+91 7090247247
User Login/Sign Up

Free Deeds & Drafts
Partner Login/Sign Up

Propertified Direct

Realtors
- - RERA Consultation
  - Agents - Resdential
  - Agents - Paying Guest
  - Agents - Land
  - Agents - Institutions
  - Agents - Commercial
  - Agents - SEZs & Corporates
  - International Agents
Builders
- - Builders - Residential
  - Builders - Commercial & Industrial
  - Developers - Commercial & Industrial
  - Builders -Institutional
  - Developers - Residential
  - Builders - SEZs & Corporates
  - Developers - Institutional
  - Developers - SEZs & Corporates
Property Managers
- - Residential Property Management
  - Commercial Property Management
  - NRI Property Management
Legal & Drafting
- - Legal Opinion (Written)
  - Affidavits
  - Property & Documents Inspection
  - Registration Assistance
  - Agreements/Deeds
  - Lease/Rental Agreements
  - Procure Revenue Documents
  - Packages
  - Utility/Property Payments
  - Power of Attorneys
  - Wills
    - Make A will
    - Make A Codicil
  - Consultation on Property
    - Property Buying
    - Property Selling
  - Construction Approvals
    - Residential
    - Commercial
  - Notary & Attestation Services
NRI Services
- - Property Search
    - Land And Property Search
  - Propert Transfer
    - Land and Property Transfer
  - Property Partition
    - Partition of Land And Property
  - Landlord Tenant Disputes
    - Landlord Tenant Disputes
  - Property Disputes
  - Buying Selling of Property in India
    - Buying/Selling of Property in India
  - Investment/Realestate Claims
    - Investment/Realestate Claims
  - Succession Certificate
    - Succession Certificate
  - Power of Attorneys for NRIs
    - General Power of Attorney by NRI
    - Special Power of Attorney by NRI
Corporate Services
- - SEZ Approvals
  - Project Approvals
  - CREDAI Registration
    - CREDAI Registration Assistance
  - Forming Owners Associations/Societies
    - Apartments
    - Layouts
  - Land Sourcing
Architects
- - Residential & More
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Surveyers
- - Expert & Residential
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Engineers
- - Chartered Engineers
  - Design Engineers
  - Structural Engineers
  - Civil Engineers
Valuers
- - Residential
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Interiors
- - Expert
  - Residential
  - Commercial & Industrial
  - Institutional
Contractors
- - Civil
  - Expert/Custom
  - Borewell
  - Fabrication
  - Flooring
  - Other/More
  - Roofing
Loans
- - Residential Loans
  - Institutional Loans
  - Corporate Loans
  - Commercial & Industrial
Vastu
- - Residential Vastu
  - Commercial & Industrial Vastu
  - Institutional Vastu
  - SEZs & Corporates Vastu

Latest News

Back

Home Loans For Senior Citizens

Courtesy/By: Snigdha Kashyap | 08 Jul 2018

Home loan criteria are getting more and more flexible and broader. Senior citizens who are recently retired or are about to retire can secure home loans too without and difficulty. Home loans are being secured loans i.e dependent upon the life span of the borrower.

While evaluating a senior citizen application the lender may rely more on rental income rather than pension as a primary source of income.

Joint home loan is more preferred by lender and attract a lower rate of interest as well. Your co-applicant’s FOIR (Fixed obligation to income ratio) shall not be more than 40% .One should avoid taking multiple loans as it will only your credit score.

Look out for online loan Emi calculator in order to calculate your Emi keeping in mind your unstable income. Opt for lower Loan to value (LTV) ratio as it will imply the borrower to fund bigger part of the loan resulting in lower loan amount. A lower LTV ratio would also decrease the EMI amount, thereby increasing the loan eligibility of a senior citizen.

Courtesy/By: Snigdha Kashyap | 08 Jul 2018