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Dos and Don’ts for NRIs to Take Home Loan

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Dos and Don’ts for NRIs to Take Home Loan

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  1. Nri Home Loans

  2. Dos and Don’ts for NRIs to Take Home Loan

  3. For years, I have been dreaming to buy my own house in India. But for being an NRI, it remained a dream only. • The robust rules of Reserve Bank of India (RBI) and distance problem were the biggest barrier in converting my dream into reality. • Thankfully, the RBI has relaxed its rules due to which it became quite easy for me to take home loan. • And digitization has solved the rest part of my problems. Online transaction has finally made it happen to own a house here.

  4. What the guidelines of RBI say to NRIs? Any NRI is permitted to buy property or plot for commercial as well as residential use. • NRIs are prohibited to buy any agricultural land, plantation property and farmhouse. If they want to own any of the foregone options, they have to take permission from the RBI. • What conditions are to be followed for home loan by NRIs? For meeting the RBI’s criteria to get the approval for home loan: • NRIs should be salaried people.

  5. What the guidelines of RBI say to NRIs? Any NRI is permitted to buy property or plot for commercial as well as residential use. • NRIs are prohibited to buy any agricultural land, plantation property and farmhouse. If they want to own any of the foregone options, they have to take permission from the RBI. • What conditions are to be followed for Nri Home Loans? • For meeting the RBI’s criteria to get the approval for home loan: NRIs should be salaried people. • [Source: http://s2nri.blogspot.com/2015/12/dos-and-donts-for-nris-to-take-home-loan.html]

  6. Click to know more on Nri Home Loans: https://www.hdfc.com/NRI/Singapore/housing-loans/home-loans/for-new-homes-salaried Thank You…

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