the best bank for NRI home loan
low salary minimum 50k #mortgage #pudukkottai
What are NRI home loans?
NRI housing loans can be used for a variety of housing needs, such as the purchase of a flat/ house/ plot, construction of a house or renovation/ repair of an existing home. All top banks offer home loans to NRI customers at attractive interest and for flexible repayment terms. NRI home loan interest rate starts from as low as 6.80% per annum.
Features of NRI Home Loans
Low Interest Rates
Low Processing Fee
No Hidden Charges No Pre Payment Penalty
Interest charges on Daily Reducing Balance
Repayment up to 30 years Home Loan Available as Overdraft Interest Concession for Women Borrowers
List of papers/ documents applicable to all applicants:
Employer Identity Card
Attested copy of valid Passport and visa. Address proof mentioning the current overseas address
Copy of Continuous Discharge Certificate (CDC)-for
applicants employed in the merchant navy. PIO Card issued by Government of India. (in case of PIOs)
The attestation of documents may be done by FOS/ Rep. Offices or Indian Embassy/Consulate or Overseas Notary Public or officials of Branch/
Sourcing outfits based in India. Loan Application: Completed loan application formduly filled with 3 Passport size photographs Proof of Identity (Any one): PAN/ Passport/ Driver's
License/ Voter ID card
Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card Property Papers:
Permission for construction (where applicable) Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement
for Sale
Occupancy Certificate (in case of ready to move
property)
Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, property tax receipt
Approved Plan copy (Xerox Blueprint) & Registered
Development agreement of the builder, Conveyance
Deed (For New Property)
Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller Account Statement:
Bank account details for the previous 6 months overseas account showing salary and savings and Indian account if any.
If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
Valid work permit
Employment contract - an English translation duly attested by employer/consulate / our foreign office / Embassy in case it is in any other Language Last three months' salary certificate/slip Last six months' Bank Statement showing salary credit
Latest salary certificate/slip in original and copy of identity card issued by the current employer
Duly acknowledged copy of last year Individual Tax Return except for NRIS/PIOs located in Middle East countries and employees in the Merchant Navy.
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Income Proof for Non-Salaried Applicant/
Co-applicant/ Guarantor:
contact us
RSR Home Loan Associates
9976758227
#nrimortgageloan #nrihomeloan #nri #nonresidenceIndian #homeloantips www.rsrhla.com
