NRI Products/Services

Housing Loan Scheme for NRI's

Income :
Minimum Net monthly Income (NMI) USD 500 or Net Annual Income (NAI) USD 6,000

Maximum permissible limit on the basis of income

Below 45 years:
60 times Net Monthly Income (NMI) or 5 times Net Annual Income (NAI)

45 years and above :
48 times of NMI or 4 times NAI

Expected rental income may be added to NMI/NAI to determine the eligible loan amount

Finance also available for furnishing and consumer durable up to 10 % of the project cost

Margin 15 % (for purchase of land)

Repayment : Max. 20 years for borrower aged up to 45 years / Max. 15 years above 45 years

Moratorium : 24 months from date of disbursement or completion of construction whichever is earlier

Processing Fees : 0.3 % of loan amount

For Interest Rates Click Here