What Is The Loan Amount Which Can Be Sanctioned?
The maximum loan that can be sanctioned varies with housing finance companies but the maximum loan amount is 80 to 85% of the cost of your home...

When and how can an application be made for home loans?
An application for home loans can be made any time after you have decided to acquire/construct a property....

What is the repayment period for a NRI Home Loan?
The housing finance offered to NRIs normally do not exceed 5 years. However, some HFCs offer loans for a term of 7 years.....

How is the mode of payment for NRI home loans?
The loan towards the house has to be paid upfront for the entire tenure of the loan by way of direct remittances from abroad through normal banking channels or from such accounts as may be permitted by RBI from time to time....

Investment Property and Rental Income
NRIs can freely rent out property, source of acquisition of property not significant....

How does the automatic route work?
The automatic route has simplified much of the cumbersome investment process. Approval from the Reserve Bank is not required anymore...