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Kareena Chowdhury

Are NRIs eligible for home loans (commercial property) in India?

1 Answer
S
Somprakash Dhawan

Indeed, home loans are available to NRIs for residential and commercial properties in India. However,NRIs must assign a Resident Indian POA (Power of Attorney) to apply for the home loan. In addition, assigning a POA belonging to the city of the particular Bank Branch is preferable. Moreover, some banks may require a co-applicantto sanction the loan.

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