If you’re a non-resident Indian looking to invest in real estate sector in India then it can be quite a lucrative investment for you.
Let’s go through some major benefits of housing loan for NRIs:
Easy to manage
Managing housing loan for NRIs is rather convenient and quick than before, thanks to the modern day internet facilities. NRIs can make use of home loan online calculators to check their loan amount eligibility, monthly installment, tenure to repay and total costs incurred on the interest rates. Even home-search is made quite simple with home loan Advisory Services in the country where you currently reside.
They will help with expert legal and technical counseling to let you make the right home buying decision. Right at the cozy corners of your home or offices in foreign nation you can get complete valuable insights on developer projects, location, documentation process and their offerings.
Moreover, easy documents upload and online application trackers provide updates on the application status. You can also download a mobile app these days or visit the company site to easily manage your account online. Furthermore, the entire process of housing loan for NRIs is made rather easy with one-click loan approval and quick disbursal in bank accounts.
It’s not just about giving NRI Home Loans and things get over, leading NBFCs will partner you with every step of the way so that you ensure a comfortable experience of buying your house. They will not only ensure a speeding processing of loan application but will give you doorstep service and customization of the loan.
Your requirements are taken into consideration and you get complete assistance you need to choose the property, builder documents, application process, their approvals. They will help you choose an apt home loan monthly installment, interest rates and tenure of your housing finance.
Loans at attractive interest rates
Private finance companies offer competitive pricing in home loans for NRI in India. You can get an NRI housing loan upto 80 to 85% of the property value, however, based on your repayment capacity. They give you attractive interest rates and flexible monthly repayments under part disbursements.
When you choose for adjustable home loan interest rates, you can link your loan rate to benchmark rates of housing companies. When there is a change in the benchmark rate, the rate on your housing loan gets revised. In case you find your existing loan is costly on your wallet you can plan to refinance your NRI Home Loans. It is possible with reduced interest rates and EMIs.
There won’t be any pre-payment or foreclosure charges on the loan amount if you negotiate well with the lenders. Also, you can do some impressive rent savings and tax benefits as well on avail NRI housing loan finance.