construct a house on your plot
   of land
purchase an apartment from a
   builder
purchase an apartment on
   resale basis
purchase home from a
   statutory authority

 You could

add an additional room or two
   to your existing home.
put up an additional floor to
   your existing home

carry out internal & external 
   repairs to your existing home

An Indian citizen staying abroad for employment/pursuing a business or vocation outside India or staying abroad under circumstances indicating an intention for an uncertain duration of stay abroad can avail of loan facilities as a Non-Resident Indian.

  He/she should
        hold a valid Indian passport.

        earn in foreign currency repatriable to Indian Rupee.
                           

The Reserve Bank of India (RBI) requires the following conditions to be met by Non-Resident Indians while availing a home loan.

• Own contribution, which is the cost of the dwelling unit financed (minus) the loan amount, will have to be met by direct
  remittances from abroad through normal banking channels, from the NRE account and/or NRO account in India.
                              

• Fees. Pre-EMI Interest. Repayment of loan which comprises principal. interest and other charges should be paid
  from NRE account and/or NRO account in India.
                            

Your loan eligibility is assessed taking into consideration factors like your monthly  income, monthly commitments, age,  qualification, employment savings background etc.
                            

The maximum term of repayment is 7 years. However for home improvement, the repayment period shall not exceed 5 years.
                              

If your spouse is also an earning Non-Resident Indian, we could consider his/her Income as a co-applicant. However, all co-owners of the property financed should join as co-applicants.
                                                

A non-refundable, one-time fee of 2% of the loan amount you are eligible for, is payable when you submit the loan application
                          

• Latest salary certificate/slip
• A copy of the latest employment contract
• Copies of relevant pages of the passport showing name, date of birth, validity date and visa stamping
• Continuous Discharge Certificate for the past 3 years (if applicable)

Proof of own contribution         

• Copy of bank statements showing debits for payments made in favor of the builder or withdrawals during the period of
  construction must be provided as proof of own contribution met from the NRE account and/or NRO account in India.

Other requirements 

• Two local contact addresses with employment details and residence phone numbers
• Power of Attorney (as per our format)
                                                               

For further details please contact