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What kind of home financing options can NRIs avail

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What kind of home financing options can NRIs avail

Last updated: January 14 2019
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  • What kind of home financing options can NRIs avail

    What kind of regulations govern the financing of properties that NRIs want to buy in India? What are the different kind of home financing options available?
  • #2

    #2

    Re : What kind of home financing options can NRIs avail

    kapilsemailinbox Well, there are several regulations governing the financing of a property that an NRI intends to buy in India. Apart from the regulations that govern the type of properties that NRIs can buy, there are legal provisions dictating the finance options.
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    • #3

      #3

      Re : What kind of home financing options can NRIs avail

      Thanks! What are the sources that NRIs can use to get a property financed?
      Last edited January 6 2019, 10:06 AM.

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      • #4

        #4

        Re : What kind of home financing options can NRIs avail

        NRIs can buy a property in India, by availing home loans in Indian rupees, from banks or housing finance companies. The loan should only be availed through banking channels and no other source.
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        • #5

          #5

          Re : What kind of home financing options can NRIs avail

          Can NRIs avail a home loan from sources else than banks?
          Last edited January 7 2019, 10:17 AM.

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          • #6

            #6

            Re : What kind of home financing options can NRIs avail

            Well, there is another mode of financing that can be done through the Indian employer of the NRI employee. The employer can grant a home loan to his or her NRI employee.
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            • #7

              #7

              Re : What kind of home financing options can NRIs avail

              Thanks! In what manner can NRIs pay back their home loans?

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              • #8

                #8

                Re : What kind of home financing options can NRIs avail

                kapilsemailinbox If you mean the channel of repayment, then like said before, the payment has to be done through banking channels only.
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                • #9

                  #9

                  Re : What kind of home financing options can NRIs avail

                  Okay. Can NRIs buy a house through a traveller's cheque or foreign currency?

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                  • #10

                    #10

                    Re : What kind of home financing options can NRIs avail

                    kapilsemailinbox No, traveller's cheque or foreign currency cannot be used for buying a house in India and all transactions should be in Indian currency and only through banking channels.
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