Can I take out a loan as a pensioner?

Yes, as a pensioner you can take out a loan in Switzerland, as many banks and credit institutions offer loans specially tailored to pensioners, as long as you can provide the necessary requirements and documents.

How much credit can you get as a pensioner?

Pensioners get loans between CHF 3,000 and CHF 50,000. The exact loan amount is determined individually, based on your financial situation and your creditworthiness. How much credit you receive as a pensioner depends on various factors, such as your monthly income, your current obligations and your credit rating.

Until when do pensioners get a loan?

The age limit for granting loans to pensioners is 70. However, some banks also offer loans for older pensioners if additional collateral or a younger co-applicant is available.

What requirements do I have to fulfil for the pensioner loan?

To obtain a loan as a pensioner, you must fulfil the following requirements:

Regular income: You must be able to prove your pension payments.
Good credit rating: A positive credit report or comparable proof of your creditworthiness is required.
No debts: Your current obligations should be in proportion to your income.
Age: You should not exceed the bank's age limit.

What documents are required for the pensioner loan?

You usually need the following documents to apply for a pensioner loan:

Pension certificate: Proof of your pension payments.
Identity card or passport: For identification.
Account statements: For the last three months to show your financial situation.
Further proof of income: If you have additional income (e.g. rental income).

Similar loans to the pensioner loan

Similar loans to the pensioner loan are personal loan, small loan, consumer-credit and car-credit.

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