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What are the documents required for a NRI to get a home loan?
Anandvijayakumar
For Salaried Individuals
Almost 95% or more of the NRI's would fall into this Category and they would comprise a huge chunk of the population that apply home loans from banks in India. The documents required would be:
1. Employment Proof - Offer Letter or Contract Letter or Agreement Letter
2. At least 3 months' Salary Slip (Some banks may ask for up-to 6 months' payslips)
3. At least 6 months Bank Statement - Statement from the bank where your employer credits your salary
4. Latest Foreign Identification Copy (Ex: NRIC in Singapore and equivalent identification for other countries)
5. Passport (All non-blank pages)
6. VISA/Work-Permit
7. Residence Address Proof in the Country of Residence/Work - Electricity/Gas Bill, Telephone bill etc
8. Passport Size Photographs (The number may vary from bank to bank. They will atleast ask one photo)
9. Latest Credit Bureau Report (Wherever applicable. For country's like US, Singapore etc this will be required)
10. A Cheque favouring your bank for the Processing Fee
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∙ 12y ago
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Home loans are ideal financing solutions for purchasing a home. These loan products are specifically designed to meet various needs of the home buyers. It can help you in owning a home and manage your finances effectively.To be able to make an informed decision, be sure that prior to choosing the type of home loan to use, you already have a sure knowledge about what your personal preference in terms of the kind of home you want to have and your capacity to pay.There are many types of home loans available in the market today, such as First Buyer Home Loan, Equity Loan, Refinance, Low Doc Home Loan, Construction Loan, Vacant Land Loan, Non Conforming Loans, Commercial Loans, and Reverse Mortgage Loans, to name just a few. Always remember too that different lenders have different variations on their offerings, so make sure you seriously look into the details. More often, it is the little details that actually make a difference.Home Loan: It is the amount lend to purchase or construct a house. The property is mortgaged with the financier as a security till the successful completion of the loan. Repayment can be done through fixed EMI over a fixed term.Application of Funds Purchase of Ready Flat/ Tenement/ Row house, Repairing/ Renovation of Flat/ Tenement, New Construction of Tenement & Row houseType of Home LoansHome purchase loans/ construction loans / Expansion & Extension loans/ NRI home loans / Balance transfer loansBasic Documentation# Completed loan application # Proof of identity & residence (photo copies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card) # Statement of Bank Account/ Pass Book for last six months # Income proof # Land & property documents(Note- a banker can ask for additional document based on customers profile)If you have any query related to Personal Loan, then you get contact us at: info(at) capitaworld . comCapitaWorld dot comCapitaWorld PlatformAhmedabad
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Who is the richest NRI?
Laxminivas Mittal, the CEO of Arcelor Mittal
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Yes, you can easily get NRI home loans. You just need to give the necessary documents and also match the eligibility criteria in terms of minimum balance and salary.
I am a salaried NRI in UAE. What all property documents will I need to furnish for a home loan?
NRI home loans are easily available in UAE. You will need to submit quote/Offer Letter from the seller, sale and purchase agreement, Title Deed and Site Plan along with receipts of down payment made to the seller.
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Can you give me a list of old age home in Gujarat for Gujarati NRI?
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