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Applying for Loans as an NRI? Have a look Before Going Ahead

Everybody has the right to dream. Be it the dream of your perfect holiday destination, your brand-new car, or your children’s future, you never stop dreaming. Being an NRI, you might often dream of a building a new home in your motherland. You can also think of buying multiple properties at home for some other purposes. No matter what your aspirations are, you


need something to hold on to. You might need a loan in order to make your dream a reality. You might leave the country but the country doesn’t leave you. This is the beauty of being an Indian. When it comes to loans, with some government schemes being liberal while others being a little stubborn, you just need to little push to apply for your loan. It has never been too tough to apply for a loan, especially when it comes to ​Loans for NRI in Delhi​. Let’s have a look at the nuances of applying for loans if you are an NRI: The Documents that You Need to Possess There is always a Know Your Customer formality before you apply for a loan in any bank. A lot of companies irrespective of their background have made this formality a compulsion in the wake of fraudsters exploiting the companies. You need a passport and visa for the same. For your employment proof, you need your letter of appointment as well. Additionally, you need some of documents as well. These documents are listed below: ● Foreign address proof, ● Qualification certificate, ● Permanent Indian Address proof, and


â—? Tax return statements The Need for a Guarantor You often require a co-applicant for your loan. In most cases, the banks demand a guarantor who would be answerable on your behalf in the case, god forbid, you fail to repay your loan on time. You must choose your guarantor wisely, who should be trustworthy enough to cater to your needs. Eligibility Criteria As an NRI, there are quite a few things you need to take care of when you plan to apply for a loan. The most important of those things being your education, which must at least be at the graduate level. Moreover, you must have proof of employment abroad from the place you are currently working in. The bank must know your stability of income to decide whether to sanction the loan or not. The Period of Repayment Usually, when the locals apply for a loan, the period for their repayment sets much greater than that of an NRI. This is mostly due to the belief that NRIs are financially stronger than regular people back in our own country (most of which is true). When


an NRI applies for a loan, the banks allow them for a period of 15 years to repay the ​loans for NRI in Delhi (specifically for home loans). You should not let your shortcomings affect your aspirations. If you plan something big, go for it with the support of these loans. Don't look back!

Contact Us Company Name:​ Ajay Sawhney & Associates Contact Person:​ Ajay Sawhney Address:​ Ramesh Nagar, New Delhi-110015 Mobile:​ +91-98999-37999 Email:​ ​sawhneyaj@hotmail.com​, ​sawhneyaj1@gmail.com Website: ​http://www.nonresidents.in/

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Loans for NRI in Delhi  

You just need to little push to apply for your loan. It has never been too tough to apply for a loan, especially when it comes to Loans for...

Loans for NRI in Delhi  

You just need to little push to apply for your loan. It has never been too tough to apply for a loan, especially when it comes to Loans for...

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