Any person, including Non-Resident Indians, with a steady source of income can borrow funds for financing the cost of a flat from housing finance companies and banks.
Yes. Repayment of loan should be made within a period not exceeding 20 years out of inward remittances or out of funds held in the borrower’s NRE/FCNR/NRO accounts.
Loans are generally disbursed up to a maximum of 85% of the cost of the flat. The balance 15% cost of the flat is to be funded by the flat purchaser from his own contribution.
All projects at Terraform Realty are pre approved for grant of home loans by leading housing finance companies and banks. The Terraform Realty team liaises with the all leading Housing Finance Institutions for processing the loan, documentation and disbursement of loans.