderlya small amount and for up to five years, thus warning yourself against negative consequences.

Rating of banks for issuing loans to the elderly

Credit institutions are all different, so the conditions for issuing loans are different for everyone. Some banks try to give the pensioner freedom of choice, others offer the lowest rates, and still others allow older people to take large amounts.

Rating of banks by the maximum loan amount for pensioners:

1. "Acceptance". This bank offers the maximum loan amount for pensioners - 15 million rubles. This loan is issued for the purchase of real estate.
2. Sberbank. The bank offers 10 million rubles for mortgage lending.
3. Raiffeisenbank. The amount offered to the pensioner reaches 9 million rubles.

Rating on the minimum interest rate of pension loans:

1. Cetelem Bank. The organization offers the lowest interest rate - 6.9%.
2. "BTS Bank". The company is in second place in terms of the minimum interest rate, which is 9%.
3. Uralfinance. The bank also offers a small interest rate - 10%.

Rating by maximum loan term:

1. Sberbank. In the first place is one of the most popular banks. He offers to take a loan for pensioners up to 7 years.
2. "AVB Bank". This bank gives pensioners loans for up to 6 years.
3. At this place are almost all other well-known banks that issue loans for up to 5 years.

Credit for pensioners. Which banks are better?

Three famous banks serving pensioners:

1. Alfa Bank provides pensioners with a huge selection of loan products. For the elderly, all available loans are available. The bank's program is designed in such a way that when the loan is repaid, the client does not yet become a pensioner.

2. VTB Bank has prepared a special product with preferential terms for pensioners. The only condition is that the age of the borrower must not exceed 65 years. The decision on the loan comes instantly, and processing takes a minimum of time.

3. Sberbank offers one of the most loyal and favorable conditions. The maximum age limit is 75 years. To take a more profitable loan, it is advisable for customers to have their own account in this bank or issue a card on which a pension will be accrued. The only negative is that the pensioner needs a guarantor. The bank also offers credit cards to the elderly in addition to cash loans, which is not usually found in other banks.

Which banks are most often used by pensioners to open deposits?

One of the most famous banks for opening deposits by pensioners is Sberbank. Although there are no special offers for pensioners, this is the most reliable and responsible bank according to many customers. That is why pensioners trust this financial institution more.

Also known for opening deposits by older people is Rosselkhozbank. This organization offers pensionersspecial contribution "Pension plus". The rate on it is 8.5%, and the minimum possible amount for opening a deposit is 500 rubles.

Another profitable deposit can be offered by Eurokommerz bank. On the Retirement Income deposit, he offers a rate of 10.5%.

What documents do pensioners need to get a loan?

The documents requested from borrowers are different for all banks, but there are those that the client must provide in any case. These include:

• passport;
• certificate of the amount of pension received;
• pensioner's certificate.

In addition to all this, banks may request a guarantor or collateral. In general, pensioners prefer to take loans secured by an apartment.

Additional information

An elderly person should be very careful when taking a loan. At this age, people are gullible and easily led to any offer. Also, if a pensioner has poor eyesight or he alth, he may not read the fine print in the contract, which is often considered the main one. Thus, the client may not be aware of hidden fees and insurance products. Therefore, it is better for pensioners to apply for loans together with close relatives who will help to understand incomprehensible situations. The main thing is that relatives do not overdo it with help. Otherwise, a bank employee may decide that the elderly person is being forced to take out a loan.

The old man is the mosta conscientious borrower, which is why banks issue loans for a pensioner on favorable terms and with low interest rates. But, even considering this fact, financial institutions are wary of this segment of the population, because their pension income is small. But if an elderly person decides to take a small amount and for a minimum period, then banks are happy to give such a loan.