Reverse Mortgage

byPaytm Editorial TeamLast Updated: November 14, 2025

Meaning

Reverse Mortgage is a loan that allows senior citizens to use their home’s value to get regular income without selling it.

How It Works

The bank pays the homeowner monthly, and the loan is repaid later (usually after the borrower’s death) by selling the property.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Refund ProcessingLast Updated: September 16, 2025

Definition Refund processing refers to the mechanism by which money is returned to a payer after a failed,…

Mobile WalletLast Updated: August 12, 2025

Meaning A Mobile Wallet is a digital application on your phone that stores payment details and allows secure…

UPI Merchant SettlementLast Updated: September 16, 2025

Meaning UPI merchant settlement is the process of crediting collected payments from customers into the merchant’s bank account…

Samagra Shiksha AbhiyanNovember 3, 2025

Meaning This national program integrates three pre-existing schemes for a holistic approach to school education. It ensures inclusive,…

Cash Reserve Ratio (CRR)Last Updated: November 14, 2025

Definition The Cash Reserve Ratio is the percentage of a bank’s total deposits that must be kept as…