Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Loan typeReverse mortgage secured by the borrower’s unencumbered residential house or flat; repayment proceeds are based on property value and borrower age.View source
The page describes reverse mortgage against an owned and occupied residential property.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Features / Eligibility
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeMinimum loan ₹5 lakh and maximum loan ₹50 lakh. Property-value margin is 35% to 55% depending on borrower age.View source
The quantum section publishes ₹5 lakh minimum, ₹50 lakh maximum and 35–55% margin by age.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Quantum of Loan
- Accessed
- 30 Aug 2026
- Confidence
- high
Interest rateRBLR + 2.60%, presently 10.70% p.a.View source
The current rate sheet lists RBLR + 2.60%, present 10.70%.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 5: Star Reverse Mortgage Loan Scheme
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum tenureUp to 180 months.View source
The feature list states maximum repayment tenure up to 180 months.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Features
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing fee0.25% 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/
The charges section publishes processing, valuation/advocate and annual service charges.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
PrepaymentNo prepayment penalty is published.View source
The official advantages list says no prepayment penalty.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Advantages
- Accessed
- 30 Aug 2026
- Confidence
- high
EligibilityPrincipal 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.View source
The eligibility section publishes age, property, residence and spouse joint-borrower conditions.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Eligibility
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNo monthly-income, gross-income or pension-as-only-source condition is required; the page explicitly says there is no such income criterion.View source
The official eligibility section says there is no monthly/gross-income criterion and pension may be the only income source.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Eligibility
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkRBLR plus 2.60%; current rate sheet shows 10.70% p.a. present rate.View source
The rate sheet names RBLR, spread and present rate.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 5: Star Reverse Mortgage Loan Scheme
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNo separate APR figure or methodology is published.View source
and charges are published but no calculation is provided.
- Source
- Star Reverse Mortgage Loan
- Page / section
- Rate / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum amountUp to ₹50 lakh loanView source
The manually reviewed product summary states: “Up to ₹50 lakh loan”.
- Source
- Star Reverse Mortgage Loan — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureA BOI reverse mortgage for senior homeowners, with loan proceeds against residential property and maximum repayment tenure up to 180 months.View source
The manually reviewed product summary states: “A BOI reverse mortgage for senior homeowners, with loan proceeds against residential property and maximum repayment tenure up to 180 months.”.
- Source
- Star Reverse Mortgage Loan — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 30 Aug 2026
- Confidence
- high
Geographic limitsPrincipal 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.View source
The manually reviewed product record states: “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.”.
- Source
- Star Reverse Mortgage Loan — official product page
- Page / section
- Published product metadata
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- Senior-citizen product
- No monthly-income criterion
- No prepayment penalty published
- Up to ₹50 lakh loan
Eligibility
- Borrower must own and occupy an unencumbered primary residence; principal age above 60 and up to 80.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- , identity/
address proof, tax returns/ Form 16, six-month bank statement, property title/ tax/ non-encumbrance documents and purpose undertaking.
Related official documents
Retail Loans — Floating ROI and Processing Charges (effective 1 June 2026)official-rate-sheet · current · accessed 30 Aug 2026
↗Star Reverse Mortgage Loanofficial-product-page · current · accessed 30 Aug 2026
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