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| Housing Loans to NRIs |
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 Eligibility |
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- Minimum service of one year abroad.
- Non-resident Indians and persons of Indian origin individually or jointly with resident close relatives.
- Installment shall be paid by remittance from outside India or out of funds in his NRE, FCNR accounts or out of rental income.
- Applicant has to submit copy of Passport, VISA, Work permit, Agreement with present employer.
- Issuance of Power of Attorney:
Abroad: The PA should be attested by Indian Consulate/High Commissioner and registered in India within three months.
India: The PA should be registered.
The PA should be specific PA to execute the documents and to execute Debt Acknowledgement.
- All other guidelines as applicable to general housing scheme.
- Purpose: for purchase or construction ,repairs/renovation of house/flat.
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| NRI - Dubai |
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Person(s) residing in DUBAI, UAE, Sharjah, either individually or jointly with
Resident close relative.
NRI a/cs holders and valued constituents with a minimum of one year abroad service.
Investment in immovable property in India by NRI is subject to FEMA guidelines. |
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| Documents to be submitted: |
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1. Application
2. Property Statements of the Applicant/Co-Obligant.
3 .Location (Sketch of the proposed house/flat
4 .Minimum 12 Post Dated Cheques
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| Repayment: |
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Maximum : 360 months.
Gestation: 30 months. |
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| Repairs: |
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Depending on the age of house/flat
Upto 5 years – Rs.10.00 lakhs
5 to 25 year – Rs.15.00 lakhs Margin 25 % |
 Margin and Rate of Interest: |  | | SLAB | LTV | Minimum Margin | Rate of interest (Women) | Rate of interest (Others) | | Up to 30 lakhs | 90% | 10% | RLLR + 0.05% | RLLR + 0.10 % | | Above 30 lakhs and up to 75 lakhs | 80% | 20% | RLLR + 0.05% | RLLR + 0.10 % | | Above 75 lakhs | 75% | 25% | RLLR + 0.15% | RLLR+ 0.20 % | | Home loans repairs /Modifications | 75% | 25% | RLLR + 1.20% | RLLR+ 1.20 % |
| A premium of 0.10% will be added to the card rate for Loan upto Rs.30.00 lacs if LTV ratio is >80% & <=90%. |
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