Today we are dealing with the relationship between loans for pensioners and subjects who receive a disability pension, trying to understand if there are and possibly what are the discriminating factors between a request made by an invalid person and one who does not receive an invalidity pension or who has no serious and certified health problems.
Disability pension and loans
Let’s start with a consideration: the invalidity does not represent a discriminant from the point of view of the loans, since it does not directly influence the ability to repay the loan. In light of this, it is possible to say that this factor is not usually considered by the lenders when analyzing the loan request itself.
On the other hand, as is the case with any other loan, the reliability and economic history of the subject. The applicant, in fact, must not have open loans and clearly will have to meet all the personal requirements usually required to access a loan to any person. Another fundamental factor lies in the need to prove one’s income by presenting one’s coupons.
The fundamental aspect is therefore the economic one, the invalidity comes into play only and exclusively if the possibility of death of the subject increases in a proven and important way, a situation that as can be guessed would expose the bank or credit institution but above all the insurance linked to the loan.
In fact, let’s not forget that all the loans are now insured, an option that protects the applicant and the heirs in the event of unforeseen events that hinder the payment of the installments, but also the bank which thus has certainty of repayment of the amount that has been paid.
Invalids and loans: some practical examples
Let’s assume that the person who needs to take out a loan is a person who receives a pension of 800 USD per month. In this case it is legitimate to think that the subject is willing to pay a maximum installment of 200 USD and not higher, since a higher amount would put at risk the spending and survival capacity of the subject himself. In addition to this, it is worth considering that the residual amount must be at least equal to approximately 500 USD, a figure set as the monthly survival threshold.
The type of loan to which subjects can more easily have access is the one managed through the transfer of the fifth, although in these cases, as mentioned, there are some self-protection by the bank, however justified by the situation. The granting of the loan by transferring the fifth is in fact subject to the analysis of the disability pathology that affects the applicant.
The motivation is to be found in the need to link the loan to a life insurance policy, which cannot be granted to subjects who have such a serious disability that they can lead to the death of the subject in the short term. Therefore, the pathology found by the subject and certified by the attending physician or by the ASL at first, and by experts of the body that provides insurance coverage at a later time and definitively, acquires importance.
Therefore, if you receive an invalidity pension for a not serious pathology, or rather such as not to portend your imminent death, you can approach the world of the loan like any other subject and you can evaluate, in addition to the classic assignment of the fifth, also loan solutions. personal or aimed at performing certain actions.
A single forethought, more personal than economic, concerns the need to avoid “diving” into loans that involve too high installments and which would not allow you to manage any extra expenses that may arise over time and may be necessary for your survival or your well-being. Prudence, therefore and prudence before accepting the request!