Following are the procedure steps:

1. Eligibility Check:

NRIs need to meet specific eligibility criteria set by Indian banks or financial institutions. These criteria usually include factors such as age, income, employment status, and credit history.

2. Documentation:

NRIs are typically required to provide the following documents:

• Passport and visa copies
• Overseas and local address proof
• Employment contract or job offer letter
• Salary slips or income proof
• Overseas and local bank account statements
• Power of Attorney (if availing loan through a representative in India)
• Property-related documents (agreement to sell, allotment letter, etc.)

3. Application:

The NRI submits a loan application along with the required documents to the chosen bank or financial institution. Some banks also offer the option to apply online.

4. Property Assessment:

The lending institution conducts a valuation and legal check of the property proposed for purchase.