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Reverse mortgage loans

Compare property-backed borrowing for eligible senior homeowners by age, location, amount and tenure.

5 products

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Baroda Ashray (Reverse Mortgage Loan)Bank of Baroda
+ Strategic Premium + 2.35% spread. The page's 0.00% effective-rate widget is not a published customer rate and is not treated as .
+ Strategic Premium + 2
Maximum loan amount including interest over the loan tenure is ₹1 crore, subject to the value of the property.
  • 15 years
  • the tenure may be extended until the borrowers' survival subject to advance property value.
Value awaiting review
Indian senior citizen above 60 years. Joint borrowers are allowed when one spouse is above 60 and the other is at least 55 at application. The borrower must own a residential house or flat in India in their own name and use it as a fully self-occupied permanent primary residence.
0.20% of the loan amount, ₹8,500 upfront minimum and ₹10,000 maximum, excluding .
1% plus of the outstanding amount for a fixed-rate Baroda Ashray loan.
Star Reverse Mortgage LoanBank of India
RBLR + 2.60%, presently 10.70% p.a.
  • RBLR plus 2.60%
  • current rate sheet shows 10.70% p.a. present rate.
Minimum loan ₹5 lakh and maximum loan ₹50 lakh. Property-value margin is 35% to 55% depending on borrower age.
Up to 180 months.
  • No monthly-income, gross-income or pension-as-only-source condition is required
  • the page explicitly says there is no such income criterion.
  • Principal borrower is an Indian senior citizen above 60 and not more than 80 years
  • must own and occupy an unencumbered residential property in India as permanent primary residence. Married couples may be joint borrowers if one is above 60 and the other is at least 55.
  • 0.25% of sanctioned limit, minimum ₹1,500 and maximum ₹10,000. Valuation and advocate fees are borne by the borrower
  • annual service charge is 0.25% of outstanding/recoverable loan at annual review.
No prepayment penalty is published.
Reverse MortgageIndian Bank
9.40% p.a. floating for Reverse Mortgage Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.
The current Reverse Mortgage rate row is labelled floating but does not identify a named benchmark or spread.
  • Maximum loan amount ₹75 lakh. A medical-expense lump sum can be up to 20% of eligible loan amount, capped at ₹15 lakh
  • the balance is paid as monthly annuity.
Up to 15 years, with provision to roll over after revaluation on fresh terms.
Value awaiting review
Senior citizen above 60 years, or a married joint-borrower couple where one is above 60, owning a self-acquired, self-occupied principal residential property in India with clear title, no encumbrance and residual life above 20 years.
0.30% of the loan limit under the current Indian Bank retail processing-fee schedule.
Prepayment is available without pre-payment charges.
PNB Baghban Reverse MortgagePunjab National Bank
  • Floating ++2.75%, presently 10.85% p.a.
  • fixed 11.85% under the current PNB Baghban rate row.
+ + 2.75% under the current PNB rate table.
  • Maximum qualifying loan, including interest, ₹1 crore
  • a medical-treatment lump sum is permitted up to ₹15 lakh.
  • The published reverse-annuity chart covers 10 to 20-year tenors
  • monthly payment continues for the chosen period or until the death of the last surviving spouse, whichever is earlier.
  • Not applicable
  • the reverse-mortgage page qualifies applicants by age, residency, property ownership and title rather than a salary or income floor.
Value awaiting review
  • Half a month's loan instalment, capped at ₹15,000
  • the current charge schedule lists this for reverse mortgage loans.
  • The borrower may pre-pay at any time during the loan or later
  • the reviewed official page does not publish a separate rupee prepayment fee.
SBI Reverse Mortgage LoanState Bank of India
  • 10.30% on current Reverse Mortgage Loan (RML) rate-card row
  • the card does not show a range or print '% p.a.'.
  • home and home-related loan pricing is benchmark-linked to the repo/External Benchmark Lending Rate. The current reference is 7.90% + + (effective 15 December 2025)
  • the borrower- and product-specific / is set under current card-rate terms. home-loan portal also states that a change in the benchmark repo rate changes the account interest rate.
Up to ₹2 crore in specified major municipal-corporation areas and ₹1.5 crore at other centres
10–20 years, depending on the borrowers' age
Value awaiting review
  • Single borrower aged at least 60
  • for joint applications the spouse must be older than 55
Reverse Mortgage loan: 0.35% of the loan amount, minimum ₹3,000 and maximum ₹12,000, plus .
No pre-payment penalty

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.

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