Can senior citizens take home loans?
Live MintHaving your own house has its own perks. When a senior citizen earns a regular income in the form of pension or rental income, or already owns a house, he is generally eligible to apply for a home loan. Although most banks are averse to offering home loans to senior citizens, there are some financial institutions which enable the grey-haired men and women to lead their retired lives in their own abode. Let us understand what are the different options available with senior citizens to apply for home loans: I. LIC Housing Finance: The housing finance company allows home loans for the applicants who are less than 65 years of age and are drawing a monthly pension. Tata Capital: This financial service provider also offers home loans for pensioners and senior citizens.
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Home Loan for Retired People: 5 Things to Keep in Mind Before Applying
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