Bank Pension Scheme: Salary stops after retirement and those doing private jobs do not even get a pension. Nowadays, the trend of contracts in government jobs has also increased. In such a situation, after retirement people start thinking about 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.
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 help the elderly couple. You can also understand this in such a way that this scheme is completely the opposite of a 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 senior citizens who are 60 years of age or above. This loan is available for 15 years. How much amount will come every month in this scheme? It depends on the value of the mortgaged house. You can understand it this way also. If the value of the house is Rs 25 lakh, then in such a 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 under this scheme.
Read More: Become a crorepati by opening a PPF account: Invest in a government scheme to get Rs 2.26 crore on retirement.
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.
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