NRI HOME LOANS:
HOME LOANS TO NON RESIDENT INDIANS (NRIs) &
PERSONS OF INDIAN ORIGIN (PIOs)
Eligibility
· Non Resident Indians (NRIs) or Persons of Indian Origin(PIOs)
· The applicants should have a regular source of income.
· Minimum employment tenure in India/Abroad should not be less than 2 years.
Loan Amount
· Minimum Loan Amount: Rs. 3 lacs
Maximum Loan Amount: No upper cap.
Maximum Loan Amount: No upper cap.
(Other terms and conditions are as applicable to regular Home Loan Scheme)
Loan process
2-Prepare credit documents as mentioned below
1. Passport with Visa copy
2. Work Permit, Work contract & Appointment Letter
3. Employment Profile for last 5 years.
4. Valid residence proof
5. Employer's I Card (Labour Card, if applicable)
6. Statement of Overseas Bank A/c. and Indian NRE a/c which
reflects salary credit of last six month
7. Salary Slips (3 months) or
Tax Returns (if applicable)
8. Power of attorney in Bank format (if applicable)
Above documents must be attested/verified by SBI foreign branch/Indian Embassy
(In US apostile docs by Notary will work for loan)
(In US apostile docs by Notary will work for loan)
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