Month: December 2019

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Inquire about your loan for pensioners

There are some customer groups that have a lot of difficulty in getting a loan from many banks than employees. Sometimes it can also happen that hardly any bank agrees to give these customers a loan at all.

Among other things, the pensioners also belong to these customer groups, who no longer receive loans from a few banks. On the one hand, there is hardly a safer “income” than the pension, but on the other hand, of course, the risk of death increases with age. As a result, quite a few banks consider it too risky to lend money to a 70-year-old, for example, that he may not be able to pay back due to his death.

But there are also banks that still lend money to senior citizens. Some institutes even go one step further and offer a special loan for pensioners.

What distinguishes the loan for seniors?

What distinguishes the loan for seniors?

When talking about pensioner loans or a senior loan, these loans are almost always installment loans. On the other hand, the loan for pensioners can also be classified in the area of ​​special loans, since the loan is only intended for a very special customer group, namely the senior citizens/pensioners.

In this respect, the loan for seniors can in principle be sorted into a similar group to that for loans for students or for loans for the self-employed. Because here, too, the respective loan is only granted to a very specific customer loan. Even if there are not so many loan offers in this area, you should, therefore, compare the few offers with each other.

Because pensioners in particular often have to reckon with every euro, so the search for a cheap loan can be worthwhile. Our recommendation is, for example, E-Money. The loan broker does not offer a special loan for retirees, but the installment loan offered can also be used by senior citizens, among other things, and at a very low-interest rate.

What are the conditions to be considered for pensioners’ loans?

bank

At some banks, pensioners can also get a special loan for seniors, but the senior loan is almost always associated with certain restrictions or the lending is subject to certain conditions. First of all, these are the “normal” credit conditions for loans for pensioners.

These include that the Credit Checker must not be negative and that the income, in this case, the pension, must be high enough to be able to pay the later loan installments. For this purpose, a list of income and expenses is usually drawn up, on the basis of which the freely disposable income can be determined.

In addition to these general loan conditions, there is a special condition to be considered for senior citizens’ credit, namely a certain maximum age. Because even pensioner loans are not granted to people who, for example, are already 80 years old. In most cases, the age limit for such loans is between 70 and 75 years.

Credit insurance and other loan collateral to hedge risk

Credit insurance and other loan collateral to hedge risk

Mainly due to the fact that the risk of death, and thus the risk of default, is naturally increased among pensioners as borrowers, some banks only grant loans to pensioners on condition that credit insurance is taken out.

Such residual credit or residual debt insurance is primarily a protection for the bank because the insurance pays the outstanding credit debts if the insured / borrower should die before the loan is repaid in full.

If you do not want to take out such credit insurance, which of course involves additional costs, you can alternatively provide different loan security. Above all, it is possible to pledge securities or savings that the bank could use in “damage” to settle the outstanding claim.

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Renewable Energy Loans: Green Loans

Taking care of our planet is important and the ways in which we can do it are many. The two most “popular” are certainly the decision to purchase and use a “green” plant for the production of energy and the purchase of an electric car.

In this text, we want to see the most interesting categories of financing for renewable energies, which are those chosen to buy “green” objects, capable of improving the quality of our planet.

Discounted loans for renewable energy

Discounted loans for renewable energy

Banks and financial companies offer subsidized rate loans for the purchase of plants for the production of clean energy, such as wind or photovoltaic.

These loans allow you to repay the sum that was obtained on loan by paying installments at, particularly subsidized rates. The economic advantage is undoubted and for this reason, more and more people decide to abandon the classic sources of electricity production to rely on the “green” ones.

Solar panels

The purchase of solar panels allows you to take advantage of the sun’s energy to generate electricity to be used for everyday needs. The solar panels, usually mounted on the roof of houses or sheds to try to exploit every smaller ray of sunshine, are connected to a generator that transforms the rays themselves into electricity to be used as needed.

Photovoltaics

Photovoltaics

Photovoltaics is probably one of the most widely used alternative energy sources nowadays. Day after day, more and more proven houses, condominiums or companies that use photovoltaics to meet their energy needs. In addition to the advantage of no longer having to pay electricity bills, there is also the possibility of reselling the electricity produced in excess and earning some money thanks to the Energy Bill.

The purchase of photovoltaic panels is increasingly widespread also thanks to the fact that prices drop from year to year with the improvement of technology and increasing competition.

In order to get the most out of the photovoltaic panels, it is important that they are in a sunny position, such as on the roofs of buildings, even if this does not mean that it is necessary that they receive direct sunlight, since they are in able to absorb the light of day, therefore they also work on particularly cloudy days.

Wind farms

Wind farms

Wind power is a technology that has been developing a lot in recent years. As we can understand from the name, it is a way of creating electricity through the force of the wind, which makes wind turbines connected to a generator that creates electricity.

Wind power is still more expensive today than photovoltaic and for this reason, it does not have the same diffusion.

Electric cars

Electric cars, thanks to zero emissions, are a great way to protect the environment. Anyone looking for financing for electric cars can turn to most banks or finance companies, with the certainty of receiving economically advantageous solutions.

The loans are aimed at both the purchase of new and used electric cars, of any brand and engine size.