Reverse Mortgage Calculator
Estimate your reverse mortgage benefits for retirement
Property Details
₹10 Lakh₹10 Crore
Borrower Details
65 Yr
Co-Borrower Age60 Yr
Loan Details
15 Yr
Reverse Mortgage Estimate
₹0/month
Monthly Payment
Maximum Loan Amount₹0
Net Proceeds After Costs₹0
Total Disbursements₹0
Final Loan Balance₹0
Estimated Equity Remaining₹0
Income Gap Covered71.4%
What is Reverse Mortgage?
A reverse mortgage is a financial product that allows homeowners aged 60 or older to borrow money against the value of their home. Unlike a traditional mortgage, no monthly payments are required, and the loan is repaid when the borrower moves, sells the home, or passes away.
Frequently Asked Questions
What is a reverse mortgage in India?
A reverse mortgage allows senior citizens (60+) to borrow against their self-owned residential property while continuing to live in it. The bank pays you a monthly amount, lump sum, or combination.
Is reverse mortgage income taxable?
Monthly payments received through reverse mortgage are treated as a loan and are NOT taxable as income. The property continues to be in the borrower's name.