subject: Loans For Retired - Old Age Is Not An Issue Anymore [print this page] Loans For Retired - Old Age Is Not An Issue Anymore
Retirement after a certain age is inevitable. You cannot keep working all your life because as you grow older your health is not always stable. It is very normal to face a shortage of cash a while after you retire. Pension and government funds are provided but are not sufficient. What do you do in times like these? Who do you turn to? Loans for retired are the answer to these questions. Old age and retirement is no longer an issue with the availability of this advance.
Feasible financial support is granted to all the people who fall into the retired category to help them in times when they experience a money crunch. Such borrowers have two options to choose from. They may either go in for secured loans or unsecured loans. The secured loans for the retired, offer large amounts, which extend from 500 to 100,000. The tenures range from 1 to 25 years. The borrower must place an asset as security with the lender for the amount loaned. Due to this security placement the interest rate of the loans are a lot lesser and the amount is thus easily repayable is planned well.
On the other hand, unsecured loans for retired put forth smaller amounts to the borrowers. They stat at 1000 and extend to a maximum of 25000. The borrower is given a time span of 1 to 10 years to return the amount. This time span is determined based on the amount lent to him/her. The no collateral clause is the salient feature of this advance. On the down side however, it is accompanied with higher interest rates.
The procedure for applying is very convenient and extremely user friendly. All application procedures take place online and transfers are done instantly.
