PDF (187.30 KB)FAQs
Yes, you can. As an NRI, you can include a co-applicant (usually a family member) when applying for a Home Loan. It helps to increase your eligibility chances for a higher loan amount.
No, we do not charge prepayment penalties. You can make partial or full prepayments without incurring any additional charges.
We sanction your NRI Home Loan amount by evaluating your repayment capacity, your down payment amount, the location of the property, your income, your age, existing debt obligations, among other factors.
Yes, you can. SBM Bank India allows you to obtain a Home Loan for under-construction properties as well as fully constructed properties, subject to the evaluation criteria and approval process.
You can call us at our toll-free helpline number, 1800 2099 335 or 1800 1033 817 or write to us by visiting our website and filling out the inquiry form.
Yes, it is. A valid visa is required to establish your NRI status.
Yes, you are. You can enjoy various tax benefits on the principal and interest component of your NRI Home Loan, as outlined under various sections per the Income Tax Act, 1961. Since the tax benefits tend to vary every year, it is best you speak to a tax expert.
Yes, it is.
