STUDY ON REVERSE MORTGAGE LOAN

  • Unique Paper ID: 153868
  • Volume: 8
  • Issue: 8
  • PageNo: 216-219
  • Abstract:
  • After a life time of Working and raising families, you deserve a good retirement period. SBI reverse mortgage loan provides an additional source of income for senior citizens of India, who have a self-acquire or self-occupied home in India. This product is beneficial for senior citizens who do not have adequate income to support themselves. The bank makes payments to borrower/borrowers (in case of living spouse), against mortgage of his/their residential house property. The borrower is not expected to service the loan during his life time.

Cite This Article

  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 8
  • PageNo: 216-219

STUDY ON REVERSE MORTGAGE LOAN

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