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Can NRIs give a Power of Attorney in favour of a person of his choice in India to complete loan formalities on my behalf?

April 26, 2017behalf COMPLETE favour formalities India loan NRIs person power of attorney

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Can NRIs give a Power of Attorney in favour of a person of his choice in India to complete loan formalities on my behalf?

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Yes, normally it is desirable to appoint a Power of Attorney in India to represent you in dealings in India. The power of Attorney should be executed as per drafts provided by the housing finance company. The power of Attorney can be given to any person of your choice in India.