You can get home loan to buy flat from a family member
Financial Express Kochi|December 28, 2024
I am an NRI working in Canada. I plan to take a home loan of ₹50 lakh to buy a property in Nasik. The total cost is around ₹1 crore. How should I approach a bank in India for the loan?
■ CHAITALI DUTTA

from large banks like SBI, HDFC, and ICICI Bank. You will need to submit identity papers including passport, work visa details, income details, overseas address proof, salary bank account statement, income tax files history of last three years in India and Canada. The home loan sanction may also be done without visiting India.

My brother is selling the flat for which he had taken a home loan. Outstanding amount is ₹21 lakh. He is selling the flat to me for ₹30 lakh. Can I get a home loan to pay him the money?

-R S Sridhar

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