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Thread: Can authorised dealer grant loans to NRIs for acquisition of a flat?

  1. #1
    Since I cannot search for saleable flats on my visit to India, definitely I will be taking the help of authorised dealer. But the problem is that - can the dealer grant loans to me since I am an NRI. What is your view on this?



  2. #2
    Dear write off,

    Authorised dealers have been granted permission to grant loans to non-resident Indian nationals for acquisition of house / flat for self- occupation on their return to India subject to certain conditions.

  3. #3
    Senior Member
    Join Date
    Oct 2011
    Posts
    82
    Donít trust any dealers!!
    There are nationalized banks in India which offer loans for NRIís at decent interest rate. So I would recommend you to logon to the official website of Indian Nationalized banks and do query over there....



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