NRI Home Loan in Details
NRI Home Loan in Details
NRI Home Loan allows many NRIs (Non Resident Indians) to get home loans when investing in properties. Financially, it makes sense to purchase a property through home loan rather than through personal financing especially when you can invest your personal funds somewhere else for better returns.
Topics covered are
00:00 NRI Home Loan introduction
00:15 Topics covered under this video
00:30 Residential status should be NRI or PIOs
00:50 Documents can be executed in India or Abroad
01:46 Power of attorney should be attested by Indian embassy
02:14 Purpose of NRI Home Loan
02:49 Loan amount eligibility based on property value
03:07 NRI Home Loan age wise
03:29 Credit Score should be Good
04:10 Salary requirement
04:35 One co applicant is must and must be blood relative
05:13 Minimum work experience required
05:54 NRI must carefully choose their property
07:33 Repayment period
08:03 Moratorium period
08:41 Interest rates on NRI Home Loan
09:00 Bank Charges on NRI Home Loan
09:45 List of NRI home Loan Documents required
11:35 NRI Home Loan disbursement
12:03 Pre closure penalty is NILL in NRI home Loan
Murari Garg
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