When the heart says, ‘I love my India’, why wait to build your dream house in Bangalore? NRI home loans brought to you effortlessly by the banking and NRI Home Loan specialists, ARNinvest. Tailor-made NRI home loans at reasonably priced rates and limited terms will help you hand-in-hand to finally make the call to build the house where your heart belongs!
To define NRIs, they can be simply stated as people who are on a work Visa in abroad for more than 6 months. Real estate in India is seen to be declining on new launches with lowest qts ( quarter to sell) on unsold inventory across developers When it comes to choosing the best city for building a house for NRIs, Bangalore is a splendid option since it is the fastest growing metro with the highest office space absorption. As per latest data, four developers are from Bangalore out of top-10 which suggests that 40% of class resides at Bangalore across pan India.
As the ‘financial gurus’ we understand your requirements and queries with deep expert knowledge, and therefore have curated few of the top and prominent facts and benefits about NRI home loans you should know at the first hand.
As a very unfortunate scenario, we have been deeply graved with few of our clients who have been duped or scammed with false NRI home loan claims from some mediocre financial institutions. It is since then that we have raised the bar in spreading awareness to all concerned NRIs who are looking for building a property in India. As a facilitating influence, ARNinvest goes to great lengths to bring you quick facts check before you apply for an NRI home loan.
Do not fall for untruthful claims that say it is a dicey matter for NRIs to get easy home loans. Take it from the horse’s mouth, if you have the legal documentation of having Indian citizenship, we do not hesitate to let you opt for a Home Loan. If you are salaried, the tenure can go up to 30 years. Having core expertise in NRI home loans, we would like to advise you to get your loan sanctioned first and then make a decision further on the property you want to buy. This will automatically give you financial buffer. However, one critical point to keep in mind is that for NRI Self-employed customers, bank does not sanctions home loans.
As a financial institution of high repute, ARNinvest abides by all the latest lawful regulations concerning NRI Home Loans and strongly condemn against any bias related prerogative given to NRIs on interest rates. To illicitly squeeze out extra money from clients in consideration of being him or her to be an NRI, there have been cases registered of conning in terms of differing interest rates. This is to be kept in mind clear and straight, that as per the revised policies by RBI, there is no difference in interest rates for NRIs. The rates are the same for both Indian residents and as well as for NRIs too. Only the registration rates differ with respect to registering the property.
As the broad name suggests, NRIs can now appoint a person to authorize him or her as the power of attorney who would have the same legal rights as you for applying for an NRI home loan. Keeping the stringent laws in mind, ARNinvest will ensure that the person appointed, must be your blood relative.
ARNinvest is a Platinum Agency, empanelled with over 18 banks, and shortlists-prospective bank with best interest rates. Thus, adhering to RBI regulations, banks are legally responsible to charge repayments of the housing loan by NRIs, payable in Indian Rupees only. As far as the banking gateways are concerned, the remittances can be made from abroad itself via normal banking channels or through NRE account/NRO account. It is never mandatory for the NRI candidates to come down to India physically for the same cause.
With a robust team of highly proficient and dexterous minds, ARNinvest is growing steadily with being one of the top choices for NRIs home loans. Our unbending reporting and approval processes and our competence to draw on the resources available through our Bank network of research analysts and industry specialists makes us best NRI home loans providers. Here are a few jewelled benefits you get with us:
Wish to get in touch with us today? We are waiting too! Call or message us today for all the information you want regarding NRI Home Loans and more.
