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What Are The Reviews Of The Prestige City, Mulund, West Mumbai?
You may have a query like, can NRI get home loan in India. Non-resident Indians (NRIs) are attracted to the Indian real estate market because they may earn in a stronger currency and pay in Indian rupees more easily. Things are made simpler by the availability of home loans from Indian banks for the acquisition of property. You must be wondering, can NRI get loan in India. A home loan in India is available to anyone who meets the criteria of the Foreign Exchange Management Act, 1999 (FEMA). If a person is in India for less than 182 days in the previous financial year, he or she is termed an NRI. You must know about NRI home loan documents required if you’re an NRI and want to take Home loan in India. NRIs, on the other hand, are restricted to purchasing a maximum of two homes in India. An NRI cannot buy more than two properties in India. Commercial property, on the other hand, is exempt from these rules. NRIs cannot, however, buy agricultural land in the country. There is no specific NRI home loan eligibility in India. I think I have resolved your query.
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