Sep 08, 2016 at 11:43 | Source: Housing.com/news
Under the Reverse Mortgage Scheme (RMS), a senior citizen can opt to receive an additional source of income on the security of an owned residential house, without having to service it during his lifetime. R
Sep 15, 2015 at 20:39 | Source: PTI
On auctions of mortgaged assets in the recent past, he said the process is being received well but declined to give details of the money raised.
Apr 12, 2015 at 15:07 | Source: PTI
For women borrowers the rate has been aligned to the base rate at 9.85 percent per annum, SBI said in a statement. However, for other borrowers, the interest rate will be 9.90 percent, 5 basis points higher than the base rate or the minimum lending rate.
Dec 30, 2013 at 10:01 | Source: PTI
Kotak Mahindra Bank, one of the youngest lenders among the domestic players, joined its larger peers SBI, ICICI Bank and mortgage major HDFC in cutting the home loan rate by 0.25 percent last week.
Jun 27, 2013 at 18:19 | Source: Moneycontrol.com
Balwant Jain of apnapaisa.com explains about the reverse mortgage scheme launched by the Government of India. He also discusses the income tax benefits under this scheme.
Oct 10, 2012 at 13:31 | Source: CNBC-TV18
Explaining the concept of reverse mortgage, Pankaj Mathpal of Optima Money Managers told CNBC-TV18 that reverse mortgage is opposite of a home loan.
Jul 12, 2012 at 17:08 | Source: CNBC-TV18
Ahead of RBI's monetary policy on June 30, SBI feels that CRR cut is the need of the hour and more relevant than a repo and a reverse repo cut.
Mar 24, 2012 at 09:02 | Source: Moneycontrol.com
Banks are preparing to introduce switch facility for their existing home loan borrowers. Indias largest lender, SBI has already launched such a product. State owned lenders including Central Bank of India and Union Bank of India too are likely to offer on similar lines. Mortgage lender HDFC has an existing switch facility.
Sep 09, 2011 at 14:46 | Source: Moneycontrol.com
Four socio-economic and demographic trends are clearly discernible in India. At the societal level, the intergenerational contract is changing and with more and more neutral families, some children no longer feel the obligation to care for their parents.
Aug 04, 2011 at 16:28 | Source: Moneycontrol.com
Can banks refuse to give loans to senior citizens? What are other options if banks reject? We find answers to your questions. We also find alternatives for you.