If you are looking to buy your property with a home loan then it is even better, as you could save on a lot of down payment from your personal account. Usually, you could get a loan of around 85 to 90% of the property value. Your personal documents required for your home loan pre-approval only. Disbursement will happen only when you buy the property.
Documents required by salaried (Non Resident Indian)
A) Loan application form duly filled and signed. Two photographs of both the applicant and the co-applicant with signature on front and back.
B) Copy of passport. (Along with latest visa stamp and date of entry stamp), Proof of residence in India. (Electricity / Telephone bill / Ration card / Society maintenance bill / LIC Policy / Mobile bill / Utility bill like Gas Supply bill), Proof of residence in Abroad (Electricity / Telephone Bill / Mobile Bill / Utility Bill e.g. Gas Supply bill / Driving License), Copy of Identity card / Social Security card / Work permit (Ikama) Copy of credit card. Last six months bank statements of all the NRE / NRO account in India.
C) Last six months bank statements of bank account held abroad where salary is credited Copy of Contract / Employment Certificate Copy of Annual Salary Certificate specifying the mode of payment (If payment is fully or partly received in cash) Salary Slips for the immediately past 06 months.
D) Copies of Sanction Letter of Loans availed in India and abroad Self Declaration of Residential Status Initial Processing fees cheque of Rs 5612/-, this is charged by the Bank, we can do away with this for the time being and once you want to have the application approved you please send this to us.
E) Please note that all the above documents need to be certified by the Indian Embassy abroad. Documents relating to income / salary needs to be attested as true by your employer.
F) All documents in foreign language need to be translated in English.
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