NRI Q&A, NRI Home Loan Basics, January 11, 2018

In this video, we find out whether NRIs can get home loans in India when they buy a property in India In this video, we explore the basics of NRI home loans in India Home loans are offered by various banks for their NRI clients The applicable regulatory framework provided by FEMA and Income Tax Act regulates the loans that will be disbursed to NRIs for properties they buy in India Home loans are given for buying a new home, secondary purchase or resale home, plot of land constructing a house in a plot of land and renovation work or extension of existing home in India You need to have a NRE or NRO account in a bank in India from which the home loan EMIs will be serviced The other home loan processes to be followed will be given to you by the bank providing the home loan A lot of banks are providing this facility from overseas branches