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If loan against deposit can be availed to buy house/flat or commercial property?

April 26, 2017availed buy Commercial deposit flat House loan Property

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If loan against deposit can be availed to buy house/flat or commercial property?

1 Answer

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Ans. Yes, RBI has granted general permission to NRIs/PIOs to buy flat/houses for own residential purposes. Purchase of agricultural land, plantation property or farm house is prohibited.