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    Indiabulls Dubai NRI Home Loans - Interest Rate

    Indiabulls Housing and Finance Ltd. has steadily evolved as the most trusted and popular name. Being true to its motto of “Saluting the hard working Indian”, Indiabulls home loans also provide a doorstep service, instant self-approval, document checklist service, quick disbursal of loan and impeccable customer assistance makes the entire process of getting a loan smooth and hassle-free experience. The company’s portal offers unique tools like EMI Calculator, Tax Benefit Calculator, Loan Eligibility Calculator for the enhanced convenience of customers. They also provides home loans for NRIs. Many Indians move abroad these days with the aspiration of eventually settling down in India. This scheme is a blessing for all of them.

    Every Non Resident Indian, living abroad for the purpose of earning his/her bread and butter, has the dream of coming back to his own country eventually to settle down here, in his own house. While the emotional aspect of this aspiration is very powerful, the task of buying a house in India, especially when one is not residing here, can be a mammoth one. Buying a house involves various tedious processes like finding an ideal property, ensuring the builder credibility, paperwork, organising documents, and fulfilling the financial requirements; it seems impossible to get all of these right without being physically present. India will always be home irrespective of wherever you go. Indiabulls identifies and understands this challenge and offers NRI Home Loan services for Indians residing overseas. The economically flourishing Dubai has attracted a lot of Indians to work there. Indiabulls provides home loans for Indians residing in Dubai. The company offers practical and affordable home loans 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).

    Features and Benefits:

    The home loan scheme for Dubai based NRIs, provided by Indiabulls is loaded with a host of lucrative features and attractive benefits. These features make it ideal for the Indians living in Dubai to avail this scheme for buying their dream property in their home-country India. These key features have been listed below -

    • Extremely affordable and attractive interest rates.
    • Impeccable doorstep service in reference to the loan process.
    • Quick approval of loan.
    • Easy and fast disbursal of loan.
    • The facility of loan sanction is provided even prior to the finalisation of the property to be bought.
    • Already existing 5000+ pre-approved projects for customers to choose from.
    • Extremely easy monthly repayments available under part disbursements.
    • Promised Safe storage of your important and valuable documents. This is certified by ISO
    • The facility of balance transfer is provided to customers with reduced interest rates and EMIs
    • No pre-payment or foreclosure charges on home loan scheme for NRIs residing in Dubai.
    • A strong customer base of over one lakh people
    • The loan value available: is up to loan to value 80%. This is subject to certain terms and conditions
    • The loan repayment term extends up to a period of 20 years. This is subject to certain terms and conditions
    • The method of repayment provided is Equated Monthly Instalments (EMIs) from the borrower’s NRE/NRO account.
    • The scheme offers loan for every need like resale of home, buying home from a builder, residential plot purchase and construction loan.

    Documentation:

    The documents required for the purpose of availing Indiabulls Home Loans for NRIs residing in Dubai has been divided into three broad categories. They have been mentioned in detail, below.

    NRI documents checklist:

    • Duly filled loan application form
    • The loan application, apart from being duly filled, must be signed by all applicants.
    • One coloured passport-size photograph of all applicants. This needs to be signed across the photograph.
    • Processing fee cheque.

    KYC Documents:

    • Passport Copy of the primary borrower as well as his/her spouse.
    • Visa copy of the primary borrower self as well as his/her spouse.
    • PAN card copy of the primary borrower and his/her spouse.
    • Valid Labour Card / Work Permit / Official Identity Card of the primary borrower and his/her spouse.
    • Valid address proof of the applicant's (Indian residence address Proof) like Rent agreements, utility bill, and such like.
    • Valid copy of Emirates ID Card
    • Valid copy of overseas tenant contract copy

    Financial Documents:

    • For Salaried Individuals
    • Valid latest original salary certificate.
    • Last 3 months salary slip.
    • Last 6 months bank statement. This needs to reflect regular salary credits. This needs to be original or attested by Bank, at least three months.
    • Indian bank statement (NRE/ NRO account) for latest 6 months. This needs to be an operating account.

    Other Related Documents (as and if applicable)

    • Sanction letters of every existing loans.
    • Statement of accounts of all the existing loans.
    • Latest 6 months repayment track

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