NRI Loan :
NRI Home loan is a sum of money borrowed from the bank or any financial institution by Non-Resident Indians for the purchase or construction of residential property in India.
Documents Required:
For any loan application, a minimum set of documents are generally required by any financial institution in order to process the application. The list of documents required are as follow:
- Identity Proof: Identity proof can include PAN card, Aadhar card & Passport with Valid Visa.
- Address Proof: Address proof includes the Foreign Country residence address proof.
- Income Proof: Income proof can include Foreign Company Salary slips, ITR documents and Foreign Bank statements with NRE/NRO Bank statement in India.
- Loan Details: This includes sanction letter or repayment schedule of any existing running loans along with its repayment bank account statement.
- Property Documents: This includes a complete chain of property documents like sale deed, conveyance deed, allotment letter, sale-purchase agreement, possession letter, etc., and certificate of approved sanctioned maps and plans for construction.