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Home loans for NRIs

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Welcome to Home & Real Estate Home Site Map Make Your Home Page Suggestions Enquiry is same as that of Indians living in the country. For an amount of Rs. one lakh, the following is the approximate rate of EMI to be payable. Period Rate *EMI 5 years 07.50% 2004.00 10 years 08.00% 1212.70 15 years 08.00% 955.00 20 years 08.25% 850.80 * EMI (The amount to be repaid to the bank every month) As the NRI is living far away, banks have to take greater care and therefore they will ask for more documents for ensuring their eligibility for issuing loans. They include Passport and Visa A copy of the appointment letter and contract from the company employing the applicant. The labour card/identity card (translated in English and countersigned by the consulate) if the person is employed in the Middle East Salary certificate (in English) specifying name, date of joining, designation and salary details. Bank Statements for the last six months Property Documents : Original title deeds tra...


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