How can NRI/PIO avail housing loans? : RealLex My Portal

How can NRI/PIO avail housing loans? Print

Created by: Reallex Admin

Modified on: Mon, 12 May, 2014 at 5:33 PM

NRI/PIO can avail loans subject to a ceiling of Rs. 100 lakhs against NRE and FCNR (B) deposits under Foreign Exchange Management (Deposit) Regulations, 2000
Can avail loans from financial institutions in Indian Rupees for the purpose of repairs/renovation/improvement of residential accommodation owned by them in India under Foreign Exchange Management (Borrowing and lending in rupees) Regulations, 2000
Housing loan in Rupees can be availed from their employer in India subject to conditions under Regulation 8A of the RBI Notification No. FEMA 4/2000-RB dated May 3, 2000

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