A pensioner can obtain a home loan. Many banks and financial institutions provide home loans to retirees who have a consistent source of pension income. The loan amount, on the other hand, is determined by the pensioner age, pension amount, and other factors. To obtain the loan, some banks may require the pensioner to provide additional security or a co-applicant. Before choosing a home loan, retirees should compare interest rates and loan terms offered by various banks.
