Housing-Loan-Bangalore is one of the top housing loan assistance providers in Bangalore having over 10 years’ experience in providing any kind of home loans and Personal loan being having tie-ups with all leading home loan providers in Bangalore including government Banks, private banks, and top financial institutions. Our team includes qualified professionals who can guide in to cater unique needs of getting a home loan and Personal loan in Bangalore in which maximum of the properties is classified as A Khata, B Khata, and Panchayat Khata with or without DC Conversion. In case you are searching out A Khata home loans, B Khata Home loan, E Khata Home Loan, NRI Home Loan and Panchayat Khata Home loan and Personal loan in Bangalore with expert help provided for Low CIBIL score instances, we will be there to assist you in every possible way.

At Housing Loan Bangalore, we assure you a very professional business and ensure that both the banker and borrower get a satisfactory experience. Our priority is to connect you with the best deals and assure you that you are in good hands.

NRI home loan?

Housing-loan Bangalore offering service when it comes to assisting our customers who are willing to get home loans in the Bangalore city, particularly we concentrate highly on NRI people who often struggles to get NRI home loans from the Indian financial bodies as they not being aware of terms and rules. We are the real experts on assisting the NRI people to get their home loans from the selective bank according to the customer’s wish.

NRI home loan allows Non-Resident Indians to buy property in India with the equated monthly instalments, tenures and competitive interest rates.

The documents you may need include:

NRI Home Loan Documents Required:

Applicant :

  • Filled and signed application form (Enclosed).
  • One passport size photo (to be paste on application need cross signatures on photograph).
  • Local residence address proof of present city (self-attested) – Notarized by local notary / Indian Embassy office.
  • Pan card copy (self-attested) Notarized by local notary / Indian Embassy office.
  • Self-attested Passport & Aadhar copy (Visa Page) – Notarized by local notary / Indian Embassy office.
  • GPA (Bank format) – Notarized by local notary / Indian Embassy office
  • Latest 6 month salary slips – (Self Attested).
  • One year bank statement – salary account & NRE/NRO account (self-attested).
  • Current company appointment letter and CTC letter (self-attested).
  • HR email id and company phone no
  • Credit report with score from concerned authority, if any (Trans Union or Equifax) https://www.equifax.com

 Loan details with loan track or EMI reflecting bank statement.

  •  Translation required in English (If documents are in other than English language )
  • Signed 10 cheques from NRE/NRO accounts required
  •  PIO/OCI card (If applicable).
  • Work permit  

Co-applicant:

  • One passport size photo -(To be paste on application need cross signatures on photograph).
  • Local residence address proof
  • Pan card copy( self-attested)
  • Aadhar card copy ( self-attested)

Local GPA :

  • One passport size photo.
  • Local residence address proof.
  • Pan card and Adar card copy( self-attested).
  • Relationship proof.
  • Adjudication by local sub-Registrar office

Attached Docs :

  • POA/GPA
  • HL Application
  • NACH/ECS form – 5 Copies required (3 signatures in each form).

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      What is GPA?

      GPA stands for general power of attorney. General power of Attorney is a legal instrument that is used by a person (granter) to confer authority on other person (grantee) to act on his behalf. The action performed by GPA holder is deemed to be performed by granter itself. But, one fact with GPA is that it doesn’t give any ownership of the property to the grantee.

      If you want to make a Power of Attorney, you need to first understand whether the power to be given to the Attorney is for general purpose or for any one particular of specific purpose. If you wish to give all the rights for all your properties or all the rights for one property or all rights of banking. you should create general power of attorney or commonly termed as GPA.

      For a individual residing in GPA property it is an uphill task to get a Loan against Property from a bank. Banks don’t entertain applications for Loan against Property for GPA property. One of the main reason for this is GPA doesn’t create any ownership of property for GPA holder. It has been observed that individuals with good income also  faces a problem in getting a Loan against Property for his GPA property.

      How to Register GPA existing in India?

      Registration of GPA in India is done in Sub-Registrar office. GPA in India has to be prepared on stamp paper of appropriate value. The Principal and the GPA Holder have to visit the sub-registrar office with the GPA for registration. The executed GPA has to be presented to the Sub-registrar along with original documents with copies showing proof of ownership, proof of residence and proof of identity. Two passport size photographs and two witnesses who should also have proper identification are also required for registration of GPA.

      How to Register GPA existing outside India?

      Registration of GPA existing outside India is also done in Sub-Registrar office. GPA existing outside India can be prepared on plain paper and executed before and authenticated by the Indian Consulate / Embassy or Notary Public. The GPA is then sent to India to the GPA Holder. The GPA Holder has to visit the sub-registrar office with the GPA for registration. The executed GPA has to be presented to the Sub-registrar along with original documents along with copies showing proof of residence and proof of identity of the GPA Holder. Two passport size photographs and two witnesses who should also have proper identification are also required for registration of GPA.

      What is NRE and NRO account?

      An NRI (Non-Resident Indian) with earnings both abroad and in India faces difficulties in managing their finances. They also find it challenging to track bank accounts in a different country, and even when trying to repatriate money to their home account. NRE & NRO accounts help with this.

      The NRE account is an Indian rupee-denominated account. These accounts can be in the form of savings, current, recurring, or fixed deposits. The foreign currency that deposit into the account is converted to Indian currency. You can transfer your funds ( Principal & Interest amount) to a foreign account from an NRE account without any restrictions. The important note that the amount you deposit into these accounts must be earned outside India. The international debit card enables you to transact and withdraw money 24*7.

      An NRO account is a savings or current account held by NRIs in India to manage their income earned in India. Account-holders can deposit and manage their rupee funds without any hassle. The account allows receiving funds in Indian or Foreign currency. Even you can apply for an NRO account jointly with a resident Indian or even an NRI. It is even possible to transfer money from your current NRE account.

      What does the Person of Indian(PIO)mean?

      Person of Indian Origin (PIO) refers to a foreign citizen who held an Indian Passport at whose parents/grandparents/great grandparents were citizens of India.

      Person of Indian Origin (PIO) means a citizen of any country other than Bangladesh or Pakistan who had at any time held Indian passport or either of his parents or any of his grandparents were a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955.

      Benefits of PIO

      • PIO card holders do not need a visa if they wish to visit India for up to 15 years from the issuance of a PIO Card.
      • They can stay for up to 180 days In India without registration to FRRO (Foreigner Regional Registration Office).
      • They can study or work for private institutions in India without a special visa
      • They have the same financial and economic benefits as NRIs.

      What does the Overseas Citizen of India (OCI) means?

      OCI is an immigration status that allows foreign citizens of Indian origin to live, study or work in India. OCI cardholders can visit India at any time and stay for any time.

      Eligibility for OCI:
      An OCI Card is issued to foreign citizens who hold a passport of another country except for Pakistan and Bangladesh. A citizen whose parents were born or were citizens of Pakistan and Bangladesh are not eligible for OCI.

      Benefits of OCI:

      • An OCI Card Holder can visit India anytime during their lifetime.
      • They can stay in India for any duration without registration to FRRO (Foreigner Regional Registration Office) or local authorities.
      • They can study or work for private institutions in India without special permissions
      • They have the same financial and economic benefits as NRIs.

      PIO or OCI Cardholders cannot purchase agricultural land, work for Indian government offices and have no voting rights.