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Home >> Loan >> Retail Schemes >> Oriental Reverse Mortgage Scheme
Oriental Reverse Mortgage Scheme



For receiving lifelong annuity (on monthly basis), to be used for sustenance or to supplement the cash flow stream of senior citizens in order to address their financial needs.


No. of  borrowers

Single or jointly with spouse in case of a living spouse

Minimum age of first borrower

60 Years

Age of spouse

60 years and above


  • The residence (house/ flat) should be self acquired, self owned and self occupied.
  • Borrower(s) should have a clear and transferable title to the property in their names.
  • Residual life of property should be at least 30 years.

·         In case loan is sanctioned in the joint name of the borrower(s), they must stay together in the mortgaged property.

Loan quantum

Maximum 100.00 Lacs. The loan amount will be released on monthly annuity basis only.




For age group 60 to 70       


For age group 70 to 80      


For age group above 80    



Loan period/ nature of payment

  • The tenor of the loan shall be upto 20 years or survival of any of the spouse whichever is earlier, thereafter periodic annuity payment will not be made.

·         The loan shall be extended as regular monthly annuity payments during the loan period

Rate of interest

Click here to view rate of interest.

Prepayment penalty/ Documentation & Inspection Charges



Process Fee

Click here to view Process Fee.

Other Expenses

1.       The legal fee/ charges stamp duty, registration charges, valuation charges, document stamp charges, & insurance premium of property etc shall be borne by the borrower(s).

2.       In the eventuality of non-payment of above said expenses, bank will recover these expenses on prorata basis on the monthly annuity payable to borrower(s) within a period of upto 24 months.


Equitable or Registered mortgage of un-encumbered residential property, in favour of the bank.

* For further details please contact the nearby branch or call at 1800-180-1235 & 0124-2340940