The times and the reality we live in can not be called comfort or easy, but they can often become even more difficult and unpleasant for retired people. Unfortunately, for a number of reasons, these people in Bulgaria do not live the life they deserve. The small size of their pensions is the main problem that leads to an even more unpleasant effect as an avalanche.
A retirement credit is a service that anyone in this particular age could benefit from, if need be. Although low levels of pensions are in most cases an obstacle for every individual in this situation to afford “luxury” in spending money, a fast loan is a good way to solve financial problems.
What difficulties do retirees have that can impose the need for additional funding
- Delayed payments to daily accounts, such as electricity, water and heating;
- Annual housing tax, which in most cases is not a small sum;
- Monthly cost of bit type;
- Cost of medicines;
- Exceptional treatment costs;
- Other urgent payments that can be made by anyone.
All of these situations would certainly burden the monthly budget of people in working age. A quick loan is perhaps the most appropriate way to deal with a situation, especially if the person concerned can not rely on side income or help from close relatives and relatives.
The amounts that people in retirement age can receive under certain conditions are varied – from several hundred to several thousand. It all depends on the judgment of the specialists in the given credit institution, and interest rates can be spread over several years, depending on the amount received, and reach about 10%.
Another condition is that the person does not receive a smaller amount of pension amount per month, compared to his monthly debt on repayment of the loan received.
There are cases where the monthly pension of applicants for credit is too low, but many institutions also offer the option with a guarantor or a more solvent co-debtor.
Often, the age of man is of great importance in many banking and non-banking institutions. In most cases, it should be up to 73 years old.
Here at bank we have a special method for accurately calculating the amounts that can be awarded. The Scoring Model is a perfect way for a balanced judgment that shows if the person who applied for the amount of money can get the desired loan or not. The idea is not only to be effective but also to react as quickly as possible to the financial market.
What documents are needed
It is, of course, necessary to obtain an identity card, details of the pension amount the person receives, and details of the guarantor, if any.
We at Bank are aware of the financial situation in the country in recent years and the difficulties that a retired person has to deal with every day. That’s why we strive to provide a much faster, easier and affordable service for retirees. The amounts they can get are varied and the ways of returning as low as possible. Thus, even if you are in need, you can get approval even online or in an office within 6 minutes.