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Documents required for home loan: Proof of identity, residence and income. Photocopy of a valid passport and visa. Copy of property allotment letter/buyer agreement or agreement to sell, if property is already shortlisted. Passport size photographs of all applicants. Cheque towards processing fees.
A score ranging between 650 and 749 is considered good, and lenders may offer you a home loan after inquiring into your other financial details. However, lenders usually consider 650 as the minimum CIBIL Score required for a home loan. Scores ranging between 550 and 649 are average and need working on.
What is the maximum loan amount that I can get through NRI Home Loan? A person can get maximum 90% funding if the loan amount is Rs. 30 lakhs, 80% up to Rs. 75 lakhs and 75% for loan amounts above Rs.
NRI Home Loan Maximum Amount Like Resident Indians, NRIs, too, can avail of up to 80- 85 per cent of the total amount (depending on the flat value) of the cost of residential property as a home loan.
NRI Home Loan Eligibility The credit score of the applicant must be 750 or above. The applicants with higher credit scores have a higher chance of getting an NRI home loan approved. There are a few other factors like income stability, resident country, qualification, asset and liability ratio, etc.
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Anyone who comes under the definition of the Foreign Exchange Management Act, 1999 (FEMA) can avail a home loan in India.
NRI Home Loan Eligibility The credit score of the applicant must be 750 or above. The applicants with higher credit scores have a higher chance of getting an NRI home loan approved. There are a few other factors like income stability, resident country, qualification, asset and liability ratio, etc.
NRIs can build a good credit score by Ensuring that you have some credit accounts. Servicing your credit accounts properly with timely payments and appropriate utilization. Keeping the right balance of secured and unsecured credit.

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