|Global Home Loans|
There are many agents and land dealers who promise too get you the best deals and with their heavy commissions sell land with unclear title or dispute property without your knowledge. hence the first thing while thinking of investing in India is to contact a relative or friend and enquire before hand about the land, property , deals and in case you need about companies offering home loans to NRIs.
The news also reports about the RBI loosening a bit on rules for NRIs to encourage more investments in India.
|Home Loans Simplified Facts|
Many Banks and finance companies lending home loans have their branches in many foreign countries and it become easier to provide details about your income and identity proofs. While buying property which you wish to give on rent it is better to have a legal contract about the same with the guidance of a professional lawyer, as there have been many fraudulent cases where people on rent have stayed for years and claimed ownership of such property.
|Dream Home Home Loans|
Having legal clear title property will reduce all the hassles later on in case of any fraud cases in property deals. Having a representative in India to handle finances is also advisable provided the person is of your trust, otherwise banks and finance companies are more than helpful to handle NRI clients investing in property in India.
In case you as an NRI are buying property on home loan for investment purposes a simple tip would be to make legal documents and transfer the rent availed from the rental client, total or as part sum for your repayment EMI amount of home loan. So you as an NRI , while your property keeps appreciating in value, you also keep earning rent the same money goes to repay your monthly EMIs on your home loan, both win win situation!
|NRI Investing in Property in India|
Advance Repayment Calculator
NRI First Home Loan
Power of Attorney for NRI
All the Best from Rizwana!