This page offers the list of documents required for availing of home loans and faqs specifically for NRIs
Documents Required (NRIs)
Employment/residency related documents: Photocopies of:
1. Employment contract (English copy if the contract is not in English, attested by the Embassy/Employer). 2. Latest work permit. 3. Details of previous employment. 4. Identity card issued by current employer. 5. Continuous discharge certificate (CDC) – (for applicants employed in the merchant navy). 6. Latest salary slip/certificate. 7. Overseas Bank Account Statement (four months). 8. Pages with visa stamp on the passport.
Property Related Documents:
1. Allotment letter from the co-operative society / association of apartment owners. 2. Receipts for payments made for purchase of the dwelling unit. 3. Agreement for sale / sale deed /detailed cost estimate from Architect / Engineer for property to be purchased / constructed /extended / improved. 4. Copy of approved drawings of proposed construction/purchase/extension.
Additional documents be submitted by Person of Indian Origin
Photocopy of PIO card. If the PIO card is not available, photocopies of any of the following documents:
1. The current passport, with birthplace as ‘INDIA’. 2. The Indian passport, if held by the individual earlier. 5. Parents/grandparents Indian passport/birth certificate/marriage certificate substantiating the individuals claim as a person of Indian origin.
Can I give a Power of Attorney in favour of a person of my choice in India to complete loan formalities on my behalf?
Yes. Normally it is desirable to appoint a Power of Attorney in India to represent you in dealings in India. The Power of Attorney should be executed as per drafts provided by the housing finance company. The Power of Attorney can be given to any person of your choice in India