BUILD YOUR DREAM HOME WITH OUR HOME LOAN SCHEMES

NRI HOME LOAN SCHEME

● For purchase /construction of residential building in India or for repair/renovation of existing houses ● Joint loan with close relatives of NRI also considered ● Eligibility   a) 20 times of monthly salary b) Maximum 80% of construction or purchase cost – maximum INR 50 lacs c) Maximum INR 5 lacs for repair and renovation d) Minimum monthly income of applicant should be INR 10000 ● epayment period - Maximum 180 Equated Monthly Instalments (EMIs) for construction/purchase and 60 EMIs for repair/renovation ● If property is let out on rent, entire rental income should be paid to the loan account ● Repayment by close relative in India permitted ● Holiday period for repayment 6 months for acquisition, 12 months for construction and 3 months for repair/renovation ● Mortgage of property as security ● Processing fee applicable

HOME LOAN SCHEME FOR CLOSE RELATIVES OF NRIs

Home loans are granted close relatives of NRIson the basis of guarantee of NRI

● Close relatives of NRIs like spouse/childen/parents eligible ● Applicants should be resident Indians ● Minimum monthly salary of NRI should be INR 15000 ● Salary of applicant also considered if employed in government/public sector or reputed institutions ● NRI should have minimum three years continuous service overseas and one year account relationship ● Property should be registered in the name of relative ● Eligibility   a) Maximum 20 times of gross salary b) Maximum loan amount INR 20 lacs for construction/acquisition c) Maximum INR 3 lacs for repair/renovation with 25% margin ● Repayment Period – 15 years for construction or acquisition and 5 years for repair/renovation Click here to Download the Application Form