Yes, NRIs can apply for property loans. The documentation requirements include additional proofs such as VISA, Work Permit, and NRI bank account statements.
Interest rates and loan tenure vary depending on the lender, loan amount, and applicant profile. Typically, interest rates range from 7% to 12%, and loan tenure can extend up to 20-30 years.
The loan amount you can avail depends on your income, credit history, the value of the property, and other factors. Typically, lenders offer up to 60%-80% of the property's market value.
At Money Mentors, we are dedicated to helping you achieve your financial goals with ease and confidence. Our experienced consultants are here to guide you every step of the way, ensuring you get the best loan products tailored to your needs. Don’t wait to make your dreams come true – get expert advice and personalized solutions today.