A Non Resident Indian can buy any immovable property other than agricultural land, farm house and plantation in India. There is no difficulty for them to avail Home Loan to purchase a property as well. If the person is living not in a country with a negative profile in the database of the Bank, then there is not much complications to get Home Loan.

Your Probability of getting loan:

1. Though the educational Qualification is not a constraint, the NRI must be a graduate
2. Many of the Banks specify that the NRI should have an annual income of $ 42, 000 (USA) and AED 84,000 (GCC) for salaried employees and for self- employed. This yard stick may vary from bank to bank
3. You may not apply for the loan if you are above 60 or below 25
4. NRIs need to submit additional documents like copy of the passport, a copy of the works contract.
5. A Resident can pay through postdated cheques or through savings bank account. NRIs shall repay the loan through Non Resident External (NRE) or Non Resident Ordinary (NRO) account cheques only.
6. NRIs loan term is 180 months maximum unlike resident Indians. Maximum term for NRI home loans varies from bank to bank.
7. NRIs not based in India and they may not be in position to sign on all papers and enter in to agreements for the purchase of properties. So, they need to submit a power of attorney to get a housing loan.

Present job profile, Educational and professional qualifications, experience, probability of continued stay in abroad till the loan repayment is taken into account.

1. Visa stamped on passport
2. Copy of the employment contract
3. If the contract is in any language other than English, the same has to be translated into English and counter signed by the employer/Indian Embassy.
4. Latest salary slips (Certified) for the past 6 months.
5. Identity card issued by the present employer.
6. Continuous discharge certificate (if applicable)
7. Latest work permit.
8. If you are working in merchant navy, contract slip with income details.
9. Copy of the local income tax returns.
10. Non Resident External (NRE), FCNR, NRO and International account passbook sheets.
11. Overseas Bank account statement for the past six months.
12. Bio data details about educational qualifications, age, job experience and profession/business with proof.
13. Power of attorney in favour of local representative in India.

1. Title deeds of the land owner for a period of last 13 Years
2. An Encumbrance Certificate (EC issued by the concerned sub registrar) for the past 13 years.
3. Khasra Pahani (a document indicating ownership of property as entered by the revenue authorities)
4. A sanctioned layout plan. In case, if you are in India, the Power of Attorney can be locally notarized. Normally Wife, Husband, Father, Mother, Brother, Sister can be given the power of attorney. The power of attorney holder does not have the power of dealing with the property. He or she gets the powers that you clearly mentioned in the power of attorney.

1. Passport size photograph.
2. Copy of your passport, PAN card, Driving License, SSC – School leaving certificate, Birth Certificate, LIC Policy.
3. Bankers sign verification.