|
Home loan tenures fixed by RBI
are available up to a term of 15 years. Some financial institutions
have home loan tenures in the range extending up to 20, 25
and 30 years if the applicant fulfils certain criteria. However,
you cannot opt for a term that extends beyond your attaining
retirement age or 60 years of age (whichever is earlier).
Home loan Tenure:
| Type of Property |
Salaried |
Self-Employed |
| Residential |
15 years |
10 years |
| Plot of Land |
10 years |
10 years |
| Against Existing Plot of Land |
15 years |
10 years |
|
