IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Reverse Mortgage

Residential-property-backed reverse mortgage for senior homeowners, paid as an annuity for up to 15 years while the borrower or spouse can continue living in the home.

Interest rate9.40% p.a. floating for Reverse Mortgage Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.Maximum amountMaximum 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.Repayment tenureUp to 15 years, with provision to roll over after revaluation on fresh terms.
Official product page ↗Compare category

Quick eligibility check

Reverse Mortgage

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: the product is assessed against the senior homeowner's eligible property value and reverse-mortgage conditions?

Published source: Minimum income

2Do you meet this requirement: 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?

Published source: Eligibility

3Do you meet this requirement: Owner of a self-acquired, self-occupied principal residential property in India with clear title, no encumbrance and residual life above 20 years?

4Do you meet this requirement: Inherited property may qualify when devolved by partition or sole-heir succession if title is clear?

5Document checkDo you have this required document or proof: Application with photograph?

Published source: Eligibility

6Document checkDo you have this required document or proof: PAN and residence proof?

Published source: Eligibility

7Document checkDo you have this required document or proof: Legal-heir list?

Published source: Eligibility

8Document checkDo you have this required document or proof: Sale deed, approved plan and 30-year title documents?

Published source: Eligibility
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

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 loan secured by an eligible self-occupied residential property.View source
The product provides annuity finance against mortgage of the senior citizen's residential property.
Source
Reverse Mortgage — Indian Bank
Page / section
Loan Feature; Security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate9.40% p.a. floating for Reverse Mortgage Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.View source
The current table lists Reverse Mortgage Loan at 9.40% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Reverse Mortgage Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe current Reverse Mortgage rate row is labelled floating but does not identify a named benchmark or spread.View source
The official rate table publishes the floating percentage without naming a benchmark.
Source
Indian Bank Reverse Mortgage rate review
Page / section
Reverse Mortgage Loan rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the Reverse Mortgage page or current floating-rate table.View source
The reviewed sources publish the interest rate but no calculation.
Source
Indian Bank Reverse Mortgage review
Page / section
Rate of Interest; complete product table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income threshold is published; the product is assessed against the senior homeowner's eligible property value and reverse-mortgage conditions.View source
The page sets age, ownership, title and property-life conditions rather than an income floor.
Source
Reverse Mortgage — Indian Bank
Page / section
Eligibility; Quantum
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMaximum 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.View source
The quantum section publishes the ₹75 lakh maximum and medical lump-sum cap.
Source
Reverse Mortgage — Indian Bank
Page / section
Quantum of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureUp to 15 years, with provision to roll over after revaluation on fresh terms.View source
The repayment row states 15 years and rollover after revaluation.
Source
Reverse Mortgage — Indian Bank
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.30% of the loan limit under the current Indian Bank retail processing-fee schedule.View source
The current schedule lists 0.30% on the loan limit for IB Reverse Mortgage.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
IB Reverse Mortgage
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosurePrepayment is available without pre-payment charges.View source
The official terms state that pre-payment is available without pre-payment charges.
Source
Reverse Mortgage — Indian Bank
Page / section
Other terms and conditions
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilitySenior 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.View source
The eligibility section publishes age, joint-borrower, title, occupancy, location and residual-life conditions.
Source
Reverse Mortgage — Indian Bank
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsSenior 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.View source
The manually reviewed product record states: “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.”.
Source
Reverse Mortgage — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Maximum loan amount ₹75 lakh
  • Monthly annuity payments for up to 15 years, with rollover after revaluation
  • Up to 20% may be paid as a medical-expense lump sum, capped at ₹15 lakh
  • No prepayment charge; borrower/spouse need not repay during their lifetime

Eligibility

  • Owner of a self-acquired, self-occupied principal residential property in India with clear title, no encumbrance and residual life above 20 years.
  • Inherited property may qualify when devolved by partition or sole-heir succession if title is clear.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application with photograph
  • and residence proof
  • Legal-heir list
  • Sale deed, approved plan and 30-year title documents
  • Revenue-record title proof and valuation/legal documents

Related official documents

Processing Fee on Personal Segment Loan Products — Indian Bankofficial-fee-schedule · current · accessed 31 Aug 2026
↗
Interest Rates on Personal Segment Loan Products: Floating — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗
Reverse Mortgage — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Eligibility · Published detailSenior citizens above 60; one joint borrower may be above 60. Self-acquired, self-occupied principal residence in India with clear title and no encumbrance.

This value is copied from Reverse Mortgage — published terms. Check the table notes before relying on it.

Source: Reverse Mortgage — Indian Bank · Complete product table and current rate/fee schedules Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsReverse Mortgage — published termsCurrent Indian Bank reverse-mortgage eligibility, property, quantum, annuity and charge terms.View tableHide table

Scroll sideways to view every column

Reverse Mortgage — published terms
ParameterPublished detail
EligibilitySenior citizens above 60; one joint borrower may be above 60. Self-acquired, self-occupied principal residence in India with clear title and no encumbrance.
PurposeMedical/emergency maintenance, supplementing pension/other income and other genuine needs; speculative/trading use excluded.
QuantumMaximum ₹75 lakh; 20% medical lump sum permitted, capped at ₹15 lakh; balance as monthly annuity.
Margin / valuation61% margin on realisable value; realisable value is 10% below bank-panel market valuation.
Repayment15 years with rollover possible after revaluation.
Rate9.40% p.a. floating in current rate table.
Processing fee0.30% of loan limit.
PrepaymentAvailable without prepayment charges.
Security / insuranceMortgage of residential property; CERSAI and possible additional collateral; property insurance for fire, flood, earthquake, riot and normal risks.
Reverse Mortgage — Indian Bank · Complete product table and current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

More from Indian Bank

Related products

Agri Clinic and Agri Business Centres (ACABC)

Term finance for trained agriculture professionals establishing advisory, input, custom-hiring, animal-care, post-harvest and other agri-business ventures, with credit-linked subsidy.

View product

Agricultural Godowns / Cold Storage

Term-loan and working-capital finance for new or expanded agricultural godowns, cold stores, market yards and silos.

View product

Purchase of Drones for Agricultural Purpose

Farm-machinery finance for agricultural drones used for spraying, anti-locust treatment, fertiliser application and farmland mapping, including custom-hiring finance.

View product

Compressed Bio Gas Plant Financing under SATAT

Project, working-capital and non-fund finance for compressed bio-gas plants under SATAT, with a 2-tonne-per-day minimum design capacity and published margin, tenor and security bands.

View product