Question
Which type of loan is not required to be paid back
during the life time of a borrower?Solution
Reverse Mortgage Loan: Aged people above 60 years of age, make use their property to mortgage to a financial institution or a bank and in return FI/Bank will pay monthly installments to the homeowner(s) and after the demise of the senior citizen the property will be taken over by the bank and sold in order to recover their investment and the excess money is given to the legal heir of the property. Â However, the property owner should reside in the home that is reverse mortgaged and should pay the property taxes.
SEBI has empanelled how many entities to provide assistance to its search team for onsite data acquisition during search and seizure operations & for pr...
What is the frequency of publishing the Consumer Price Index for Industrial Workers (CPI-IW) by the Labour Bureau?
The Asian Development Bank (ADB) will provide a $96.3 million loan for the safe and improved water supply in the state of ________.
Who among the following person will be the chief guest at the Republic Day in January 2023?
Who is willful defaulter?
What unique requirement is mandated for political parties fielding candidates with criminal backgrounds, as facilitated by the 'Know Your Candidate' (KY...
The finance ministry has increased the small savings rates for the September quarter of FY 24.Amongst the changes, the small savings rate for the five...
- Where was the Shastri Bilateral Education Forum (SBEF) 2025 held?
Which former IAS officer has been appointed as the new CEO of NITI Aayog?
Cotton Corporation of India was established on 31st July 1970 under the administrative control of which of the following ministry?
