Selecting the Appropriate NRI Home Loan Tenor
First off, even though the interest rates on new home loans for non-resident Indians (NRIs) have decreased, they are still generally a little higher than those on new home loans for Indian residents. Also, when NRIs apply for a home loan, they frequently have to give power of attorney to a person they fully trust. Many documents must be signed during the home loan application procedure, and it may be difficult for non-resident Indians to stay in India during this time.
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