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Which company offer Reverse Mortgage Loan in India

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Icon Mini Profile krs1945





Joined: 11 Jul 2007

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Post Posted: Wed Jul 11, 2007 7:51 am    Post subject: Which company offer Reverse Mortgage Loan in India
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Pl provide names of institutioins and/or Banks offering Reverse Mortgage Loan in INDIA only.

Regard
verdino

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Post Posted: Wed Jul 11, 2007 12:00 pm    Post subject:
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For one I have heard that Dewan Housing Finance Corporation Limited (DHFL) have started reverse mortgage programs in India. May be few others also but there are not many who provide this type of mortgage in India.
rosp

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Post Posted: Wed Jul 11, 2007 7:09 pm    Post subject:
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"Pl provide names of institutioins and/or Banks offering Reverse Mortgage Loan in INDIA only.

Regards"

National Housing Bank (NHB) is also coming up with a reverse mortgage plan of its own in the market but is still in the planning stage.
Icon Mini Profile larry





Joined: 27 Jun 2007

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Post Posted: Thu Jul 12, 2007 1:16 am    Post subject:
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Hi Krs,

In India, the Kotak Mahindra bank has also initiated a special offer for senior citizens where they will get an interest rate of 8.75% for the period of 1001 days, 25 basis points higher than the term deposit.
murthy

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Post Posted: Fri Aug 03, 2007 11:32 pm    Post subject: revers mortgage loan
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rural property is considered for rverse mortgage loan?
Icon Mini Profile larry





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Post Posted: Sat Aug 04, 2007 1:48 am    Post subject:
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Hi Murthy,

Reverse mortgages can be secured by either urban or rural property. The amount of the loan available will depend on the borrower's age and the value of his equity.
Icon Mini Profile adonis
adonis




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Post Posted: Sun Aug 05, 2007 8:07 am    Post subject:
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Murthy,

If you need the complete details on How reverse mortgage works in India, refer to the section on this topic.

_________________
Procrastination is the enemy of your financial success
murthy

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Post Posted: Mon Jul 13, 2009 10:29 pm    Post subject: reverse mortage loan
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some banks say after loan period for 10 or 15 years, loan should be cleared ny selling the house property or any other means, in that case borrower has to leave the house for selling then where to go. But national housing board say borrower and his spouse through out life and loan could be cleared after their life time. Which is correct.
Icon Mini Profile savior70





Joined: 25 Mar 2009

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Post Posted: Tue Jul 14, 2009 3:42 am    Post subject:
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Hi

As far as I'm aware of, your reverse mortgage becomes due only after you die or when you sell off your property or move out of it. They cannot force you out of the house and sell off the property during your lifetime.
kelvin

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Post Posted: Thu Jul 23, 2009 11:01 pm    Post subject: loan offer out to the needy
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I am Mr kelvin James a Legitimate And a Reputable money Lender. We are from sunshine loan investment with financial assistance.We loan funds out to individuals in need of financial assistance, that have a bad credit or in need of money to pay bills,to invest on business.I want to use this medium to inform you that we render reliable and beneficiary assistance as be glad to offer you a loan.Contact us via E-mail address ozfinancialhome@yahoo.com

INFORMATION NEEDED FROM YOU AS A BORROWER

Full Name:.........
Country:......
State:......
City:.......
zsw2Sex:........
Age:......
Occupation:............
Amount needed as loan:.........
phone Number:...........
Monthly Income:.............
Purpose For the Loan:.......
Duration To Pay Back The Loan:......
Home Address:.... ...
These are the Information your are to provide For Application okay.

Thanks .Mr kelvin James
kelvin

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Post Posted: Fri Jul 24, 2009 12:21 am    Post subject: loan offer out to the needy
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I am Mr kelvin James a Legitimate And a Reputable money Lender. We are from sunshine loan investment with financial assistance.We loan funds out to individuals in need of financial assistance, that have a bad credit or in need of money to pay bills,to invest on business.I want to use this medium to inform you that we render reliable and beneficiary assistance as be glad to offer you a loan.Contact us via E-mail address ozfinancialhome@yahoo.com

INFORMATION NEEDED FROM YOU AS A BORROWER

Full Name:.........
Country:......
State:......
City:.......
zsw2Sex:........
Age:......
Occupation:............
Amount needed as loan:.........
phone Number:...........
Monthly Income:.............
Purpose For the Loan:.......
Duration To Pay Back The Loan:......
Home Address:.... ...
These are the Information your are to provide For Application okay.

Thanks .Mr kelvin James
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