More and more pensioners are deciding to ask for a loan to realize a dream, a new project or much more simply to face an unexpected expense. But what are the best and most affordable loans for retirees and what information to take into account?
Loans to pensioners: here’s what you need to know
When it comes to loans for pensioners it is good to specify that they are not all equal in terms of conditions, guarantees and flexibility.
Nowadays, retirees have at their disposal a range of alternatives, among which to choose the financing that best suits their economic situation or specific needs.
Why choose the Fourth Pension Grant?
No guarantor, no mortgage
When a loan is requested, one of the most impactful aspects for many pensioners is the need to have an additional signature or a good to mortgage, to guarantee the repayment of the loan.
In these cases the Assignment of the Fourth is the winning solution, as no guarantee is required outside the pension itself. That’s right: no guarantor and no mortgage.
No bills to pay, no endless queues at post offices. With the Fourth Assignment the loan is repaid through direct deductions on the pension, so there will never be a delay in payment and there will be more time available to enjoy life.
The Cession of the Fourth always provides for a life risk policy, in order to protect both those who request the loan and their family members.
As the name suggests, the installment can reach a maximum of one Fourth (20%) of the net pension. This is to guarantee the sustainability of the loan and to allow those who request it to always have a net amount at their disposal to allow a serene life.
Fixed rate and constant installment
Both the installments and the interest rate are fixed and there are no hidden costs. So you can rest easy and you don’t have to risk seeing it with sudden increases in the installment, which always remains constant!
As witnessed by 97% of satisfied customers, with Loans & Financing there are no surprises: costs and conditions are clear from the start for a transparent, practical and protected loan. Request your free quote now!
Possibility of down payment
For those who want immediate liquidity, you can request a deposit at the time of signing the contract, simply and quickly. In this way you will have an immediate advance, waiting for the actual disbursement of the loan.
The Pension Assignment provides that the amortization plan ends within the 85th year of age. A great advantage for pensioners, who in this way have a greater chance of obtaining funding.
Amount can be requested
By choosing the Cession of the Fourth, you have the opportunity to request both relatively small amounts, starting from 5,000 euros, and important figures, with the maximum amount that can be requested up to 75,000 euros.
The perfect flexibility to carry out small and large projects, renovate a home, organize a child’s wedding or simply extinguish previous loans, making them merge into a single loan on better terms.
How to request the Fourth Assignment
Also in this the Cession of the Fourth shows its simplicity, in fact to request it is sufficient to produce the following documentation :
- the pension slip ;
- the tax code ;
- an identity document ;
- the transferable fee, if in your possession, provided by the institution providing the pension.
Based on the size and type of pension received, as well as on the presence of additional loans, the payable loan and the amortization plan are calculated, which can have a maximum duration of 10 years.
They cannot apply for a loan with Speck de Lima:
- pensioners who are in possession of a social allowance and civil disability ;
- those with a pension of less than 530 euros.
Loans & Financing has specialized for over 20 years in the Fourth Assignment for employees and retirees, duly registered with the OAM.
Over 50,000 customers have chosen to rely on us to receive rapid, personalized and highly professional advice. The result is that 97% of customers claim to be satisfied with the service received.
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