Author: Gilbert Williams

Today, loans to finance medical expenses , related to health and well-being, have become one of the most important tools for giving everyone access to high-level care. Just think of all those medical expenses that are not covered by the national health system or those whose waiting times are extremely long.

In these cases the only possibility is to access the private sector with all that it entails, in terms of spending. Personal loans can offer a shortcut to allow high-level health services by spreading out spending.

 

How loans work for health and well-being

The personal loans dedicated to the financing of health costs due to health and well-being are provided by some credit institutes with products specifically dedicated to this particular need. In principle, not all banks or financial companies provide these products because many are used to finance these expenses with normal personal loans for liquidity.

 

In principle, these loans can be subscribed to finance expenses attributable to:

• surgical interventions;
• dental expenses;
• wellness stays;
• beauty treatments;

Even if each credit institution applies different conditions, we can say that the interest rate, at this moment, is quite interesting and allows to finance these expenses in a very cheap way compared to what happened a few years ago.

Agos and Findomestic medical bills

Below we have selected some personal loans dedicated to this particular expense that are particularly interesting:

• Health and wellness loans Findomestic : interest rate below 10%, the possibility to change the monthly amount of your installment without additional costs and the possibility to apply for financing with digital signature are the strengths of this product offered by Findomestic.
• Agos health and beauty loans : Agos also proposes a specific policy to finance health and beauty expenses, including aesthetic and wellness treatments. This is a loan with fast delivery as it is paid after only 48 hours from the practical opening.

Overall, we can say that medical expenses are a valuable help if you want or are forced to turn to private facilities for care and well-being. 

 

These days we received an email from a reader who, in essence, asks us: what is the loan for pensioners cheaper? Going into more detail, our reader must help his father to take a loan of about 10 thousand euros and was looking for the most advantageous solution to prevent interests from weighing down the payment of installments. Assuming that this is a very good time to access credit, given the low level of rates applied by banks and financial companies, we try to answer this question.

How to find convenient personal loans?

First we would like to give some guidance on how to always find the most advantageous personal loans. We must never forget that even a minimal difference, as regards the interest rate can save a lot of money. Here, then, some tips that will be useful in the evaluation phase:

• compare at least 3-5 estimates : we recommend never taking into account less than 3 estimates. The perfect number could be 5, a quantity suitable to offer an overview of the market;
• take the taeg into consideration : always remember that the tan is an easily distorting indicator. There are lenders that apply an interest rate on the financing (the tan, in fact) very low, but then apply very high amounts as costs of investigation and management practice. To avoid “getting caught” always compare the taeg which is the true indicator of the total cost of the loan;
• transfer of the fifth or personal loan : which of the 2 solutions to choose? Much depends on the particular personal situation of the applicant. Let’s say, however, that many banks to cut the bull’s head propose the sale of the fifth. We always recommend evaluating both solutions;

These are simple indications that will allow you to immediately get an overview of the situation and choose a convenient loan will be a real breeze.

Best convenient loans

At this point we try to see what the market offers at the moment. Remember, once again, that each bank applies different conditions depending on what are the conditions and needs of the client (requested amount, age, pension amount, etc.) so making a truly objective comparison is impossible.

• Sale of the fifth BNL : this is a flexible and convenient loan that can be subscribed online or directly in the branch. We have already talked about this so refer you to the review: BNL retired loans .
• Retired loan Poste Italiane : also the post office offers an interesting loan. We recommend it to all those pensioners who do not like doing these things on the web as there is no possibility to switch on the online practice. Here our review: Poste Italiane pensioners .
• Fingepa retirement loan : this important financial institution proposes itself as a valid alternative to the usual banks. It allows access to loans of high amount, even in the presence of other loans.

These, currently, turn out to be the most interesting products but the advice we give you is still to make you make at least 3 quotes. For any clarification or doubt you can write to us using the space below. 

How to get loans for pensioners over 75 years , keeping away from those institutions that place this age threshold as the maximum limit beyond which funding can no longer be requested. In this guide, we will then look at how to apply to institutions to obtain loans if you are in the age group between 75 and 80 or even later.

 

At present, there are very few institutions that stop their access to credit for only 75 years, so do not bother to find someone willing to grant you a microcredit service, given that often the maximum age limit is raised to 80 years or even 90 years.
Furthermore, it is important to consider that many banks or financial institutions often combine insurance with insurance that protects them in case of premature death of the loan holder .

A problem to which you will have to pay attention, when you will go to request loans for pensioners over 75 years, are the interest rates (often advantageous, if you take advantage of benefits) and the additional costs to start the procedure, which unfortunately will be in any case higher than the amounts requested by institutions for lower-age loans.

 

As we said among the most important expenses to consider, which could greatly increase the cost of applying for retirement loans over 75 years, is that of insurance.

Given the high age, to cover themselves by the failure to extinguish the loan, the institutions oblige the customer to take out an insurance policy, the cost of which will be proportional to the age of the applicant pensioner. As a consequence, the APR will be affected, with figures not so much influenced by the actual interest rate, but by the price of the insurance itself.

So you do not have to compare the quotes proposed by the most advantageous microcredit institutes , asking for information on the interest rate and the cost of insurance, to draw a conclusion regarding the most convenient choice in the sector of retirement loans over 75 years.

You are a pensioner and you need a loan but you are afraid to ask your bank because you know you are reported as a bad payer? Well, no problem because you have to know that most banks offer loans for retirees even if they are reported as bad payers.

On the contrary, you should know that even if you are reporting in crif, retirement loans can be obtained under very interesting conditions and in extremely short time. In this article I’ll explain everything you need to know about these banking products and how to request one. 

Get a loan for retirees even if bad payers

As we have just mentioned, most banks provide these products also in the presence of claims in crif or at other risk centers.

The reason is very simple. The bank will provide a supply of the fifth of the pension . In this way it will be the INPS to pay the bank directly withholding the amount of the installment from your pension. Let’s take an example to better clarify the concept.

Let’s say you have a crif report and a pension of 1500 euros per month. The bank will provide you with a transfer of the fifth of the pension, ie a loan whose installment can not exceed the value of one fifth of your monthly pension, in this case 300 euros.

This installment of 300 euros will be paid directly by the INPS by holding back that money from your pension. This is why the bank does not need any further guarantees to provide bad payer funding if you have a pension .

What do you need if there is a crif message?

 

Fortunately, the documents needed to obtain financing of this type are very few. As usual, we need the identity card, the tax code and the pension slip issued by INPS or another pension agency that provides our income.

In some cases, am is very rare for this type of financing, the bank can request a statement of the last months. It should be noted that several banks provide the loan following the opening of an account at one of its offices.

Which banks provide the transfer of the fifth of the pension

I know that now you’re going to find a list of banks and financial companies that deliver these products at affordable rates but, alas, it is not. The fact is that practically all the banks and financial companies offer these products, so it would be useless to put you a list.

However we want to give you some information and suggestions anyway. For example, in these days, there are some lenders that are providing loans at very low rates. These include Findomestic (with fixed interest rates of around 7%), Unicredit and Intesa (the two main Italian banks that allow loans under 7%) and BNL.

 

 

When asking for personal loans, is it better to do it with or without a guarantor? This is one of the most widespread questions in this area, as many people do not have a clear understanding of the role of the guarantor as regards the provision of personal loans. First of all it must be said that a guarantor is not always necessary (in many cases there is no need for this, which in fact is a further guarantee).

 

It must also be said, but we will see it in more detail later, that not everyone can act as guarantor. The purpose of this article is to clarify this topic once and for all. Let’s see in detail everything you need to know about personal loans and the figure of the guarantor.

When does the guarantor serve?

First we try to understand when it is really necessary to have a guarantor. As we all know, getting a personal loan is not a simple thing at this time. Banks and financial institutions demand precise income guarantees without which it is impossible to access credit.

Even if the guidelines are different according to the credit institution, we can say that the basic rule imposes a ratio of income to income of 20% . This means that with a monthly income of 1000 euros you can not access a loan with an installment of more than 200 euros. This, in part, may be a limitation, but, of course, it is a rule designed to limit people’s debt exposure.

To overcome this obstacle one can resort to a guarantor . Another context in which it is fundamental to have recourse to the guarantor for access to a personal loan is that relating to the lack of sufficient guarantees. It is the case of a precarious worker, that is, without a permanent employment contract, or even if they are reported as bad payers.

In this case too, the signature of a guarantor is fundamental for obtaining the financing required by circumventing the problem of claims in crif or protests in progress. Finally, another example is that relating to personal loans for pensioners . When the applicant is of an age close to the limit granted, the credit institution may request the signature of a guarantor as an additional insurance against the payment of the entire loan.

Can everyone be the guarantor for a loan?

Another question that many ask is: can everyone be the guarantor? The answer to this question is no. To be able to act as a guarantor a person must necessarily have certain basic requirements that we have summarized below:

• income : a guarantor must have sufficient income to support any payment of an installment of the personal loan. Basically it takes an income from employment, with a permanent contract, an income from self-employment or a retirement pension. All this without forgetting that the guarantor’s income must be related to the amount of the loan and the monthly payment.
• loans in progress : those who act as guarantors should not have other personal loans or mortgages in progress as they significantly reduce the possibility of acting as guarantor.
• historical debtor : it is very important that the guarantor has no reports in crif or that he has not been protested. In this case, in fact, the bank will refuse the loan application in 99% of cases.

These are, in short, the main requirements that should have a person who wants to act as guarantor for a personal loan.

The guarantor in online funding

Today it is possible to request financing directly online with a great saving of time (avoiding files in the branch) and money (often banks and financial institutions apply cheaper rates to those who choose a loan on the web). Even when you need a guarantor you can apply for personal loans online.

It will be sufficient to send also the documentation related to the guarantor and, in principle, there should be no problem (except for other problems detected in the control phase by the credit institution to which it is addressed).

Who is the guarantor?

Before concluding, we feel obliged to investigate the aspect relating to the figure of the guarantor. It often happens, in fact, to find themselves faced with requests that can put in difficulty. Do the guarantor always be convenient? When is it right to say no to those who ask us to act as guarantor for a loan?

In principle, you should only accept requests from people you trust, of which you are sure. The risk, as we have said, is that in the event of failure to pay the installments, the guarantor has to face them. So if you know that the request has come from a person who is not serious or, however, inclined and not pay their debts with the banks or financial know that you risk having to take charge of this slope.

It is hardly a novelty to find problems when trying to apply for pensioners with social pensions , since there are regularly institutions unable to offer, at any interest rate, this funding opportunity. Below, we will see all the information necessary to understand whether it is possible or not, in these cases, to successfully request the granting of micro-credit with installment repayment on the pension.

Let us first look at the differences between the more classic pension and the social pension: while the former refers to the contributions paid during the years of work, the second is obtained by the State in the case of absence of the minimum contributions. Equal to a maximum of € 447.61, this type of pension often involves the non-granting of the loan, due to the low amount received per month.

Loans for pensioners with a social pension are not normally available, especially if reference is made to the classic repayment procedure with the assignment of the fifth monthly installment from the pension. The reason lies in the law in force on the minimum amount of survival, paid by the state by check and impossible to reduce: restrictions that would instead occur with the subtraction of the fifth.

The only alternative route that can be followed is that of the mortgage loan, which can be requested by persons aged 60 and over and with a house owned by them. Following an appraisal, it will be possible to obtain a loan for a value between 20% and 50% of the cost of the apartment .

The balance of debts will occur only after the death of the applicant, without touching the social pension: it will be the heirs who have to repay within a year the amount due to the institution of reference, with the latter that in case of non-compensation will occur of the mortgage on the apartment. In any case, this is a very special form of financing, to be chosen only in case of absolute necessity on the part of those who want to apply for pensioners with a social pension.

 

Today and today, with the economic crisis that continues to rage , with unemployment always at high levels, especially for young people, and with pensioners who see their purchasing power go down more and more, apply for a loan , even a lot small , it can make the difference to be able to arrive or not at the end of the month.

 

These are small sums of money often requested by people who work with atypical employment contracts when not completely in black, or by people with particularly disadvantaged situations, such as the presence in the family of unemployed, disabled, many children, low income, etc ..

Presenting oneself at a bank or financial agency to request small amounts , perhaps without many guarantees, seems only a waste of time, and often these people ended when forced, with the request for help from friends, family members and, when this was not possible, to not recommendable people.

Small fast loans via SMS

Today, however, there is another solution to be able to arrive safely at the end of the month, and are the small fast loans via SMS. It is a loan with which you can request from 50 up to € 500, repayable in up to 30 days, then more than suitable for the ordinary needs of the month.

To request this type of loan, you need to be a current account holder with a credit institution, and the latter provides this type of possibility. In this case it is necessary to register on the website of the credit institution, providing all your credentials.

When you need the small loan , you will need to send an sms with the request for the amount, and the bank will respond with the actual cost of the loan and the possibilities of repayment, within the 30 days of the maximum limit.

Once you have read the conditions offered by the bank, you can choose the solution that best suits your needs and accept the loan . In this case the amount requested will be credited within a short time from the confirmation, even a few minutes, directly to your current account.

As for the costs, they are considered a bit ‘all very high, perhaps because it is a practice still little used in Italy, and many lenders apply quite high costs. This request for a loan via text message is a widespread practice especially in Northern Europe, but that is starting to take place gradually even in Italy.

These are very easy loans to obtain , as credit institutions already have all the documentation related to your financial situation. Furthermore, there is no need for further guarantees, given that the entire transaction is carried out by crediting and debiting the current account, again within the bank itself.

It is a solution that can be useful to get to the end of the month in case of problems, or to face an unexpected expense or to help you pay an installment without going into the red with the bill.

 

The loans that have been changed are a particular type of personal loan and are based on the stipulation of bills that the debtor undertakes to pay at the fixed term. Usually the payment of the bills of exchange changed monthly, but the customer and the credit company can, by mutual agreement, establish a different frequency for the payment of bills.

Although currently the major bank lending institutions and many lending companies have decided to remove loans changed from their product package, in the last few years special lending companies have developed and developed on this type of personal financing. They provide the client with the required financing, at the same time issuing the bills necessary to repay the loan completely.

Money collateral loans

 

In addition to traditional loans being changed, there is another type of loan: personal loans to guarantee exchange. This type is widely used to regulate lending between individuals, always respecting obviously the maximum limits of interest imposed by the prohibition of usury.

In order for a converted loan to be properly stipulated, the customer must provide the creditor with a valid guarantee . This varies according to the loan applicant and is the employee severance indemnity fund, a guarantor for newly hired employees and a life insurance policy (initiated by a minimum of two years) for freelancers.

In reality these guarantees are not mandatory, at least in terms of the law, but are requested by the creditor to have greater security, in addition to the bill of exchange.

Loans changed, if we exclude bills, are practically indistinguishable from other types of personal loans.

The applicant can personalize the loan, choosing the amount to be requested (up to the maximum established by the creditor, based on the repayment capacity of the debtor), the duration of the loan (usually from a minimum of 12 to a maximum of 120 months) and possibly the possibility of extinguishing the entire loan in advance. As previously described, the creditor may request further guarantees, in addition to that offered by the issue of the same promissory note.

The advantages

The changed loan offers considerable advantages compared to traditional personal financing :

1. A loan that has been changed, to be granted, does not necessarily require an inspection of the applicant in the database. The only exception is the collateral loan financing.
2. Bad payers can apply for and obtain a changed loan. Usually the loan is not granted to protestants, but it is possible that the sum requested will be paid to them, according to the choice of the single credit institution.
3. You can apply for a loan that has been changed even if you do not have a paycheck because the issue of bills of exchange is a sufficient guarantee for the creditor.
4. It is a more flexible loan, capable of meeting any debtor’s difficulties: the client may request to reduce the amount of the installments even on loans already made, increasing the overall duration of the loan (and consequently increasing the rate of interest).

How the bill works

The issue of bills of exchange, which allow you to take advantage of the advantages described, is also the negative aspect of the loan changed, due to the nature of the bills. The bills are executive securities , therefore the creditor has the right, at the expiration date, to obtain the payment, without having to provide, in case of delay of the debtor, further evidence of the legitimacy of the transaction.

With the loan changed, it is easier for the credit company to get the payment, possibly by distraint and selling the debtor’s assets that delay the payment of the installment. The credit recovery of traditional personal financing is instead a much slower procedure.

The loan is a good solution for those who need financing , but can not take advantage of other types of loans. It must be remembered that this type of personal financing is not the best in terms of interest to be paid, so it is advisable to compare, if possible, the loan with other personal loans options.