In modern society, banks for pensioners have become a frequent place to visit. A growing number of elderly people apply there for loans or open deposits there. That is why banks themselves began to adapt to senior citizens, releasing separate deposit and loan products for this segment of the population.
Can a senior citizen get a loan?
Not all Russian banks provide a loan to a pensioner. This is due to the fact that credit institutions are worried about a sharp deterioration in the health of the borrower and, therefore, non-payment of a loan. But nevertheless, financial institutions issuing loans to older people are available. Such banks are repelled by the fact that pensioners are more responsible for timely payment of a loan.
Like a regular borrower, a pensioner will check the solvency and payment of previous loans. And if, being of working age, the client created a bad credit history for himself, then most likely the pensioner will be denied a loan.
Banks give loans to older people in a small amount and for up to five years, thereby warning themselves against negative consequences.
Rating of banks for issuing loans to older people
Credit institutions are all different, therefore, the conditions for issuing loans are different for everyone. Some banks try to give freedom of choice for a pensioner, others offer the lowest rates, and still others allow large sums to be taken by older people.
Rating of banks by the maximum loan amount for pensioners:
- "Acceptance". This bank offers the maximum loan amount for pensioners - 15 million rubles. This loan is issued for the purchase of real estate.
- Sberbank The bank offers 10 million rubles for mortgage lending.
- Raiffeisenbank. The amount offered to the pensioner reaches 9 million rubles.
Rating at the minimum interest rate of pension loans:
- "Setelem Bank". The organization offers the lowest interest rate - 6.9%.
- BTS Bank. The company is in second place with a minimum interest rate of 9%.
- Uralfinance. The bank also offers a small interest rate of 10%.
Rating by maximum loan term:
- Sberbank In the first place is one of the most popular banks. He offers retirees a loan of up to 7 years.
- "Bank AVB". This bank gives pensioners loans for up to 6 years.
- At this place are almost all the other famous banks that issue loans for up to 5 years.
Credit to pensioners. Which banks are better?
Three well-known banks that serve pensioners:
1. Alfa Bank provides pensioners with a huge selection of loan products. For older people, all available loans are available. The bank's program is designed in such a way that when repaying a loan, the client does not become a pensioner.
2. VTB Bank has prepared a special product for pensioners with preferential terms. The only condition is that the age of the borrower must not exceed 65 years. The loan decision comes instantly, and registration takes a minimum of time.
3. Sberbank offers some of the most loyal and profitable conditions. The maximum age limit is 75 years. To take a better loan, it is advisable for clients to have their own account in this bank or draw up a card on which a pension will be charged. The only negative is that a pensioner needs a surety. In addition to cash loans, the bank also offers senior citizens credit cards, which is usually not found in other banks.
Which banks most often pensioners open deposits?
One of the most famous banks for opening deposits by pensioners is Sberbank. Although there are no special offers for pensioners, it is the most reliable and responsible bank in the opinion of many customers. That is why pensioners trust this financial institution more.
Also known for opening deposits by older people is Rosselkhozbank. This organization offers pensioners a special 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 Eurokommerts Bank. On the contribution “Pension income” he offers a rate of 10.5%.
What documents do pensioners need to get a loan?
The documents requested by borrowers from all banks are different, but there are those that the client must provide in any case. These include:
- passport;
- certificate of the amount of received pension;
- pensioner's certificate.
In addition to all this, banks can request a guarantor or a security deposit. Basically, pensioners prefer to take loans secured by apartments.
Additional Information
When taking a loan, an elderly person should be very careful. At this age, people are gullible and easily led by any offer. Also, if a pensioner has poor eyesight or well-being, 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 an older person is forced to take a loan.
An elderly person is the most conscientious borrower, which is why banks for a pensioner give loans on preferential terms and with low interest rates. But, even taking into account this fact, financial institutions are wary of this segment of the population, because their retirement income is small. But if an elderly person decides to take a small amount and for a minimum period, then banks will gladly give such a loan.