NRI Loans with Leading Banks in India Hyderabad

NRI Loans

Seamless Financing for NRI’s

Explore Opportunities with MyFinCorp for NRI Loans

MyFinCorp understands the unique financial needs of Non-Resident Indians (NRIs) looking to invest in property or meet personal financial goals in India. Our NRI Loans offer tailored solutions designed to simplify the process of financing property acquisitions and other investments in India.

Why Choose MyFinCorp for NRI Loans?

Specialized Home Loans: Access competitive home loan options specifically crafted for NRIs, whether you’re purchasing a property for residential or investment purposes.
Competitive Interest Rates: Benefit from attractive interest rates designed to make financing more affordable and cost-effective for NRIs.
High Loan Amounts: Avail substantial loan amounts based on the property value and your repayment capacity, empowering you to make significant investments.
Flexible Repayment Terms: Choose from flexible repayment tenures that align with your financial goals and cash flow, with options for long-term financing.
Quick Approval Process: Experience a streamlined application process with quick approvals, ensuring you can capitalize on investment opportunities promptly.
Minimal Documentation: Simplified documentation requirements tailored for NRIs, facilitating a smooth and hassle-free loan application process from abroad.
Dedicated Customer Support: Access specialized assistance from our team of experts who understand the intricacies of NRI financing, providing guidance at every step.

8.5%

Interest Rate

Starts from 8.5 to 12%

80%

Loan Amount Range

Up to 80% on Property value

0.5%

Fees and Charges

Start from 0.5% to 1%

For NRI

KYC : Applicant and Co-Applicant

Valid passport and visa (attested copy)
PAN, Driving License, Aadhar Card
Address proof with the current overseas address
Documents must be attested by Overseas Notary Public or Indian Embassy/Consulate.
passport size photograph
Employer identity card

Income Proof Documents for NRI

For Salaried
- Employment contract Letter with an English translation (if it’s in another language)
- Last 6 months’ salary slips or salary certificate
- Last one Year bank statements showing salary credits
- Latest Individual Tax Return (duly acknowledged copy) except for NRIs/PIOs located in Middle East countries & Merchant Navy employees.
For Self-employed
- Business address proof
- Income proof in case of Self-employed Professionals / Businessmen.
- Last 2 years’ balance sheet and P&L accounts (audited / C.A. certified).
- Last 2 years’ Individual Tax Return except for NRIs/PIOs located in Middle East countries
- Last 12 months’ bank statements of overseas account(s) in the name of individual as well as company.
GPA ( General Power Attorney ) PAN, Aadhar Who is Staying in India

Property documents

Agreement of Sale
Mother link Document Copies of all, that can establish the chain of ownership for the past 20 years.
Building Construction Permission Plan
Encumbrance certificate for 20 years
Property tax paid receipt

Yes, NRIs can apply for home loans in India to purchase residential property. Many banks and financial institutions offer specific loan products tailored for NRIs, allowing them to invest in Indian real estate.

Eligibility criteria typically include factors such as the applicant's income stability abroad, credit history, employment status, compliance with regulatory requirements, and the purpose of the loan (e.g., property purchase or personal use).

The loan amount that NRIs can avail depends on factors such as the property value, the borrower's repayment capacity, and the lender's policies. Generally, banks offer up to a certain percentage of the property value as a loan.

Commonly required documents include passport copies, visa copies, overseas employment contract or appointment letter, salary slips, bank statements, address proof abroad, and property-related documents (if applicable). Specific requirements may vary among lenders.

NRIs can repay their loans through various channels, including remittances from their overseas bank accounts, Electronic Clearing Service (ECS) from their NRE/NRO accounts in India, or through post-dated cheques (PDCs) issued from their NRE/NRO accounts.