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Is it possible for an NRI to get a mortgage loan ?

Are you an NRI in urgent need of a large sum of money? Find out here if you can meet your needs with a loan against a property.

HeroFinCorp
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Is it possible for an NRI to get a mortgage loan ?

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  1. BUSINESS AND CORPORATE Is it possible for an NRI to get a mortgage loan?

  2. What does NRI mean? • Any person who spends more than 183 days of the year outside India.

  3. Is an NRI eligible to apply for a mortgage loan? • Yes, if they have all of the necessary documents.

  4. What documents do NRIs need to obtain a mortgage loan? #1 #2 #3 #4 • Property related papers • NRE/NRO account statement • KYC documents • Copy of work permit

  5. What factors influence an NRI loan against property approval?

  6. Credit profile • An NRI must not have a debt default record. • They must have a good credit score.

  7. Debt-to-income percentage • After paying existing debt EMIs, an NRI must have more than 50% of his monthly income remaining.

  8. Occupation status • Most lenders only approve mortgage loans to business owners.

  9. Property's health • The property must not be in a damaged state.

  10. Insurance • The property must be insured.

  11. What is the procedure for applying for an NRI loan against property? • NRIs can apply for this loan online or in person.

  12. NRIs can easily obtain a loan against a property if they have a good income, a decent credit history, and all the necessary documents.

  13. Thanks Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website :https://www.herofincorp.com/ Know More : Can NRIs get a loan against property in India?

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