Home Calling! Convenient Home Loans for Dubai-based NRIs and PIOs
To have a place to call home in your own country brings a deep sense of belongingness to each and every one of us. At Indiabulls Home Loans we recognize this important sentiment of Non Residential Indians (NRIs) and Persons of Indian Origin (PIOs). We believe that our duty extends beyond providing options for home loans for NRIs/PIOs. Partnering you at every step of the way to ensure a happy and hassle-free experience of buying a home in India is imperative.
We do not just provide NRI home loans. We assist you in all aspects such as selecting a suitable property, checking approvals of the selected project, registration of the property, filing documents, choosing the apt home loan EMI for NRIs and tenure of your loan to help your financial planning and much more. We ensure a speedy process in your loan application so that your dreams do not have to wait any longer. Your needs and feedback are the pillars which support our philosophy of making all our customers a priority.
We have an office in Dubai which brings our services closer to you. In India, a robust reach of over 220 easily accessible branches enable us to service you better across regions.
Indiabulls Home Loans offers the best features and most competitive pricing to the widest range of borrowers seeking to buy their dream home. While every home loan is a very personalized need of borrowers and Indiabulls Home Loans makes the best effort to understand the requirement and provide them with the most customized home loans. Some of our salient features are presented below:
We offer upto 85% of the cost of the property (including the cost of the land), if your loan requirement is upto Rs. 30 lacs . For loans above Rs. 30 lacs and upto Rs. 75 Lacs , it is upto 80% and for loans above Rs 75 Lacs, it can be maximum 75% of the cost of the property . This is subject to the repayment capacity of the customer.·
30 years subject to your retirement age.
Applicant and Co- Applicant to the loan
Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co-owners.
Adjustable Interest Rate Home Loan
Loan under Adjustable Interest Rate is linked to benchmark rates of IHFL. The rate on your loan may be revised from the following month, if there is a change in the benchmark rate of IHFL. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the
interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
Purchase of Flat, row house, bungalow from developers, existing freehold properties, properties in an existing co-operative housing society or apartment owner's association
Construction of residential dwelling unit on a plot already owned.
Purchase of residential plot and / or construction thereon
Extension of existing residential property (adding floors, new rooms)
Renovation of existing residential property
* Conditions Apply·
NRI Documents Checklist:
Duly filled and signed by all applicants
One coloured passport-size photograph of all applicants (signed across)
Processing fee cheque
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Identity proof (PAN Card along with Passport and Visa / Work Permit)
Residence proof (Utility bills like telephone, electricity or water bill / Registered Rent Agreement)
- For Salaried Individuals
Salary slips (last 3 months) with 6 months’ salary bank statements
Form P60/P45 and latest Employment Contract
Consumer Credit Check report
- For Self-employed professionals (Including IT Contractors and Locum Doctors)
Latest 2 years’ ITRs + Computation + Financials
(Balance Sheet with Profit & Loss account) + Audit Reports (all firms)
Bank statement for last 6 months (all active bank accounts)
Consumer Credit Check report
Other Related Documents (As Applicable)
Sanction letter / Account statement of running loans and bank statement reflecting loan repayments
Bank statement from where payment has been made to the builder (Own Contribution)
In case the property is already decided, photocopy of property title documents
All documents to be customer self-attested
In case of variable salary, 6 months’ salary slips will be required