We offer attractively priced Home Loans for you,
Target Group : Individual or individual jointly with spouse (Group of individuals not permitted)
Eligible loan amount : 50 times average monthly remittance made by the borrower from abroad for credit to his / her NRE account with any bank in India, for a minimum period of 12 months, excluding bulk remittances, if any. Quantum of loan : Maximum Rs.1.00 crore; For renovations/additions/major repairs/ improvements etc. : Maximum Rs.10 lacs
Minimum project cost : Rs.10 lacs
Rate of Interest : Click here to view the latest Rate of Interest Primary security : Land and building under EM. Property may be in the name of a NRI or jointly with another NRI /resident spouse.
Margin should be brought in by way of foreign inward remittance through normal banking channels or debit to NRE, FCNR, NRO account of the NRI.