What is meant by “Own Contribution”? Is it necessary that the own contribution have to be paid through the NRE account?
Own Contribution is the cost of the dwelling unit financed less the loan amount. The own contribution should be met from direct remittances from abroad through normal banking channels or from the Non-Resident (External) Account/Non-Resident (Ordinary) or the Non-Resident Special Rupee account in India. The own contribution must be completed to enable HDFC to disburse the loan amount.
Related Questions
- What is meant by "Own Contribution"? Is it necessary that the own contribution have to be paid through the NRE account?
- How do I cancel my paid subscription to Pandora One and revert to a free, ad-supported Pandora account?
- How is the Government’s annual contribution paid into my first home saver account?
