An Indian citizen can apply for a loan anytime they want, but things can get a bit complicated for NRIs. I used to believe that an NRI commercial property loan in India was not possible, but I was wrong. They can apply for it. They will just need to showcase more documents than an Indian citizen. If you are looking for an answer to the same query, this answer will help you.Seek NoBroker’s Loan experts’ aid before availing a home loan here
How to get commercial property loan from HDFC for NRI?
A commercial loan is a type of loan designed for the commercial purchase of buildings or plots. Such loans are mainly used to buy office spaces, but at no cost, they can be used to buy residential units. If you have the query-can NRI get loan for commercial property, let me tell you yes, they can. Different banks have set different criteria for it. As far as I know, the eligibility to avail of a home loan at HDFC is the same for NRIs as it is for Indian residents. Self-employed professionals and non-professionals can apply for a commercial property loan in HDFC. All they will need is a stable income. The documents that are required to be furnished are-
Identity proof- Passport/ PAN card/ Voter Card/ Aadhar Card and more
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Can NRI Get Loan for Commercial Property?
Oishi
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March 21, 2023
2023-03-21T10:40:32+00:00 2023-03-21T10:42:17+00:00Comment
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