Home Loan After 60: Get Approved, But Know the Rules!

• Senior citizens can obtain home loans, though rules are stricter than for younger applicants.
• Banks assess income stability; regular pension, rent, or business income can facilitate approval.
• Loan tenure is a key challenge, often limited to repayment by ages 70-80, leading to higher EMIs.
• A strong CIBIL score (above 750) remains crucial for easier approval and better interest rates.
• Adding a younger, earning co-applicant can extend tenure and reduce EMIs, but they share responsibility.