Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Age eligibilitySingle borrower aged at least 60; for joint applications the spouse must be older than 55
Source 1Maximum financeUp to ₹2 crore in specified major municipal-corporation areas and ₹1.5 crore at other centres
Source 2Published tenure10 to 20 years depending on borrower age
Source 3Processing fee0.35% of the loan amount, minimum ₹3,000 and maximum ₹12,000, plus GST.Effective 1 Apr 2026
Source 4Benefits and features
- Senior-citizen design
- Up to 20 years
- No prepayment penalty
- Published metro and other-centre ceilings
Eligibility
- Resident Indian senior citizens must own eligible residential property and meet age and title requirements.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Application and KYC
- Registered title or sale documents
- Property and occupancy evidence where applicable