A reverse mortgage loan is a type of credit availed against a mortgage property specifically suited for senior citizens. The borrower is sanctioned a certain percentage of the property value as the loan which is disbursed to him/her periodically. Such a credit is tailor-made to provide the basic financial requirements of a pensioner or a retired individual.
With a reverse mortgage, the borrower can avail funds in the form of monthly payments to cover any emergency or periodic expense.
With no immediate liability for repayment, a senior citizen can make the most of this reverse mortgage scheme as long as he/she lives.
Also Read: What are the Benefits of Reverse Mortgage
Apply for this loan and gift yourself and your spouse a secure post-retirement life.
Apart from senior citizens, other individuals may opt for Bajaj Finserv’s Mortgage Lan with easy eligibility and documentation requirements. Avail the funds at affordable and convenient Mortgage Loan interest rates.
Apply online and enjoy the fastest Mortgage Loan disbursal within 4 days of approval.