Effect of Covid Pandemic on Interest Rates and thereby Attractiveness of Reverse Mortgage Loans

Abstract

Reverse mortgage are a type of innovative financial instrument that allows senior citizens to mortgage their home and convert part of the value into tax-free income without having to sell it. Despite the market's expansion and the concept's predicted appeal, the results in India are not sufficient. The purpose of this study is to look at the numerous aspects that influence potential purchasers of Reverse Mortgage Loans in India. It aims to establish a link between interest rate fluctuations and demand for reverse mortgage loans