Home Loan for NRI - Eligibility, Documentation, & it's Procedure | RSP LIC Housing Loan
Home Loan for NRI - Eligibility, Documentation, & it's Procedure RSP LIC Housing Finance Limited (RSP LIC HFL) offers NRI home loans to facilitate property purchases in India for NRIs. These loans can be used for buying a new home, constructing a house, renovating, or extending an existing property. Eligibility: To be eligible for an NRI home loan, the borrower must: Be an NRI with a valid passport and visa. Have a stable income and employment abroad. Maintain a good credit history. Loan Amount and Tenure: The loan amount is determined based on the property value and borrower’s repayment capacity. The tenure can extend up to 20 years, subject to the borrower’s age and loan amount. Interest Rates: RSP LIC HFL offers competitive interest rates for NRI loans, with both fixed and floating rate options available. Processing Fees and Charges: A processing fee is applicable, typically a small percentage of the loan amount. Other administrative and legal charges may also apply. Documen...