Housing.com-Ultimate guide to home loan for senior citizens
Owning a home is a dream for many, and senior citizens in India are no exception. While financial institutions primarily focus on younger borrowers, many banks and NBFCs offer specialized home loan schemes catering to retirees and senior citizens. However, getting a home loan in the later years of life comes with unique challenges, such as shorter loan tenure, stricter eligibility criteria, and the need for a stable income source. This guide explores everything senior citizens need to know about home loans in India, including eligibility, loan options, interest rates, and tips to improve approval chances.
