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- am I eligible?
Am I eligible?
I'm a student and just wished to ask Am I eligible for home loans as an NRI as I want to cash down on the the booming real estate in India?CommentQuote0Flag
- Sorry mate.... you need to wait.
Sorry Manav, I'm afraid you are not....
Your eligibility is calculated in the same way as it is calculated for resident Indians. However, you need to wait a few more years till you graduate.
More emphasis is laid on the following criteria in the appraisal of a NRI case:
>> Qualifications – the NRI applicant has to be graduate
>> Current job profile & Past experience
>> Probability of continuing abroad for the loan tenure
>> Probability of servicing the loan with an extended tenure in case you have to return to India.CommentQuote0Flag
- hi i am Prashant from toronto... few years earlier i bought a plot in india but in a village... I wish to know if i can mortgage this property for the loan part cuz.. i dont have any other document ....