Here, we discuss NRI housing loan in India and essential details of NRI home loan.
FundooMoney Website: www.fundoomoney.com
Subscribe: [ Ссылка ]
Visit YouTube channel: [ Ссылка ]
Share Video: [ Ссылка ]
Previous NRI Home Loan video: [ Ссылка ]
Video on Power Of Attorney For NRIs In India:
[ Ссылка ]
Video on Understand How Power Of Attorney Helps NRIs Manage Finances In India:
[ Ссылка ]
Playlist "NRI Home Loan in India/NRI Housing Loan In India": [ Ссылка ]
Playlist "NRI Real Estate":
[ Ссылка ]
Vector attribution: Paper clipped sticker house image designed by Robot at VectorStock.com
Edited highlights:
00:00 Chapter 1 Introduction
00:07 Here, we discuss how NRIs can take home loan in India
00:12 Or, how NRIs can take housing loan in India
00:27 We discuss key features and aspects of NRI home loans

00:37 Chapter 2 Key aspects of NRI Housing Loan In India

1:08 With this presentation, we are re-visiting this topic of NRI home loans
1:36 You can be a sole applicant or have joint applicant
1:43 Joint owners have to be joint applicants too
1:54 You can be the sole applicant or also have a person with power of attorney along
2:19 Check out our various discussions on Power of Attorney for NRIs
2:37 You can get a home loan for a new property, resale property or a property under construction
2:56 For a property under construction, you can pay only interest till you get possession
3:03 You can also take the loan in tranches and repay principal along with interest in your EMIs
3:09 For a ready to move in property, the EMI starts the moment you get possession
3:32 75-90% of the property value could be offered as a home loan
3:39 You could opt for a fixed rate home loan or a floating rate home loan
4:25 Home loan repayment through home loan EMIs needs to be done through an NRE or NRO account
4:36 You are likely to be charged a processing fee which is likely to be 0.5-1.25% of the home loan amount
4:44 Processing fees are negotiable and you could end up spending Rs 3,000-4,000 or higher
5:11 After loan disbursement, you will likely need to pay for property insurance and CERSAI fee
5:24 You get annual tax deduction of upto Rs 1.5 lakh for principal repayment under Section 80C
5:36 There is tax deduction for home interest loan interest payment of upto Rs 2 lakh every year under Section 24
5:57 You can claim unlimited tax deduction for home loan interest if the property is let out
6:15 Home loan is available during age of 21-65 years
6:21 Home loan is available for tenures of 15-30 years
6:49 Home loan can often be offered at a higher interest rate if provider sees a higher risk from the borrower
7:11 You will be need to provide proof of identity, residence and income
7:20 This means providing documents like Aadhar, PAN, OCI card, passport and visa
7:31 For income proof, 3-6 months of bank statements for the employed
7:40 For self-employed, company financial statements for a certain period of time will be needed
7:54 You need to typically be employed for a year and self-employed for 3 years
8:04 Home loan providers typically have ranges of loan amounts like 36-40 times of gross monthly income
8:19 You also need to provide property-related documents like allotment letter, a chain of ownership, agreement to sell
8:38 Besides there could be other documents like encumbrance report and power of attorney

FundooMoney Useful Links
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
Pinterest: [ Ссылка ]
Twitter: [ Ссылка ]
SoundCloud: soundcloud.com/fundoomoney
SlideShare: www.slideshare.net/FundooMoneyWorld
LinkedIn: [ Ссылка ]

свернуть