Arrago

About Arrago

Arrago is a financial services company that has developed a specific loan product for retirees over the age of 60 who own property. The company's primary offering is the "Prêt 60," a reverse mortgage loan that allows seniors to access capital without having to sell their homes or make monthly payments. This financial solution is designed to address the needs of a demographic often excluded from traditional banking services, providing them with a means to finance projects or manage unforeseen expenses.

The business model is centered on the provision of these specialized loans, which are secured against the borrower's real estate. The loan, along with accrued interest, is repaid from the proceeds of the property's sale upon the borrower's passing or decision to sell. Arrago operates in the French market, targeting the growing senior population that is asset-rich but may be cash-poor. The company's revenue is generated from the interest and fees associated with the "Prêt 60" loans.

Arrago positions itself as a key player in the senior financing market, offering a regulated and secure option for retirees to improve their financial flexibility. The company's approach is to provide a straightforward and accessible process, with no health questionnaires required, which simplifies the borrowing experience for its clients.