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Home Finance - Eligibility
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Key Features
- Attractive Interest rates
- Free personal Accident insurance
- Simple Documentation and Speedy processing
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NRI Eligibility Criteria
- Minimum Gross Income
- For loan tenor upto 5 years : USA/UK /other countries excluding Gulf - USD 30,000
- For loan tenor from 6 to 10 years : USA/UK /other countries excluding Gulf - USD 42,000
- For these loans, provisions of Foreign Exchange Management
(Borrowing and lending in Rupees) Regulation, 2000 shall be applicable.
- Only the Income of the principal borrower/s will be considered
for income eligibility of the non-resident Indian.
- Processing fee payment source - Has to be by way of inward remittances
through normal banking channel or by debit to NRE/FCNR (B)/NRO/NRNR/NRSR
` accounts or out of rental incomes derived from the property.
- The applicant must be a graduate (Minimum 3 years post secondary school
qualifications).
- In case of applications without a co-applicant, a personal guarantee of
one/two persons will be required.
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