DHFL launches scheme for senior citizens
Dewan Housing Finance Corporation Limited (DHFL), has launched a reverse mortgage scheme for senior citizens called 'Saksham'.
By PTI |
MUMBAI: Dewan Housing Finance Corporation Limited (DHFL), has launched a reverse mortgage scheme for senior citizens called 'Saksham'.
The scheme will be first launched in Mumbai and its adjoining areas before being rolled out nationally within a short period, a company release said here on Thursday.
Designed to provide and supplement senior citizens' monthly expenditure, Saksham is offered to retired people above 60 years of age who own property and have been living in it for at least a period of one year.
The scheme gives liberty to the customer and his/her spouse for maintaining and living in the property as long as they are alive, without the fear of evacuating the property even after the tenure expires.
It also gives the option to the legal heir to re-possess the property if intended after the demise of both the customer and his/her spouse.
DHFL's Head, Marketing, Shivkumar Mani, said, "As per the guidelines laid down by NHB, DHFL is the first company to launch this scheme in India. It is a social security scheme designed to benefit the senior citizens post-retirement."
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