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ICICI Bank NRI home loan
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Non-Resident Indians can realize the dream of buying their own home in India with an NRI home loan. NRI housing loans can be used for a variety of housing needs, such as the purchase of a flat/ house/ plot, construction of a house or renovation/ repair of an existing home. All top banks offer home loans to NRI customers at attractive interest and for flexible repayment terms.
Eligibility
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Documents required for NRI Home Loan
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Properties Eligible for NRI Home Loan
The co-applicants have to be related in order to be eligible for a joint home loan. Home Loan for NRI is available for the purchase of a new flat, repair, renovation or extension of the home, self-construction on land or for buying an existing flat or house. Depending on the discretion of the bank and the repayment capability of the NRI, the loan amount sanctioned can range from anywhere between 70-90% of the actual cost of the property. The maximum amount of the home loan will depend on the factors like NRI’s age, income and property value.
Furnishing details of your regular additional income sources. Please click here to go to English version of the same page. You can prepay part of the loan at no cost during the tenure of the loan. Download the SBNRI App now to experience the one-stop platform for NRIs.
A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions. With most lenders, a candidate can apply for an NRI home loan online. It is also possible to track the status of an application with ease, from any part of the world.
Not only this, they can also get finance for the purchase of a plot of land allotted by a society or development authority or even renovate or improve an existing residential property in India. In case you would like us to get in touch with you, kindly leave your details with us. HDFC also offers a facility of a pre-approved home loan even before you have identified your dream home. Once you get an indication of your eligibility and EMI amount by using the calculator, you can apply for a home loan online from the comfort of your living room easily with Online Home Loans by HDFC. Co-applicant can be son, daughter, sister, brother, parent or spouse.
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Almost all lenders have an eligibility calculator, such as SBI NRI home loan calculator, ICICI NRI home loan calculator, HDFC NRI home loan calculator, etc. You just need to enter the required details to know your eligibility for a home loan online. Will I be eligible for a home loan if I have a bad credit score? In case you have a poor credit score, it will be difficult for you to get a home loan. Banks or financial institutions consider your credit report to be of great value while determining your eligibility towards a loan. If you have a good score, banks will be happy to offer you a home loan with attractive rates of interest.
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