Apply Here For Home Loan Services

If someone is an NRI and needs to take a home loan in India, he can approach the leading banks or NBFCs of the country. The Indian Constitution allows an NRI to own a residential or commercial property in the country with needed NRI home Loan documents . There are a lot of documents that the lender organization can ask for while granting the home loan to an NRI. They include: Detailed bank statement: The detailed bank statement is thoroughly checked by the lender initially because it is vital to understand the worthiness of an NRI borrower. The bank checks the credit score too. Passport: The passport of the borrower is thoroughly checked as it contains all the vital information. The lender bank crosschecks it with the data present in other ID cards provided by the borrower. Furthermore, an active passport actually denotes the transparency of the passport holder. Property-related papers: The banks always consider checking the property-related papers of the pre-existing properties. ...

The documentation process of Home loan for NBFC and banks are slightly different from one another, and so is their process. Documents required by Banks are: a) Signed Home loan application form b) As many passport size photographs required c) Identity Proof like; aadhar card, passport, PAN, Voter, Driving license, etc. d) Age proof like; Aadhar card, PAN, Birt Certificate, Bank passbook, etc. e) Residential Proof; LIC Policy Receipt, Passport, ration card, etc. f) Income documents; For salaried • payslip of last 3 months • Form 16 • Certified letter from Employer For self-employed professionals • Balance Sheet and P/L account • License for Practice • Proof of Business Address • Registration certificate of business g) Property Documents like; NOC from the builder estimated the cost of construction, Sale deed, building plan, etc. Documents required by NBFC are similar to the documents required by the bank with regards to the proof of identity, add...