Retirees and pensioners also have a financial need and want to treat themselves to something after they have finished their professional lives and when they enter well-earned retirement. Sometimes the money is not enough and a loan is needed. But at the latest when you talk to the advisor at the house bank in person, the bad awakening comes, because in this case it is almost impossible to get a small loan for pensioners. A request from other banks or online credit institutions is also mostly unsuccessful. But what can the pensioner do?
Loans for pensioners
A so-called Swiss loan is not an option. Foreign banks only grant loans to working people. Unemployed people, freelancers, the self-employed and unfortunately also pensioners are excluded. If you don’t have any friends or relatives who can help out financially for a short time, you don’t have to do without fulfilling your wish. Even if the large financial institutions generally refuse to give small loans to pensioners, it is worth looking at the lesser known banks, which would be more willing to do so if the loan amount is not too high. However, this is usually only possible via the Internet, because there are banks that do not have a branch network and cannot be reached via an office. They only do their business online. A corresponding bank can certainly be found via the search engines.
The checking account or credit card offer a solution
Banks often deny small loans to pensioners, but pensioners can also overdraw their accounts. This is usually the only way to get a small loan from the bank. This overdraft facility on the checking account usually remains even if the account holder is retired. The amount depends on the monthly cash receipts. However, the pensioner should be aware that this overdraft facility must also be repaid at some point. Although there is no obligation to pay monthly installments in a certain amount, as is the case with a normal installment loan, repayment must be possible. Therefore, the pensioner should only choose this solution if there is enough money left for the repayment.
This also applies to the use of the limit on the credit card. Here too there is the opportunity for a small loan for pensioners. The long-awaited vacation dream can be financed with a credit card if payment in installments has been agreed beforehand. These rates are debited from the checking account and the money must be available. If you only have a low pension, you should rather do without a small loan for pensioners, because this can quickly lead to overindebtedness. Who wants to do that to himself at that age?