What is the mode of payment for NRI home loans?

16 Jun 2020

What is the mode of payment for NRI home loans?

The housing loan needs to be paid upfront for the entire tenure of the loan, by way of direct remittances from abroad through normal banking channels, or from other financial accounts as may be permitted by RBI.

Generally, payments are done through NRO, NRE, NRNR and FCNR accounts. These allowed accounts may change as per RBI regulations.

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