Home Loan Nri Is Simplified Now

By Author: Vijay K Shetty
Total Articles: 2542
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Get upto 85% loan on your property value. If you have a dream to build a house in India being an NRI, you are not too far from your dreams. Home loan NRI is your friendly solution to all your financial queries. Add value to your property in your home town. A minor or major house renovation, expansion of your existing property, purchase of flat or construct a new house with the help of home loan NRI. Live your dream in India despite of staying abroad.

If you are busy with your work abroad, you can appoint your relative to supervise the work at home. Your spouse or parents will take care of the rest on your behalf. When you get back home, you will find your dream home complete. Reach out to a licensed bank which can deal with the NRIs. Before approaching these banks have your documents in place such as a valid passport, your property documents, age proof and a minimum graduation certificate.

NRI needs are varied and hence financial institutions customize home loans to suit varied needs. Some may want funds to renovate while few others may want to purchase a new house or construct house. Apply for loans online and ...
... carry out your renovation work back at home. When you get back home you can stay relaxed in your new home.

To apply for a home loan NRI you must meet the following criteria:

According to income tax act you must be in India for atleast one year
During assessment year you must have stayed for 182 days

If you meet the above criteria the whole process of applying for a loan is simpler. Online application takes the stress out of you. You can make use of your existing residential property and release its equity to obtain a secured loan for your home needs.

Vijay K Shetty, Platinum Author.
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