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Lending Expert's

We’re finance experts. This means we know our stuff when it comes to helping our customers find the right loan for them. We know where the best deals are and have access to exclusive deals just for Lending Expert customers.

Huge Market Comparison

As a comparison website and credit broker we’re not tied to one credit card provider. This means we can search the wider market to find you the best loan deals from across the UK.

Huge Market Comparison

Lending Expert is an FCA regulated credit broker which means if you decide to proceed with loan you can be assured you are dealing with a legitimate and reputable finance company.

Saving You Money

With the help of our approved partners we will search the market to find you the best loan deals. Our comparison service will save you time and money and ensure you're getting the right type of loan available.

Before you apply for a guarantor loan ensure that you have a suitable guarantor in place who has agreed to act on your behalf and understands the responsibilities. This will help speed up your application process and make the process easier when you come to apply.


Find the Best Loans for People on Pensions with Lending Expert Today!

As you proceed in life, it is common that a lot of your money can be tied up in assets or the property that you live in. Rather than selling this earlier than you need to, a loan for a pensioner could give you the cash injection you need to pay your monthly bills, buy gifts for your children and grandchildren or pay for holidays and travel.

With increasing living costs and age expectancy in the UK at an all-time high, we understand how important it is to find a pensioner loan that is affordable and right for you.

At Lending Expert, our free price comparison shows a list of options including unsecured, guarantor and secured loans for pensioners- allowing you to get a full market overview and find the best loan for you! Whether you are looking to borrow £100 to £250,000 – you can simply check your eligibility by clicking on the lender of your choice.

Our unsecured loan partners can typically complete loans within 48 hours and secured loans can be approved and transferred within 4 weeks of applying.


We proud to offer a number of affordable loans for pensioners including:

  • Loans for the elderly
  • Loans for people over 60
  • Loans for people over 70
  • Loans for people over 80
  • Loans for retired people
  • Loans for senior citizens


Can I Get a Pensioner Loan with No Income?

Yes, our UK lenders are willing to consider all different forms of income if you are looking to borrow money as a pensioner. This includes any income you make by working full-time or part-time, renting out a property, investments or also any money you receive from a state pension or disability benefit (but not housing benefits).

If you do not have any income coming in, you also have the option to use your home as an asset (see home equity loans or equity release). This allows you to sell off part of your home until you die or go into long-term care – so you and your partner can still continue living in your home for the rest of your lives.


What Loan Options Are Available for Pensioners?


Unsecured/Personal Loans

With an unsecured loan, you can borrow money and your eligibility is based on your income and credit status. With competitive rates starting from 2.9% APR, this type of loan is perfect for borrowing a few hundred or thousand pounds and is perfect for those who still have a regular income and good credit score.


Guarantor Loans

Ask a family member, sibling, spouse or friend to act as your guarantor and they will agree to cover any repayments that you cannot make. Guarantor loans are available from £500 to £20,000, repaid over 1 to 7 years.

Secured Loans for Pensioners (see also Homeowner Loans and Debt Consolidation Loans)

Secured loans allow you to borrow money secured against a property that you own, either partially or outright. You are able to borrow depending on much equity you have in your home and the value of the property.

With rates from 3%, this can be very affordable and also help you borrow large amounts such as £50,000 or £100,000 or more. However, if you struggle to make repayments on time, this could put your home in risk of repossession.

Home Equity Loans/Equity Release

Home equity or equity release loans can help you unlock money that is tied up in your home. You can essentially sell off 20% to 60% of your home (see lifetime mortgages) or up to 100% of your home (see home reversion) to a lender and continue to live in the property until you die or go into long-term care.

This option can be useful if you are looking for a large, tax-free lump sum – and you can arrange to put money aside for your children’s inheritance and also benefit if your property increases in value.

What is the Eligibility Criteria for a Loan for Pensioners?

  • Will need a regular income or state pension (for unsecured loans)
  • Will require a guarantor (guarantor loans)
  • Will need to be part or full owner of a property (secured loans)
  • Have paid off part of the entire mortgage (equity release)
  • Be able to afford monthly repayments
  • UK bank account, mobile phone and email address


Can I Apply for a Loan for Pensioners with Bad Credit?

Yes, Lending Expert is pleased to offer a number of pensioner loans for bad credit histories – with secured loans and equity release helping you to unlock the values of your homes and give you a well-needed injection of cash.

With products that involve security and collateral, our lenders are looking more at the value of your asset, rather than your credit score. With secured loans, the provider is able to recover their losses if you are unable to repay. Meanwhile with equity release, the lender will be able to claim a share of your property when you die or go into long-term care.


Is a Pensioner Loan Right For Me?

When applying for a loan with a pensioner, it is important to consider all your options, including how much you wish to borrow, how long for and whether you can afford it.

If you have spent years living in your home and have finally paid off your mortgage, you may not want to use this as collateral.

Using equity release can provide an effective injection of cash, but be sure to explore your different options if you want to move home one day and pass on inheritance to your children.


Do I Need a Pensioner Loan?

If you have a particular purpose or reason for needing money, Lending Expert is delighted to offer you a number of affordable options. Every lender offers an online application, with no-obligation and there are no fees for applying.

If you are having second thoughts, always consider alternatives such as borrowing money from family and friends or selling items around the house that you no longer use.


Why Should I Use Lending Expert to Find The Best Loans for Pensioners?

At Lending Expert, our passion from the start has been to provide the best loan options for the best people. Our clear, concise and fully-updated price comparison table can give you a list of viable options and help you make the most informed decision when applying for a loan.

There are no fees for applying with our selected lenders and any applications will not impact your credit score.

We are dedicated to providing our customers with the best information possible and also offer a wide range of finance and pension guides written by our team of experts.


Can I take out a loan against my pension?

It is possible to take out a loan against your pension, but we’d exercise caution doing this. It’s an extremely expensive way to borrow money as the rates of interest can be jaw-dropping. Essentially, you sign over your monthly pension payments in exchange for the loan, which can last anywhere between five to ten years. Plus, you may be obliged to purchase a life insurance policy with it, further increasing the cost. We strongly advise you carefully consider all your options before taking out a loan against your pension.

Can I get a loan if I am a pensioner over the age of 65?

Yes. There are a range of lenders who are willing to provide both secured and unsecured loans to pensioners over the ages of 60, 65, 70 and 75-80. As an older borrower there will be limitations on the loan term available. Benefit and pension income can be taken consideration if you are not in employment. You can quickly check your eligibility & apply online with Lending Expert.

Can I get a loan without proof of my income?

You will be required to show proof of your income. This may be from benefits such as a pension, earnings via employment and PAYE, or SA302 forms if you are self employed. However, there are solutions for buy to let loans where no proof of income is required, and the only requirement from the lender is proof of the tenancy agreement covering the rent.

Can I get a loan without a credit check?

No. All of the lenders and brokers on our panel will require a credit check to ensure your credit worthiness. However, there a selection of lenders who can lend if you have adverse or bad credit.

Can I get a loan with a bad credit history?

Yes. There are a good selection of lenders willing to borrow to those who have retired or who are at pensioner age with a poor credit history or who have a low credit score. You can quickly check your eligibility & apply online for a pensioner loan with Lending Expert.

Should I use a broker or go direct to a lender?

The avantage of using a loan broker means that they can search a wider range of loans to find you the best deal at no additional cost to you. Also, if you have some adverse credit or a none standard loan application then using a broker may prove helpful in ensuring your loan application is a successful one.

I am retired and only working part time hours can I get a loan?

Yes. The lender will need to consider your part time earning capacity and if the loan you wish to take out is affordable. As an older borrower there may also be restrictions on the loan term depending on your age. The lender may also take onto consideration any pension benefits towards your income calculation. Our experts above will be able to provide you with advice on what options are available. You can quickly check your eligibility & apply online with Lending Expert.

Pensioner loans available from direct lenders. Check your eligibility and apply online for a loan in the UK here on Lending Expert.

Loans displayed have a minimum term of 12 months and a maximum term of 360 months. Maximum APRC charged 49.9%.

Overall Representative Example for Secured Loans

Based on borrowing £18,000 over 120 months. Interest Rate: 6.5% fixed for 60 months with instalments of £227.38. Followed by 60 months at the lenders standard variable rate of 4.95% with instalments of £221.71. Fees Broker fee (£1,530); Lender fee (£495). Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee and Lender fee. Overall cost of comparison 9.1% APRC.

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Personal Loans

Apply for a low rate personal loan online here at Lending Expert today.