Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are NRIs entitled to home loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance?

April 26, 2017acquisition entitled financial institutions flat home loans House NRIs purpose Residential

0

10 Posted

Are NRIs entitled to home loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance?

1 Answer

0

10 Posted

A. Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC,LIC Housing Finance Ltd.,etc. to grant housing loans to non-resident Indian nationals for acquisition of houses/flats for self-occupation subject to certain conditions.