9 Charges To Be Aware Of Before Applying For A Home Loan
Intimation Of Registration Fee and Notary Fee:
Though the Intimation of registration fee is a new process, everyone has to abide to this new fee. However, this new fee process is only followed in Maharashtra which is Rs 1,300. The other is the Notary Fee, which if you are an NRI, then your Know Your Customer (KYC) and the power of attorney (POA) needs to be notarized by the Indian embassy or a local notary available abroad.
Adjudication And Indemnity Cost:
To start the process for a home loan application, if you are the POA-holder of an NRI, the notarized POA needs to be adjudicated here in India before submission to the lender. The borrower needs to indemnify the lender for certain risks, for instance, if the builder faces a delay in receiving an approval or the property tax is yet to be paid fully by the seller, or some other.
Read More: Looking For Common Ground on GST; Hope to Pass It Soon: Govt
FinMin to Meet Banks on Dec 1 to Make Gold Scheme Attractive
.jpg "Yuvaraj Finance: Redefining Financial Empower-ment & Innovation for a Dynamic Future")
