A pension loan is a way of getting a loan when all other more traditional loan options have been exhausted. It allows you to take a loan today against your pension and only repay it when your pension is due to be paid out, usually at 60+ or in some cases, 65+. A pension loan differs to pension release in that no money is taken from the pension so no benefits are lost. If you wanted to, you could repay the pension loan before your pension maturity date however most people will repay the loan only at this time. The other thing to note aboutpension release products is that they are usually only available at 50+ whereas a pension loan is available at anytime as long as there is a minimum of £20,000 in the pension fund.

So if you are interested in taking out a loan against your pension, get in touch with us today by applying here.