Loans to NRI
- Loan to NRI/PIO for
- Purchase of Residential Plot/ House/ Flat.
- Construction of Residential House/ Flat.
- Renovation / Extension/ Repairs to Residential House/ Flat.
- Eligibility
- Non Resident Indians/ Persons of Indian Origin.
- Quantum of Loan
- 85% of property value for loan up to Rs.20 Lacs.
- 80% of property value for loan up to Rs.75 Lacs.
- 75% of property value for loan above Rs.75 Lacs.
- Repayment Term
- Maximum 20 Years for person with professional qualification.
- Maximum 15 Years for person without professional qualification.
- Loan can be considered upto attainment of age of 60 years (upto 65years for special cases) or retirement age (as per local laws of the country in which NRI is working).