Is it possible for an NRI to get a mortgage loan?

1
Is it possible for an NRI to get a mortgage loan?
2
What does NRI mean?

• Any person who spends more than 183 days of the
  year outside India.

3
Is an NRI eligible to apply for a mortgage loan?

• Yes, if they have all of the necessary documents.

4
What documents do NRIs need to obtain a mortgage
loan?
1
2 3
4

• Property related papers

• NRE/NRO account statement

• KYC documents

• Copy of work permit

5
What factors influence an NRI loan against
property approval?
6
(No Transcript)
7
Debt-to-income percentage

• After paying existing debt EMIs, an NRI must have
  more than 50 of his monthly income remaining.

8
Occupation status

• Most lenders only approve mortgage loans to
  business owners.

9
Property's health

• The property must not be in a damaged state.

10
Insurance

• The property must be insured.

11
What is the procedure for applying for an NRI
loan against property?
12
NRIs can easily obtain a loan against a property
if they have a good income, a decent credit
history, and all the necessary documents.
13
Thanks
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
Know More Can NRIs get a loan against property
in India?