Obtaining a Good Lender loan for pensioners is more than limited. The conditions that a Good Lender loan must meet are clearly stated. A pensioner only fulfills these conditions in a few exceptional cases. Obtaining a Credit Bureau-free loan is therefore easy with the garnishable income.
Two facts speak for the failure to meet a Good Lender loan. The first is found in the amount of the pension. If you assume an average pension of less than 1,000 USD, your income cannot be seized. In addition to the pension, the pension is provided with an additional garnishment protection. In general, it is to be attached, but the effort required is higher than with other incomes.
Good Lender loan for pensioners
In addition to the pension, the age limit is an insurmountable hurdle for Credit Bureau-free international loans. As far as is known, since 2010 only one foreign bank has offered a Credit Bureau-free loan to German citizens. Capital Lender from Liechtenstein should be mentioned. There are still a few advertising offers on the Internet. But these offers disappeared entirely due to the financial crisis and banking supervision.
Capital Lender has restricted age access to the Credit Bureau-free loans to 57 years or younger. This means that the only pensioners have a real chance of receiving disability pension (BU pensioners). If the entitlement to BU pensioners was already determined in December 2000, the pension benefits will go beyond the agenda. These seniors can earn an unlimited amount on their pension. Anyone who can prove a net working income of 1,130 USD as a single person has good credit opportunities.
A credit without Credit Bureau is only given to those who are not entered in the public debt register. Anyone who has sworn an affidavit or is being searched for with a warrant will not receive a loan. There will also be no credit for garnishment or bankruptcy. Those who have established themselves for Good Lender credit receive the same credit terms as other borrowers. The Good Lender loan for pensioners can only be obtained in two loan amounts. The loan is repaid in 40 equal monthly installments.
There are 3,500 USD or 5,000 USD in credit. In both cases, the minimum income must exist. A single person applying for a loan of $ 3,500 must have a net income of $ 1,130; for a loan of $ 5,000 it is $ 1,600.
The retirement age limit for a loan varies according to the level. There are providers who are over 65 years old with a loan, the Good Lender loan for pensioners is still possible. The catch is the amount of the pension, which is paid on time every month, but there is still insufficient income to ensure a secure payment in installments.
Of course there are pensioners who do not have this problem. For them, only the age limit is a problem. The international loan can become possible even if the pensioner is already 75 years old. Good Lender credit is a perfect option for the resilient pensioner who is absolutely creditworthy and who is solely liable. Nevertheless, there are a few things to consider.
Every bank, no matter from which country it is, attaches great importance to securing its investment. For this reason, residual debt insurance is offered on a Good Lender loan for pensioners. This type of insurance is acceptable to the younger borrower. For pensioners, the residual debt insurance can make the entire loan more expensive so that it can no longer be paid. Pensioners who have the problem of only getting a loan with residual debt insurance should consider other alternatives.
An alternative would be a younger co-applicant who could come from the family. The credit rating rises considerably and interest rates fall. In these circumstances, a Good Lender loan is easy to obtain for retirees.
According to the relationship with the family, the co-applicant, who can be the son or the grandson, may have the loan agreement drawn up in his name. The same can be done with a guarantee. The guarantor can come from the family and stand up for the loan. Especially if there is a property that the family will inherit anyway, that would be an option for a Good Lender loan for pensioners.
The Good Lender loan for pensioners is advertised exclusively by credit intermediaries. If you want to make it easy for yourself, you can hire a credit broker. If the broker is reputable, he will provide a loan that is tailored to the needs of the pensioner. However, the commission still has to be added.