BUY A HOME OR A PLOT IN INDIA WITH INDIA INFOLINE HOME LOANS
We care for “Non Resident Indians” and help them make their housing dream successful in booming Indian property market. NRI Housing Loans in India from IIFL Home Loans is available for the following reasons:
- Purchasing a new flat
- Repair, renovation or extension of your home
- Self construction on a land
- Buying an existing flat or house
In case if you are purchasing a land as a N.R.I, then take care of following things:
- The land should be for residential purposes only
- The premise should be situated within municipal limits
- The land that you have purchased must be a non farm (non agricultural) land
Whether you are residing in U.S.A & Canada, East Asian Countries, Middle East, European Countries or Australia & New Zealand and you have acclaimed N.R.I status, and then we are here to help you. Calculate your eligibility and leave your worries aside. Like other home loan structure, you need to satisfy basic criteria such as collateral, credit score and housing loan documents. We need valid passport and several documents in place for smooth functioning and quick turnaround time. As identity/address proof, you need to provide valid passport, valid visa, and copy of valid rent deed or title document. So far income proof is concerned; we require your last 2 months salary slip, bank statement for 6 months, appointment or increment letter, and valid work permit.
The required property documents are all documents photocopy, copy of agreement to sell, copy of allotment letter, buyer agreement and payment receipt copy. Other required documents are valid work permit, duly filled & signed application form, repayment bank statements for 6 months and running loans.
N.R.I home loan upto Rs 75 lac is sanctioned for maximum upto 20 years. In case the amount is more than Rs 75 lac, the loan tenure can be maximum upto 15 years. Now, a question appears in your mind – how much of the property value can be financed? 90% maximum funding is allowed, if the value of the property is upto Rs 30 lac. 80% funding is possible, if the property value is between 30 to 75 lacs. In case, if the property value is more than Rs 75 lac, maximum funding can be upto 75% for your N.R.I home loan. What makes us stand apart from our competitors are mentioned below –
- Competitive interest rates
- Simple documents
- Quick turnaround
- Better customer support
SO, ARE YOU READY TO ENJOY PLEASURABLE HOME BUYING EXPERIENCE IN INDIA DESPITE STAYING ABROAD?