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Kathit Gokhale

Can an NRI person get a home loan to purchase property in India?

1 Answer
S
Somashekhar Chopra

Yes, NRIs are qualified for home loans to buy real estate in India. However, the requirements for qualifying and the terms and conditions could vary from those for Indian residents. When applying for a home loan, NRIs must also assign a POA and a loan co-applicant if the bank mandates.

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