NRI Housing Finance

In order to get a housing loan approved by a Housing Finance Company,
an NRI borrower is required to submit several documents pertaining
to the property. Financing a home through housing finance companies
carries a double advantage for NRIs.

Apart from making funding easier for the investor, the HFC examines
the documents before disbursing the loan, and certifies that the
papers are in order. Even though all liabilities are eventually
borne by the buyer, the process reassures him of the credibility
of the investment.

Besides, since NRIs are allowed to repay the loan in foreign
currency, the proceeds of the sale from the property are fully
repatriable, in case he wishes to dispose of it at a later date.

To avail a loan, the following elements can be kept in
mind:

Eligibility