Can A Retired Person Get A Personal Loan?

Can A Retired Person Get A Personal Loan?

Can retirees get personal loans?

Some banks make it incredibly difficult for anyone who is retired to get a personal loan. It’s almost impossible to convince a bank to loan you any amount of money once you’re over 65.
At Crester Credit, we are all about fairness and helping Kiwis, regardless of their age. We assess whether you qualify to get a loan against the same criteria as everyone else.

We help people with bad credit loans, loans for beneficiaries, people on a pension, and more assuming you can provide a form of security. If you’re interested in personal loans for seniors, keep reading to find out more about it and how you can get one.

Can I get a loan as a pensioner?

The answer is yes; you can get a loan as a pensioner; We don’t add a maximum age to our loans. You can borrow whether you’re 38 or 68.

The need for loans doesn’t stop as you age. Perhaps you need a loan so you can visit a sick family member, maybe you need a car loan, an emergency loan, or a loan to renovate your home. These crises will arise, and they don’t stop just because you’re ageing gracefully. Crester Credit understands and helps senior citizens get a personal loan without hassle. You can apply online here, or you can call us on 03 385 4854

Can you get a loan on sickness benefits?

Many people who are on sickness benefits are struggling with needing to be off work. Your income is likely to have dropped dramatically, and yet you still have bills to pay. So, if something else comes up such as if your car needs repairs, it can be a real financial challenge for many New Zealanders.

That’s why we still offer loans to those who are on sickness benefits, including retirees. Some things are necessary, like health procedures or repairing your oven when it breaks. A quick loan from Crester Credit can solve these problems and make life that little bit easier. There is no reason that you should go without the things you need.

Lending Criteria

We know it can be like running a marathon, trying to get all the loan documents together to apply for credit from the bank. And you’re still likely to be declined. To be eligible for a loan with Crester Credit, we ask for only three things from you. The first is a stable address that you can prove with bills or documents. The second is a photo ID. The third is a form of security (collateral). WE make your personal loan application easy by having a simple online form that only takes 8 minutes to complete. However, if you don’t like computers, we can help you over the phone. Or you can visit our friendly office staff in the office at 3 Shirley Road in Christchurch.

When you apply for a personal loan, we will ask for some information such as how much you want to borrow and your income. We are committed to responsible lending, meaning that we won’t loan you more than what we think you can pay back in the time frame that you’ve chosen. It is not considered wise to provide long term loans to retirees, which is why we limit ours to 3 years. Over 27.8% of all those who are bankrupt are 55 or older. We don’t want this to happen to you.
In fact, many of our customers love our services; you can read our Google reviews here before you apply for a loan.

Here’s How It Works

Online Loan Calculator

Start by using our online calculator. With this, you can figure out how much you want to borrow and how much you can afford to pay back each week. Our maximum personal loan term is three years, so you won’t be able to make repayments for longer than this period.

Online Loan Application

Click apply now and fill in our easy application form. It’s just one page and doesn’t take long to complete.


Our professional team will thoroughly check your personal loan application to ensure that it is a realistic amount for you to repay. Then, within 60 minutes, one of our experts will contact you to advise you of the outcome. If you are approved, you’ll be able to sign for it electronically. Every successful application receives a free gift as well!

Fast Cash Loans

Within 24 hours of signing, you could have the money in your account. The length of time will depend on your bank, but it’s still a speedy and easy process. Now you can go forth and get the things you need!


We provide upfront, transparent fees to retirees when applying for a personal loan. We understand the importance of honesty and explaining to you upfront what fees and interest you will pay on your loan.

That’s why our website features a handy calculator so you can see how much you would repay on a potential loan.

For example, a $1000 loan paid back over nine months will require you to pay $30 per week. You will spend $350.76 on fees and interest combined, meaning that you pay back a total of $1350.76.

In another example, say you can still only afford to pay back $30 a week. You could borrow $2000 and pay it back over 20 months. You will end up paying $657.32 in fees and interest, making a total of $2657.32 to repay.

Play around with the loan calculator and see what works for you and your needs.

Lastly, you no longer need to put off going to the doctor because you can’t afford it. You can also visit your new grandchild without the worry of how you’ll pay for it. Crester Credit is here to ensure that you can be there for the important moments. We can help you get back on your feet with realistic payment plans that give you freedom and flexibility.

If you have any questions,

we're here to help.




Get in touch with one of our

friendly team members today.

We respond to requests immediately, so we’ll get back to you super fast to discuss your request. In the meantime, check out our answers to common questions.


See some amazing feedback by Katrina about team member Tiff and the excellent experience she had with Crester Credit, a truly timely connection.

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