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PRODUCTS - NRI LOANS
Sundaram BNP Paribas Home Finance Limited offers loans to Non-Resident Indians.

Schemes

  • Home Loans
  • Home Extension Loans
  • Home Improvement Loans
  • Land loans


Maximum Loan Amount :

  • For Home Loans
    Rs 1 crore or 85% of the cost of the property, whichever is less
  • For Home Extension Loans
    Rs 1 crore or 85% of the cost of the property, whichever is less
  • For Home Improvement Loans
    Rs.1 crore or 70% of the cost of the property, whichever is less
  • For Land Loans
    Rs.1 crore or 50% on sale deed value, whichever is less
Loan Term:
Maximum of 10 years

Fees:
1% of the loan amount.

Security:
Equitable Mortgage of the property financed

Terms And Conditions

  • Own contribution, which is the cost of the dwelling unit financed, LESS the loan amount, can be met from direct remittances from abroad through normal banking channels, from the NRE account and/or NRO account and/or FCNR account in India.
  • Fees, Pre-EMI Interest, Repayment of loan, which comprises principal and interest and other charges should be paid by remittances from abroad through normal banking channels, the NRE account and/or NRO account and/or FCNR account in India.

Documents Required For Processing

  • Latest salary certificate in original
  • A copy of the latest employment contract, wherever applicable / available


  • Last drawn wage certificate / slip
  • Continuous Discharge Certificate for the past 3 years (if applicable)
  • Copies of relevant pages in the passport (Name, Date of Birth, Validity, Visa stamped on the passport).
  • Credit Information report
  • For borrowers residing at U.S.A, Canada and New Zealand, Credit Reports from any of the agencies www.transunion.com, www.equarian.com, www.euqifax.com, www.experian.com should be obtained by the applicants.
Own Contribution Proof
  • Copy of bank statements showing debits for payments made in favour of the builder or withdrawals during the period of construction must be provided as proof of own contribution met from the NRE account and/or NRO account and/or FCNR account in India.

Other Requirements while Processing an Application for Loan from an NRI
  • Two local contact addresses with employment details and residence phone numbers.
  • Power of Attorney (Click here for our format).
Disbursement

You can take disbursement of the loan after
  • You have invested your own contribution in full (own contribution is the total cost of the property less Sundaram BNP Paribas Home's loan).
  • The property has been technically appraised,
  • All legal documentation has been completed and

The loan will be disbursed in full or in suitable instalments taking into account the requirement of funds and progress of construction, as assessed by Sundaram BNP Paribas Home and not necessarily according to the builder's agreement.

How to apply

You can download the Application Form or get it by normal mail.

In case you have further queries, get in touch with us, we will be glad to help you.

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