Borrowing after the age of 60 is not impossible. Some banks even find advantages to this type of profile. However, the borrower insurance is a major obstacle for seniors who wish to subscribe a mortgage. These will have to justify strong guarantees to convince the bank. Banks have been reluctant for a long…
Month: April 2019
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Revolving Credit
What is a revolving loan? Revolving credit is a short-term loan with the possibility of renewal up to the agreed limit. It is similar to an overdraft, but it is independent of the current account. One of the latest is Zaloan Credit. This is provided by Zaloan Bank, so far known mainly as…