Home Loan at 60? Debunking Myths: Senior Citizens Can Get Loans with Conditions

• Banks do offer home loans to senior citizens, contrary to popular belief, but with stricter conditions.
• Financial capacity, not age, is the primary factor; regular income sources like pension, rent, or investments are crucial.
• Pensioners, especially government/semi-government, have an easier process due to stable income.
• Loan tenure is a challenge, often requiring full repayment by 70-80 years, leading to higher EMIs.
• A strong credit score (750+) is vital for approval and better interest rates; check your credit report before applying.