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Can authorized dealer grant loans to NRIs for acquisition of a flat / house for residential purposes?

April 26, 2017acquisition authorized Dealer flat House Loans NRIs purposes Residential

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Can authorized dealer grant loans to NRIs for acquisition of a flat / house for residential purposes?

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Authorised Dealers (banks) can also grant loans to NRIs for acquisition of a flat / house, for residential purpose, subject to the terms and conditions specified under Regulation 8 of Notification No. FEMA 4 /2000 RB dated 3rd May 2000.