South Indian Bank NRI Home loan

21-75 years of age

5 - 30 years or until the attainment of 75 years, whichever is earlier

1. Salaried
2. Self-employed/businessmen

Minimum credit score of 730 obtained from a recognised credit bureau

Identity Proof

1. Valid Passport
2. Voter ID Card
3. Driving Licence
4. PAN Card
5. Aadhar Card

Address Proof

1. Aadhar Card
2. PAN Card
3. Driving Licence
4. Voter ID Card
5. Valid Passport

Income Proof for Salaried NRI Applicants

1. Salary Slips or Latest Salary Certificate
2. Employment Contract
3. NRE account statement of your account in India and/or your spouse's resident account statement into which funds are being remitted regularly
4. Salary account statement indicating salary credits for the last 12 months

Income Proof for Self-Employed Applicants

1. Business Proof
2. Balance Sheet and Profit & Loss account statements of the business entity
3. Overseas bank account statements of the individual indicating regular income credits for the last 12 months
4. NRI account statements of the account in India into which funds are being remitted regularly for the last 1 year

Other Documents

1. Photocopy of the valid Visa
2. Copy of the Passport
3. Work Permit
4. Employer ID Card
5. Two passport size photographs of all the applicants/co-applicants and the guarantor along with the duly filled loan application form

For purchase of a residential plot with a ready to move-in property

1. Sale Agreement
2. Copy of Approved Plan
3. Building Tax Receipt
4. Location Sketch (issued by the Revenue Office or the Village Office)
5. Possession Certificate (issued by the Revenue Office or the Village Office)
6. Land Tax Receipt

For purchase of a new house/apartment

1. Sale Agreement
2. Building Tax Receipt
3. Occupancy Certificate or Completion Certificate (if the property is being bought from the developer/builder directly)

For purchase of an under-construction property

1. Agreement for Sale and Construction
2. Copy of the Approved Plan and Building Permit
3. Tripartite Agreement which is to be obtained prior to loan disbursement
4. Statutory approval from local bodies
5. No Objection Certificate (NOC) from the bank financing the project, if applicable

For Construction of a Residential Property

1. Photocopy of the approved building plan
2. Construction estimate obtained from a civil engineer/architect
3. Possession Certificate (issued by the Revenue Office or the Village Office)
4. Location Sketch (issued by the Revenue Office or the Village Office
5. Land Tax Receipt

For purchase of a residential plot and construction of a house on it

1. Sale Agreement
2. Location Sketch (issued by the Revenue Office or the Village Office)
3. Possession Certificate (issued by the Revenue Office or the Village Office)
4. Land Tax Receipt
5. Self-Declaration by the individual stating the estimated construction cost and the estimated area of the property being constructed

For Extension/Renovation/Repairs

1. Estimate for Repairs/Renovation
2. Copy of Approved Plan and Permit, if required
3. Building Tax Receipt
4. Land Tax Receipt