Credit for 60 year olds – is it difficult?



The washing machine is broken, a new car is needed or other wishes are to be realized. Usually that’s not a problem, because the banks are there to lend. But from a certain age it becomes difficult to get a loan. At 60, that’s not a problem, especially since many are still in the middle of working life. It becomes increasingly difficult with retirement.

Credit for 60 year olds

Credit for 60 year olds

If you are unlucky, you have to work until you reach the age of 67. It is therefore no problem to get a loan for 60 year olds, provided the income is correct and everything is fine with the Credit Bureau. However, it should be borne in mind that in these cases the loan amount is limited. In addition, the borrower has to reckon with having to take out residual debt insurance in order to get a loan at all.

risk reduction

risk reduction

However, there are also banks that no longer grant loans to 60-year-olds. The risk is too high for them. However, what they all have in common is the overdraft facility on the checking account. The bank won’t take that away from them so quickly. With such a disposition, smaller financial bottlenecks can be covered without having to make an appointment with your bank advisor beforehand.

It is actually shameful that the pensioners are treated in this way. A loan is often simply rejected simply because of its age, without the bank advisor having a look at the monthly payment. What is certain is that older people have less difficulty repaying loans than younger people.

It is simply a matter of honor for them that a loan is paid off. Unfortunately, the banks forget that and simply refuse a loan for 60 year olds. Unfortunately, the legislature cannot intervene because there is no legal claim to a loan, even if some would wish it.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.

Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.


Leave a Reply

Your email address will not be published. Required fields are marked. *

Related articles