For what kinds of property is a NRI eligible for Home loans?
A home loan is sanctioned to the NRIs for any of the following housing finance schemes: a) To purchase a house that is ready-built, under construction or from a second owner b) To fund the purchase of a plot of land allotted by a society / development authority. c) For self-construction of a property on a plot of land. d) For renovation or improvement of an existing property in India.
