What banks give loans to non-working pensioners? Conditions for obtaining a loan

Do you know which banks give loans to non-working pensioners? And can a person, having gone on a well-deserved rest and not wanting to work anymore, expect to receive a loan? After reading this article, you will surely find out the answers to the questions posed. And also how you can get a loan for a non-working pensioner and what is needed for this.

Why is it profitable for a bank to lend to elderly people?

A few years ago, it was almost impossible to apply for a loan to a non-working pensioner. Refusals occurred in almost 90% of cases. Among the main reasons was the fact that the age of the client, as well as his low income, can create some problems for the return of money.

But oddly enough, today a retired person is one of the desired clients of a credit institution. Loans to non-working pensioners in Moscow, St. Petersburg and many other cities of Russia are issued quickly and with pleasure. Such changes have occurred as a result of numerous social studies that have shown:

• older clients are more responsible in financial matters, in particular, in relation to debt;
• borrowers of a more mature age are reasonable in assessing their own financial capabilities; if a pensioner is not quite sure that he will be able to repay the loan, then he, most often, will not even try to get it.

In addition, banks issuing loans to non-working pensioners can be sure of the stability of the income of such a citizen. A working person may suddenly quit or be laid off. In this case, his income will drop sharply or disappear altogether. A pensioner cannot lose his income. He will receive it from month to month no matter what. Moreover, as a result of various recalculations and indexations, his income may even increase.

In this regard, a large number of institutions have appeared that are ready to issue loans to non-working pensioners. In Moscow, for example, such a loan is very popular.

Where can I get a loan for a pensioner?

As you already understood, a pensioner is a very profitable borrower. However, everything is far from being as perfect as it might seem at first glance. And it's all the same in the date of birth. The older the borrower, the more the financial institution is at risk, giving him money.

If you believe the same statistics, the average life of Russian citizens is 71 years. At the same time, men generally live no longer than 65 years, and women - 77 years. Therefore, a sixty-year-old citizen will be happy to issue a loan, but those over 70 may be refused. Well, or the interest will be called such that you yourself do not want to get involved.

More favorable conditions are usually offered by large banking organizations. But still, in search of which banks give loans to non-working pensioners, it is better to apply to several institutions.

General requirements of lenders

If you have already found an organization that is ready to give you a loan, ask what papers you need to prepare. Most of the time, nothing special is required. A person's passport and one more (any) paper confirming the identity are enough. This can be a certificate of registration with the Pension Fund, a medical policy, a pension certificate, and so on.

Most often, the proposed amount will not exceed half a million Russian rubles. If you need to get more, there are three ways out:

• look for other banks to give loans to non-working pensioners;
• enlist the support of friends or relatives who could act as guarantors;
• provide any valuable property as collateral.

Some banking institutions also impose the following requirements on the borrower:

• have Russian citizenship;
• confirm permanent registration;
• reside in the region where the lender has its branches.

They are optional, but they greatly speed up the decision-making process:

• presence of a mobile phone;
• normal credit history.

Risks of banking organizations

Whether they give a loan to non-working pensioners, you can find out right at the entrance to any bank. To do this, you just need to ask a direct question to any of the employees. But considering the intricacies of lending programs will take time.

1. Each time, issuing funds to any person, the bank runs the risk of not seeing them again. And in the case of a borrower of a venerable age, the risk increases many times over. To minimize it, credit institutions introduce various restrictions:
2. Age. Each bank sets its own upper bar. Somewhere it is equal to only 60-65 years, and somewhere it is all 85.
3. Minimum income. These figures may also differ. Some financial institutions set a minimum pension, below which a loan is either not issued at all or requires several guarantors.
4. Life insurance. Almost all banks are unanimous here. When applying for a loan after 60 years, be prepared to additionally purchase a policy for the protection of life and health.

How to improve the odds

Is it possible to do something to get a loan for pensioners (unemployed)? Where you can get such a loan, we will tell you below. But, by and large, you can try to apply to any institution of your choice. Especially if you can invite a co-borrower or guarantor. But you should know - there are some requirements for them too:

• the guarantor must not be of retirement age;
• must have a "white" income sufficient to repay the loan if necessary.

The amount that a borrower of retirement age can claim directly depends on the amount of his pension. But if there is an opportunity to provide a highly liquid collateral, you can get a lot more and even get a car loan. The longest period for which pensioners can be credited is 5 years.

Or maybe just a loan?

In some cases, you shouldn't even be interested in which banks give loans to non-working pensioners. The fact is that the standard programs in many banks have more attractive conditions, and their age limit is a little too high. So, if you are not yet 63-65 years old, it makes sense to inquire about conventional lending programs. Perhaps you will find something suitable among them.

"Pension" loans rarely exceed half a million, and most often amount to 200-300 thousand. But standard packages allow you to get a much larger amount.

Sberbank

Sberbank issues a loan to pensioners until they reach the age of 75. True, the funds are provided for only 2 years. The amount is calculated individually, depending on the amount of the client's pension provision, as well as other parameters.

One of the advantages that Sberbank provides is that a loan to pensioners can be obtained not only in Moscow, but also in Smolensk, Volgograd, Perm, as well as small settlements where there is a bank branch.

You don't need much for registration:

• passport (civil) + any identity document;
• a certificate from the Pension Fund about the amount of payments received.

Sovcombank

But "Sovcombank" offers loans to pensioners (both working and not) up to 85 years old. This is the highest bar on the market for such services. The only prerequisite for those over 75 is loan insurance.

Sovcombank issues loans to pensioners on the following terms:

• the amount is not more than 200 thousand Russian rubles;
• term no more than 36 months;
• overpayment on the Pensionny loan - 29.9% per annum;
• the rate on the Pension Express + loan is 39.9% per year.

These two loan programs differ not only in the rates. In the first case, you will have to provide a small package of documents proving your identity and ability to pay. In the second, a passport is enough.

Offers from other banks

Citizens of retirement age can also try their luck at RenaissanceCredit Bank. Here they will be offered the following conditions:

• overpayment of only 21.9% per year;
• the loan amount can reach as much as three million (rubles, of course);
• for registration you need only two documents: passport + pension.

As well as in other institutions, here you may be offered to attract a co-borrower or guarantor, and also require a deposit. But if you do not have either one or the other, it’s not scary. It's just that the loan amount will be much less.

Similar offers can be found in several more banks. You will be happy to receive a loan:

• Rosselkhozbank;
• "Summer Bank";
• "Bank of Moscow";
• "Eastern Express";
• Eurokommerz;
• "Alfa Bank";
• a few more institutions.

Where to stop? How to choose the most favorable conditions for yourself? Just visit the official websites of the selected institutions and carefully study the sections on pension lending. Compare them with the usual offers of other credit institutions and make your choice.

If you didn’t like any of the available offers, try using the services of microfinance organizations. Many of them also lend to older clients. True, here the age limit rarely exceeds 67-70 years, and the proposed percentage is very far from ideal.