GHB offers housing loans for aging borrowers
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The Government Housing Bank Wednesday has launched special loan package for people age 50 years up.
Those who want to buy houses designed for aging dweller will get lower of mortgage rate than usual.
First and second year the rate would be about 3.25 per cent annually. The rate will clime up a little during the third and fifth year. The rate for sixth year onward will be MRR-1.25 , current MRR rate is 6.75 per cent.
Those who buy ordinary house will be charged a bit higher rate or about 3.75 per cent in the first year of mortgage loan.
