Indiabulls United Kindom NRI Home Loans - Interest Rates

It involves thorough stages like finding an ideal property, ensuring the builder credibility, paperwork, organising documents, and fulfilling the financial requirements. Indiabulls identifies and understands this challenge and offers NRI Home Loan services for Indians residing overseas.

UK has always attracted many Indians, since ages. The country is flourishing in terms of varied career prospects and academic excellence. Indiabulls offers home loans at affordable interest rates, 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 UK based NRIs, provided by Indiabulls has with a lot of lucrative features and attractive benefits. These features make it ideal for NRIs residing in UK to avail this loan for buying a house in India. These key features have been listed below -

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

Documentation:

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

NRI Documents Checklist:

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

KYC Documents:

1. Valid identity proof of the borrower like PAN Card along with Passport and Visa and UK Work Permit.
2. Proof of residence/address proof like Utility bills like telephone, electricity or water bill / Registered Rent Agreement.

Financial Documents:

1. Last 2 years' Income Tax Returns along with computation and financials.
2. Bank statement for last 6 months (all active bank accounts).
3. Consumer Credit Check report.
4. Other Related Documents if and as applicable.
5. Sanction letter or account statement of existing loans.
6. Bank statement reflecting loan repayments.
7. Bank statement from where the borrower has made payment to the builder (his own contribution).
8. In case the property is already decided, photocopy of property title documents.
9. All documents to be self-attested by the borrower.

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