by NRI Home Loan can be granted for following activities by majority of Banks in India.
a) to purchase / construct a new house / flat
b) to purchase house site and construction of house thereon
c) to purchase an existing house / flat
d) to extend an existing house/ additional construction
e) to repair / renovate an existing house / flat – in such case
f) to take over Home Loans from other Banks / Housing Finance Institutions
approved by National Housing Bank for Housing Finance.
g) for reimbursement of cost incurred for purchase / construction of house / flat – met from own resources during the preceding six months
Know More – Who are Eligible to Avail NRI Home Loan?