Retired people can also apply for loans.

However, there are certain prerequisites. The first one is the age limit. General loan products have certain regulations on the age of the borrower, usually within the range of 22-60 years old. Others have relaxed the age limit to 18-65 years old. Beyond this age limit, too old or too young, you will be blocked from the loan door

Another thing that cannot be ignored is the receipt of pensions. Is there a pension and how much is it? All will have an impact on your loan application. Retirement pension is also an important proof to ensure your ability to repay the loan. After excluding basic monthly expenses, the greater the savings, the stronger your ability to repay the loan.

In addition to credit loans, you can also apply for a mortgage loan. If you have a property or car or other valuable items as collateral, you can also get a loan based on this. However, the procedures may be relatively cumbersome and the loan cycle will be longer.