Home loan for NRIs

CIBIL Score

• CIBIL score preferably above 750

Required Documents

• Stipulated Loan Application with 2 passport size photos of applicant / Co-applicants or guarantor.
• KYC documents of applicant/ Co-applicants or guarantor:
• Proof of Identity - PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.
• Proof of Residence - Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others , Age proof of the applicant/ Co-applicants and PAN card (photo copy).
• Bank statement of salary account for past 6 months.
• Form No.16 & ITR if any supported by Employee ID/Appointment Letter/ Confirmation in services evidencing duration of the employment/3 years IT Returns.
• Business/Self-Employed individuals.
• Balance Sheet and Profit & Loss account for past three assessment years.
• ITR/ITAO filed for past three assessment years.
• In case of agricultural income is also included in ITR, Copy of lands records.
• Statement of Bank Account.
• Brief note on the nature of business.
• Proof of Business.
• NRI applicants - Proof of identity , Valid work permit ,Account statement/ passbook of overseas bank showing salary and savings , Copy of salary certificate duly attested by Indian Embassy/ Consulate/ Employer and Notarized Power of Attorney, if applicant proposes to authorize a third party to execute the documents/ complete the mortgage formalities/ avail the loan instalments.

Loan Processing Charges

• Up to 0.50% (Max. Rs.10,000)

Features

• Lower Rate of Interest.
• Reducing Balance Interest Rate.
• No Prepayment penalty.
• Avail loan for Repairs/ Renovation of house/flat.
• Financing to acquire 2nd house/flat.
• Minimal processing charges.
• Complimentary Credit Card.