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We will finance for housing loans to Indian Nationals (Indian passport holders) residing abroad for construction/purchase of residential unit for their self occupation on return to India and also to undertake major repairs, renovation and extension work to the existing residential building.
For Can Fin to assess the quantum of your loan eligibility, it looks into your repayment capacity. This is based on your income, work permit/green card, bank accounts, visa, age, qualification, work experience, number of dependents, etc. To work out the details, mail us and our experts will understand your need and find a suitable loan option that suits you best |
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Personal documents
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Employment contract ( If the contract is in any language other than English, the same has to be translated into English and attested by employer/Indian Embassy).
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Certified copy of the latest salary slips for the past 6 months.
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Identity card issued by the current employer.
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Continuous discharge certificate, if applicable.
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Latest work permit.
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Visa stamped on the passport.
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NRE bank account pass sheets.
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Overseas bank account statement for the last 6 months.
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Bio-data covering educational qualifications, age, job experience, nature of profession/business etc., with necessary proof.
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Power of attorney in favour of local representative in India , if required.
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Guarantor forms along with net worth proof/income proof. Number of guarantors as per the norms of the company. The guarantors should be related to the applicant/applicants.
Term
5-7 years
Remittances
All remittances towards housing loan , i.e. processing fee, administrative fees margin money investment, pre EMI ,EMIs ,penal interest , other charges etc., to be made by way of direct remittances from abroad or by debit to NRE/FCNR/VRO accounts of the borrower
Formalities on change of residential status to Resident India
- A letter stating the borrower has returned to India for good to be obtained before conversion to Resident a/c
- A request to convert the Account to Resident
- A copy of pass port/Visa Entry showing the date of entry to India .
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