The answer to your query is very simple. The basic question is whether you are staying within the territory of India or outside India.
If you are an NRI that is Non-Resident Indian, staying and working abroad for some time now and earning in foreign currency, then go for NRI loan. Being an NRI you will get lots of benefits. You are a good potential investor in India and that will be good for Indian Government as they are always short of foreign reserve. That is the main reason Indian government also offers a lot of good Home Loan offers to the NRIs like pre-approved loans, etc. Once you have decided that you are eligible for NRI loan, then your next question will be how much financial institutions can lend you. The amount is decided as per your financial status abroad. If all documents are up to mark, then getting this loan can be a very easy process and you can get your desired amount, with a reasonable rate of interest. There are a few more eligibility criteria of an NRI Home Loan. To know in details, read: https://www.wikinut.com/how-are-nri-home-loans-and-resident-home-loans-different/3m42xuxm/1whwjebt/
0 Comments
Leave a Reply. |
AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |