Guide
Buyer's Guide
Everything you need to know before purchasing your property from home loans and stamp duty to NRI guidelines and EMI planning.
EMI Calculator
KNOWING YOUR HOME LOAN EMIS
Can help you to plan your property buying process. Calculate it using this simple EMI Calculator.
NRI Guide
NRI Property Guide
RBI Guidelines
Who is a NRI under the provisions of Foreign Exchange Management Act?
Generally, an Indian Citizen who stays abroad for employment/carrying on business or vacationing outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad or a person who is not resident in India for a period over 182 days is a non-resident Indian. Persons posted in U.N. organizations and officials deputed abroad by Central/State Governments and Public Sector Undertakings on temporary assignments are also treated as non-residents
Home Loans FAQs for NRIs
For what kinds of property is a NRI eligible for Home loans?
- A) home loan is sanctioned to the NRIs for any of the following housing finance schemes :
- B) To purchase a house that is ready-built, under construction or from a second owner.
- C) To fund the purchase of a plot of land allotted by a society/development authority.
- D) For self-construction of a property on a plot of land.
- E) For renovation or improvement of an existing property in India.
Finance
Financial facilities from Government as well as Private Sectors Banks are available for all Balar Builders projects.
General FAQs
You can avail a maximum loan of 80% of the agreement value. However your loan amount may differ as per your income eligibility as approved by the bank. All loans are at the sole discretion of the bank.
Banks generally offer home loans for a tenure ranging from 15 to 30 years depending on the applicant’s eligibility, age, and repayment capacity.
Basic documents include identity proof, address proof, PAN card, income proof, bank statements, passport size photographs, and property related documents.
Self employed applicants are usually required to submit business proof, GST registration, ITR returns, profit & loss statements, and bank statements for loan approval.
Stamp duty charges vary depending on the property value, location, and applicable government regulations. Please consult the local authority for updated rates.