Professional Documents
Culture Documents
ANNEXURE
FINANCE LTD. AreaOffice .
1. Name
2. Qualification .
I Phorle No.
5. Date when the applicant left India for the
foreign Country / Propose to leave country
21. Investment made in India in his or spouse name: Details Amount Rs.
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I am a Non Resident Indian presently working at I have given my passport details and other identification
details above., I declare that the information given above are correct. I am aware and agreeable to abide by the
following terms and conditions as stipulated by the Reserve Bank of India, If I am provided a housing loan for purchase/
acquisition of a flat / house in India for residential purposes
(1) The loans will be granted to Indian nationals (Indian passport holders,) resident abroad.
(2) Loans will be granted for acquisition of only flat or a house for self occupation by non-resident on return to India and
not for any other purpose. Letting out the flat/house by the non resident during his stay abroad will require Reserve
Bank's prior permission.
(3) The amount of loan to an Individual non-resident will not exceed Rs. 20 lakhs. At least 25% (50% if the loan exceeds
Rs. 15 lakhs) of the total cost of the flat/house should be received in advance from the non-resident Indian either by
remittance from abroad through normal banking channels or from out of his non-resident (Ext) / FCNR account in
India.
(4) Repayment of loan should be made by the non-resident borrower in instalments comprising principal and interest
including all charges leviable by you, either by remittances from abroad through, normal banking channels or from
out of his NRE/ FCNR accounts in India. Repayment should also be made within a period not exceeding 15 years.
(5) Further I agree to pay premia on policy against the security of which loan is granted to LlC of India by remittance from
abroad or from funds held in India in NRE/FCNR accounts in my name.The policy would be assigned and the
property to be acquired would be mortgaged to the LlC Housing Finance Ltd.,
Place: