Are you are Non Resident Indian looking for housing loan
in your home in India. This is simple so many banks are ready to issue the bank
loan. This is the golden chance for buying home in India by taking home loan.
Below are the some eligibility criteria for NRI loan.
Eligibility criteria for NRI Loan
1 You must be 21 years of age for eligibility for taking
NRI housing loan.
2 You should have at least 2000 USD monthly income (This
amount varies from bank to bank)
3 Must have a local co applicant for every NRI housing
loan applicant. If the applicants more
than one person then the other applicants should also have co applicants.
4 The factors are consider for sanctioning an NRI housing
loan such as age, income, number of dependants, other assets and liabilities,
and also property cost, repayment capacity, .
5 The Loan amount starts from minimum 3, 00,000 INR to
maximum amount up to a core. Also varies depends on applicant profile a bank.
6 Getting maximum
of 85% of property cost or construction cost us loan. In case of buying a land
getting 75% of the land cost.
7 Based on the repayment capacity getting higher loan
amount for NRI’s but must include a co-applicant who can show additional income
source.
8 Monthly instalments must be remitted through the NRE/NRO
account, Payments cannot be made from another account. Also EMI for the loan
amount must be disbursed from the NRE/NRO account only.
Better to choose the bank for taken loan based on
interest rates, repayment tenure, loan amount etc. If you are interest to
buying a flats and apartments in Calicut by taking NRI home loan the ideal
option is Ladder Mankav Greens.
For more about Ladder Mankav Greens: http://ladderkerala.com/ladder-mankav-greens/
Please touch with us: +91 9400470022
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Thank you for sharing such great information.It is informative, can you help me in finding out more detail on nri home loans,i am interested and would like to know more about the rates.
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