Whether before or after retirement
A senior has the opportunity to resort to the purchase of credit, a solution to reduce the monthly payments and start on a better financial basis.
Senior, retirement: presentation of the loan buyback
Credit redemption is a bank transaction that allows multiple loans to be combined into one, which reduces the amount of the monthly payment that becomes unique. For seniors, there is a real interest in using this financing solution since the majority of retiring households face a reduction in their income. By reducing loan repayment charges before retirement, the borrower avoids financial imbalance and manages to avoid difficult end-of-the-month payments as well as possible late payments. It should be noted that the repurchase of loans can also be solicited after the retirement, it is then necessary to make sure that the financing can be put in place. A study makes it possible to check the feasibility of the project, it is free and without commitment.
Loan buyback offers for seniors/retirees
Two bundling offers are possible:
- The purchase of real estate loans
- Buyback of consumer loans
Credit institutions impose end-of-loan age criteria (between 80 and 95 years depending on the borrower’s profile), depending on the type of housing of the borrower (landlord or tenant) and the duration of the loan. grouping of credits. The duration can be at least 12 months (1 year) and at most 420 months (35 years).
The insurance of the repurchase of credits is optional but strongly recommended. As part of senior profiles (retired or not), it is more appropriate to resort to a delegation of insurance, that is to say to solicit an insurance company to find a cover with the same guarantees credit, but at a more attractive rate.
The new project for retirement
Loan consolidation allows you to include a dedicated amount for a new project. In many cases, retired borrowers want to set up projects (hobbies, works, development) and this often requires the use of credit. Rather than accumulate a new monthly payment, credit provider proposes to include in the purchase of credits an amount allocated to the project, this smooths the total duration of the repurchase of the old outstanding and can realize the project of the borrower in retirement.
This sum is entirely optional, if the borrower wishes to add it, it is enough to specify it before study, which allows to take into account the need and to be able to study the different possibilities of financing.
Repurchase and senior credit purchase: information and simulation
Credit provider.fr offers a simulator online, free and without commitment. This tool makes it possible to obtain a first estimation of reduced monthly rate, with or without new project. This first step must then be confirmed during a feasibility study, conducted by a senior analyst in the retired and senior profiles. credit provider consultants are true professionals and bring you clear answers, adapted to your situation. Whether on the progress of the operation or on any criteria related to the repurchase of loans, they are at your disposal by telephone to answer all your questions. Choosing credit provider for your financing needs is choosing the trust, speed and seriousness of an experienced banking intermediary.