Bank Pension Scheme: Salary stops after retirement and those doing private jobs do not even get pension. Nowadays, the trend of contract has increased even in government jobs. In such a situation, after retirement, people start thinking how to live life?
How to manage household expenses now? To overcome all these problems, banks have come up with a new scheme, under which you can get a good pension. Know about this scheme.
Will get payment like this
The name of this scheme is Reserve Mortgage Loan Scheme. In this scheme, the house has to be mortgaged with the bank, but it does not mean that the bank will take possession of your house at the same time. The house will remain with you. After this, the bank will continue to give a fixed amount every month to support the elderly couple.
You can also understand it in such a way that this scheme is completely opposite to home loan. In home loan, you have to deposit money every month, whereas in this scheme, the bank pays you every month.
How to take advantage of this?
This loan is available to those senior citizens whose age is 60 years or more. This loan is available for 15 years. How much amount will come in this scheme every month. It depends on what is the value of the mortgaged house. You can understand it like this also. If the value of the house is Rs 25 lakh, then in this situation the bank can give about Rs 5000 every month for 15 years.
If you need a lump sum amount then it can be taken for medical treatment. The special thing is that no minimum income proof is required to take a loan in this scheme.
Who will repay the loan?
When the couple dies, the bank gives their children or legal heirs the option to deposit this loan. If they deposit the loan, then the mortgage property will be returned to them, but if the legal heirs do not deposit the money, then the bank auctions this house and after deducting the amount given to the elderly, the remaining payment is returned to their heirs. Are being given.
