2. Ways of Financial Assistance:

To buy a property in India, NRIs feels that financial institutions are the easiest option. In return even financial institutions provide loans for these people as they feel that they are their potential clients and they even pay their debts promptly.

RBI has laid some rules and regulations for NRIs taking loan from Indian financial institutions to buy any property.

a. The financial institution will only provide up to 80 percent of the total amount and the rest should be given by the NRI himself.

b. The NRI has the opportunity to repay the down payment account through normal banking channels like NRO/NRE account in India.

Through these channels he/ she can repay the primary account as well as the interest rate.

Also Read:

9 Simple Ways to File Your Income Tax Returns

Why India Should Have Women Centric Banks?

5 Unusual Ways You Can Borrow Money for Your Business