Whether a senior Citizen get loan for business from Bank as a co- applicant ?
Whether a senior citizen get loan for business from bank
Vijay Kr. Mishra (prop.) (576 Points)
14 June 2012
1 Replies
praveen
(Chartered Accountant)
(6971 Points)
Replied 14 June 2012
If the other applicant is not a senior citizen then he can get a loan. But the first party cannot be a senior citizen.
Reverse mortgage loan can however be availed.
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