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Can NRIs obtain loans for buying a house/flat for residential purpose from financial institutions providing housing finance?

April 26, 2017buying financial institutions flat House Loans NRIs obtain providing purpose Residential

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Can NRIs obtain loans for buying a house/flat for residential purpose from financial institutions providing housing finance?

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Reserve Bank has granted general permission to certain financial institutions providing housing finance to grant housing loans to non-resident Indians for acquisition of houses/flats for self-occupation subject to certain conditions.