by The borrowers with the following details are eligible for NRI Home Loan with any banks in India. These are the minimum requirements to apply. Bank may ask for additional documents based on their satisfaction.
(i) Resident Individuals – Salaried / Businessmen / P&SE with minimum period of confirmed service / experience of 3 years
(ii) Pensioners
(iii) Our Bank Staff
(iv) Hindu Undivided Family (HUF)
(v) Non-Resident Individuals – gainfully employed abroad (who have put in a minimum period of confirmed service / experience of 2 years – including previous employment / experience and confirmed in the present employment) with a residual contract period of service for at least three more years to run.
Know – Can existing borrowers avail the benefits of the new interest rate?
What are the minimum entry / exit age of the applicant in NRI Home Loan ?
Residents: Minimum entry age is 18 years and Maximum exit age is 70 years.
Non-Residents: Entry Level: Between 21 and 50 years
Exit Level: Maximum 60 years (can be considered up to 70 years on case to case basis)