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Mortgage Loans To NRIs
Purpose General Purpose Loan
Eligibility NRIs/PIOs holding job for 2 years/self-employed with NMI equal to US $ 1000/NAI US $ 12000
Loan Amount   36 times NMI for salaried/3 times NAI for others Minimum Rs. 2 lacs Maximum Rs. 50 lacs
Margin 50% of the market value of the property
Repayment 72 equated monthly instalments
Processing charges 1% of the loan amount
Security Mortgage of immovable property

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