To facilitate the processing of your application, we kindly request the submission of the following documents:

  • Salary Certificate: Please provide a recent Salary Certificate duly attested by the Indian Embassy or Notary Public.
  • Pay Slip Last 6 Months: Submit self-attested copies of your pay slips for the last six months.
  • Contract Copy: Include a copy of your employment contract.
  • Passport Copy: Provide a copy of your passport, including all entry pages, duly attested by the Indian Embassy or Notary Public.
  • VISA Copy: Submit a copy of your visa, duly attested by the Indian Embassy or Notary Public.
  • Passport Size Photo: Include five recent passport-sized photographs.
  • HR Mail ID: Provide your Human Resources (HR) email ID for verification purposes.
  • Bank Statement Last 6 months Salary Credit Account in Abroad: Furnish bank statements for the last six months from your salary credit account abroad.
  • Last 6 months bank statement NRI, NRO Account: Include bank statements for the last six months from both your Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts.
  • Identification Documents: Provide Xerox copies of Aadhar Card, Voter Card, and PAN Card.
  • Qualification Certificate Xerox: Submit Xerox copies of your educational qualification certificates.
  • Other Loan Statement and Schedule: If applicable, provide statements and schedules of any other existing loans.

Ensuring the timely submission of all required documents will expedite the processing of your home loan application. Should you have any queries or require assistance, please do not hesitate to contact our dedicated support team.

Learn More About

Home Loan for NRI Person

Home loans for Non-Resident Indians (NRIs) are tailored financial products that allow NRIs to purchase property in their home country, India. Here’s an overview of how these loans typically work:

  1. Eligibility Criteria: NRIs who are citizens of India or Persons of Indian Origin (PIOs) are generally eligible for NRI home loans. However, eligibility criteria may vary among lenders. Some common requirements include having a valid Indian passport, PIO card, Overseas Citizen of India (OCI) card, and a minimum age requirement.

  2. Types of Properties: NRIs can avail home loans for various types of properties, including residential properties (apartments, houses, plots), commercial properties, and construction projects. However, some lenders may have restrictions on the type of property they finance.

  3. Loan Amount: The loan amount offered to NRIs depends on factors such as their income, creditworthiness, the value of the property, and the lender’s policies. Typically, lenders offer up to a certain percentage of the property’s value as a loan, and NRIs may need to make a down payment for the remaining amount.

  4. Interest Rates: NRIs may have slightly different interest rates compared to resident Indians, depending on factors such as the lender’s policies, prevailing market rates, and the NRI applicant’s risk profile. Fixed and floating interest rate options are usually available.

  5. Loan Tenure: The repayment tenure for NRI home loans is generally similar to that of resident Indians. Borrowers can choose a tenure based on their repayment capacity and financial goals, usually ranging from 5 to 30 years.

  6. Documentation: NRIs need to provide specific documentation to apply for a home loan, including copies of their passport, visa, employment contract, overseas address proof, income tax returns or salary slips, bank statements, and power of attorney if required. Additionally, documents related to the property being purchased or constructed are also required.

  7. Processing Fees and Charges: Lenders may charge processing fees, administrative fees, and other charges associated with the loan application and processing. These fees may vary depending on the lender and the loan amount.

  8. Repayment: NRIs can repay their home loans through various channels, including NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts, inward remittances, or post-dated cheques drawn on NRE/NRO accounts.

It’s essential for NRIs to understand the terms and conditions of the home loan, compare offers from different lenders, and choose the one that best suits their financial needs and requirements. Additionally, they should stay updated on any regulatory changes regarding NRI investments and property ownership in India.