Senior Credit
It’s no secret that life expectancy has significantly increased thanks to advancements in healthcare, and this is a trend that continues.
It’s so true that in various European countries, governments are advocating for the postponement of retirement age. The aging population certainly has a considerable impact in the credit world, and this is noticeable with the increase in loans intended for seniors. A quick overview
The “Senior” Mortgage Loan: up to 90 years at term!
Something that was still impossible just 5 years ago: organizations now allow seniors to borrow up to 90 years at term!
The duration of the mortgage loan must be at least one year and cover an amount of at least €30,000. This loan can thus allow seniors to carry out work on their house but above all… to help younger family members by taking a mortgage registration on their house.
Liquidity Credit
It’s obvious: you have to wait years to be able to enjoy yourself, and banks have perfectly understood this: financing vacations, a trip, a division exit, family debts, the death of a loved one… etc.
Banks are granting installment loans to increasingly older seniors. Conditions will be established on a case-by-case basis depending on the amounts borrowed, the duration of the requested loan, and the guarantees offered.