Eligibility Criteria
To qualify for an NRI Home Loan, you need to meet the following criteria:
Age: Must be at least 21 years old.
Income: Stable income source, either through employment or business.
Credit Score: A good credit score (typically above 700) is preferred.
Property Type:: Loan applicable for ready-to-move-in homes, under-construction properties, and residential plots.
Documents Required
To process your NRI Home Loan application, please prepare the following documents:
Passport: A copy of your valid passport.
Visa: A copy of your visa or residency permit.
Income Proof: Salary slips, bank statements, or income tax returns for the last two years.
Property Documents: Agreement to sell, title deed, and occupancy certificate of the property you intend to purchase.
Credit Report: A copy of your credit report.
Eligibility Criteria
To be eligible for an Open Plot Mortgage Loan, you must meet the following requirements:
Age: Minimum age of 21 years.
Ownership: The plot must be owned solely by you or jointly with a family member.
Income Stability: Consistent income source through employment or business.
Property Value: The plot should meet the minimum value criteria set by the lender.
Documents Required
For an Open Plot Mortgage Loan application, you will need to submit:
Identity Proof: A valid government-issued ID (e.g., passport, Aadhar card).
Address Proof: Utility bills or rental agreements.
Ownership Documents: Title deed, land registration papers, and encumbrance certificate.
Income Proof: Salary slips, bank statements, or income tax returns for the last two years.
Credit Report: A copy of your credit report.
Confirm the conditions clearly and thoroughly before proceeding.
Gather all necessary documents to support your application.
Fill out the application completely and accurately.
Wait for approval patiently after submission.