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.

For what purposes can an NRI avail a home loan?

April 26, 2017avail home loan NRI purposes

0

Posted

For what purposes can an NRI avail a home loan?

1 Answer

0

Posted

A home loan can be availed by an NRI for any of the following purposes: a) To purchase a house either ready-built, under construction or from a second owner. b) For self-construction of a property on a plot of land. c) To finance the purchase of a plot of land allotted by a society / development authority. d) For renovation or improvement of an existing property in India.