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  • Home Loan for Pensioners and Senior Citizens - Complete Info

    There are a number of financial institutions which offer home loans for pensioners and senior citizens. Listed below are some of the best home loan offers from different banks and NBFCs wherein a senior citizen or a pensioner can avail home loans. Compare and get the best deals on home loans.

    Features and Benefits of Home Loan for Pensioners and Senior Citizens

    • Nominal fees and charges
    • Discounted rates of interest
    • Quick processing and disbursal of loan amount
    • Easy and hassle-free application and verification process
    • Avail the benefit of convenient loan repayment tenure

    Best Home Loans for Pensioners and Senior Citizens

    Home Loan for Pensioners Best for
    Tata Capital Home Loans Monthly Pay-outs
    LIC housing Finance Lowest Interest Rate

    Compare: Home Loan Interest Rate

    1. Tata Capital Home Loans for Pensioners and Senior Citizens

      Tata Capital offers home loans for pensioners and senior citizens in multiple variants such as regular home loans, joint home loans, and reverse home loans. The highlights of the schemes can be summed up as follows:

      • Loans are available at attractive rates of interest
      • The home loans are available against property and insurance policies
      • The applicant should be a pensioner
      • The reverse home loan scheme offers monthly pay-outs throughout the loan tenure
      • Pensioners can also avail a joint home loans to increase the chances of the loan approval

      Explore: TATA Capital Home Loan

    2. LIC HFL Home Loans for Pensioners and Retired Individuals

      LIC Housing Finance Ltd. offers home loans for all eligible pensioners. There are 2 different types of schemes which are available. On the basis of the retirement age of the borrower, LIC HFL offers a ‘Before Retirement’ loan and an ‘After Retirement’ loan. The features and benefits of the LIC HFL Home Loans can be listed as follows:

      • Competitive rates of interest which start at 6.90% p.a.
      • Avail a loan repayment tenure of up to 15years or 70 years of age (earlier of the two)
      • The loans can be availed for purchasing, constructing, or extending of a house property
      • Quick and hassle-free loan processing and disbursal process

      Explore: LIC Housing Finance


    A number of banks and NBFCs offer home loans for senior citizens and pensioners. Senior citizens and pensioners who fulfill the eligibility criteria of these financial institutions can avail the home loans. There are a number of benefits and features offered on home loans for the senior citizens. You can compare, choose, and apply for the one that best suits your requirement.


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