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    DHFL Home Loans for NRIs

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.65% - 10.25% Floating
    5,000 to ₹20,000 One time fee
    1L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    Home Loan BYTES FROM OUR KITCHEN

    DHFL Home Loans for NRIs

    Overview of DHFL Home Loans for NRIs in Overseas Locations:

    Established in the year 1984, DHFL provides housing finance assistance to lower and middle income groups in semi-urban and rural India, at extremely affordable interest rates. Being the second housing finance company to be established in the country, the company boasts of a rich heritage. Based in Mumbai, DHFL has a widespread network of multiple offices across India. DHFL also has an international presence through its representative offices in Dubai and London for catering to the financial needs of NRIs. Taking a progressive step in the arena of housing finance, the organisation has tied up with leading private and public sector banks like United Bank of India, Punjab and Sind Bank, Central Bank of India and YES Bank.

    Every Non Resident Indian, who stays in a foreign land to earn his/her living, nurtured the dream of coming back to India and owning a house in his/her homeland. While the emotions behind this aspiration are very strong, the task of buying a house in India, especially when one is not residing here, can be a daunting one. As a buying a house involves various intricate stages like locating an ideal property, researching about builder credibility, paperwork, collating documents, and fulfilling the financial requirements; it seems impossible to get all of these right without being physically present.

    No matter where you go, India will always be home. Owning a home in India is a dream everyone cherishes, however being based outside India, buying a home in India can be quite a challenging and tedious task – starting from identifying a suitable property, ensuring builder credibility, legal processes, property documents and putting the finances in place.

    DHFL understands this challenge and hence offers NRI Home Loan services for Indians residing overseas. The company offers practical and simplified home loan solutions with convenience, and provides complete assistance through all the stages of buying a house (right from property search, financing options, legal, technical checks, and a lot more).DHFL’s international representative offices lets NRIs avail Home loan services right from the comfort of where they are based in any part of the world.

    DHFL NRI Home Loan Features and Benefits:

    Features and benefits for Home Loans for NRIs residing in the Middle East:

    • NRI Home Loan can be availed for purchasing new property, resale property, land purchase as well as construction requirements.
    • A maximum loan amount of up to 80% of cost of property is provided
    • The loan tenure is as long as up to a period of 15 years
    • If the prospective property is yet to be decided upon, then a pre-sanction loan facility is also provided.
    • Electronic clearing facility from non-resident accounts for repayment
    • Affordable and competitive interest rates

    Features and benefits for Home Loans for NRIs residing in United Kingdom:

    • NRI Home Loan can be availed for purchasing new property, resale property, as well as construction requirements.
    • A maximum loan amount of up to 80% of cost of property is provided
    • The loan tenure is as long as up to a period of 20 years
    • If the prospective property is yet to be decided upon, then a pre-sanction loan facility is also provided.
    • Electronic clearing facility from non-resident accounts for repayment
    • Affordable and competitive interest rates

    Features and benefits for Home Loans for NRIs residing in USA:

    • NRI Home Loan can be availed for purchasing new property, resale property, as well as construction requirements.
    • A maximum loan amount of up to 80% of cost of property is provided
    • The loan tenure is as long as up to a period of 20 years
    • If the prospective property is yet to be decided upon, then a pre-sanction loan facility is also provided.
    • Electronic clearing facility from non-resident accounts for repayment
    • Affordable and competitive interest rates

    The DHFL NRI Home Loan Advantage:

    • International representative offices enable you to get easy accessibility and help smooth communication directly from your base of operations.
    • Allotment of a dedicated officer helping with every stage of the loan availing process.
    • DHFL provides the borrower with an internal legal and technical teams to help with assessment and evaluation of the prospective property
    • A widespread network of over 450 offices across India to cater to the specific local requirements
    • Loan solutions for self-employed and salaried individuals
    • Smooth and quick handling of all the paperwork required in India

    DHFL NRI Home Loan Documentation

    The following documents are required to avail a NRI home loan if the borrower is residing in U.K -

    • Duly filled and signed loan application form
    • Copy of passport and valid visa (stamped)
    • Address proof - Utility bill, tenant agreement, etc.
    • Copy of valid identity proof and address proof for Power of Attorney in India
    • Copies of borrower’s salary slips of the last 3 months
    • Copies of appointment letter/ employment contract
    • Copy of latest year’s P60 form
    • Copies of Bank account statement for the last 6 months. This would mean current/checking account including salary account, Savings and Non-resident accounts – NRE/NRO.

    The following documents are required to avail a NRI home loan if the borrower is residing in USA:

    • Duly filled and signed loan application form
    • Copy of passport and valid visa (stamped)
    • Address proof - Utility bill, tenant agreement, etc.
    • Copy of valid identity proof and address proof for Power of Attorney in India
    • Copies of salary slips (last 3 months) of the borrower
    • Copies of appointment letter/ offer Letter
    • Copy of latest year’s W2 form
    • Copies of Bank account statement for the last 6 months. This would mean current/checking account including salary account, Savings and Non-resident accounts – NRE/NRO.

    The following documents are required to avail a NRI home loan if the borrower is residing in the Middle East:

    • Duly filled and signed loan application form
    • Copy of passport and valid visa (stamped)
    • Copy of valid identity proof and address proof for Power of Attorney in India
    • Work Permit/ Labour card copy / Employment Identity card of the borrower.
    • Latest Salary Certificate from employer
    • Pay slips of last 3 months.
    • Copies of Appointment letter/ Employment contract
    • Copy of latest tax returns, only if applicable
    • Copies of Bank account statement for the last 6 months. This would mean bank account with an overseas bank, Savings and Non-resident accounts – NRE/NRO.
    • Latest personal credit bureau report, only if applicable

    Frequently Asked Questions (FAQs)

    1. I want to avail a Home Loan from DHFL. Are there any eligibility criteria for the same?

      The applicant needs to be –

      • A resident of India or an NRI
      • At least, 21 years old or above during availing the loan
      • Below 60 during the maturity of the loan
      • Salaried or self-employed individual with an acceptable source of income
    2. What are the loan processing charges for NRI Home Loan availed by a borrower staying in the Middle East?

      The processing charges applied are 1% - 1.15% of the total loan amount.

    3. Approximately how much time is required for Home Loan disbursal?

      DHFL home loans are disbursed approximately within 3-15 days. This is after complete documentation and completion of all relevant procedures have been done successfully. This also includes the proof that 20% of the cost has been paid upfront to the seller of the property.

    4. Why does DHFL offer home loans for NRIs (residing overseas)?

      A lot if Indians move abroad due to career and work opportunities. While some of them intend to settle down there, a huge chunk of them want to come back to India post retirement. It is for this sake that they want to invest in a property back in India so that they have an abode when they are back. On the other hand a lot of NRI youth staying abroad, earning well, intend to buy property in India for their old parents and it is for this purpose that they need a home loan. DHFL provides home loans to simplify such need for financial funds for buying a house, for NRIs.

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