Senior credit
It’s no secret that life expectancy has increased significantly thanks to advances in healthcare and it’s a trend that continues.
It is so true that in various European countries, governments are campaigning for the raising of the retirement age. The aging of the population certainly has a considerable impact in the world of credit and this is noticeable with the increase in credits intended for seniors. A quick overview
The “Senior” mortgage loan: up to 90 years in arrears!
Something that was still impossible just 5 years ago: organizations allow seniors to borrow up to the age of 90 in arrears!
The duration of the mortgage loan must be one year at least and cover a sum of at least €30,000. This loan can thus allow seniors to do work on their house but above all… to help younger family members by taking out a mortgage on their house.
Liquidity credit
It’s obvious: you have to wait over the years to be able to treat yourself and the banks have understood this perfectly: financing a vacation, a trip, leaving a joint ownership, family debts, the death of a loved one, etc. .
Banks grant installment loans to increasingly older seniors. The conditions will be established on a case-by-case basis depending on the amounts borrowed, the duration of the loan requested and the guarantees offered.
