Until recently, banks did not want to lend to pensioners. Although they can provide evidence of regular income, the banks did not want to approve it because of their age. But this has changed and banks also occasionally grant Credit Bureau-free credit for pensioners, but usually only if the customer is already known and is considered reliable. In that case Credit Bureau will be dispensed with in individual cases.
Easily get Credit Bureau-free credit for retirees
Of course, there are also some rules for this Credit Bureau-free loan for pensioners, because the banks also want to be sure that they will get their money back. A guarantor can help if he is ready to accept the consequences. In this case, the guarantor should definitely be informed in advance, because if the borrower fails, the borrower must pay.
Therefore, not many people are ready to take this step unless they are relatives or really good friends. Because a residual risk always remains, and the bank definitely wants to hedge this properly. Therefore, this should only be done if the guarantor does not get into a tight spot. This can happen if the latter also needs a loan, because the guarantee is of course also reported to the Credit Bureau.
Inquire at a foreign bank
Especially when it comes to Credit Bureau-free credit for pensioners, the Cream banks are waving away. Because these are set to make the request, also to protect the borrowers. An application to a foreign bank can help here. Without this query, they also grant loans in Germany.
Here in Germany this is usually banks from Switzerland. Other providers can also help with such a loan, but they are limited to 120 months. The offers should definitely be compared here, because even with Credit Bureau-free credit for pensioners, money can be saved. Especially since it is not important for foreign banks what is entered in the Credit Bureau.
Beware of dubious offers
Some brokers also offer their services and promise a Credit Bureau-free loan. But be careful not everyone is serious and only sense a quick deal. Some even require that superfluous insurance be taken out. Nobody should accept such an offer, just as if the agent wants to see money beforehand.
There will never be a loan here, because a reputable credit broker is never paid until he has done his job. Only then will the money be paid for and not for something that has not yet been provided. Of course, there are reputable providers who can then really arrange a loan. Then the request can really be worthwhile.