Mirror Now
@mirrornow·2.2M subscribers·145K videos
Is power of attorney mandatory for a NRI home loan?- Property Hotline
Posted
July 22, 2016
Views
2,896
Likes
5
Engagement
0.17%
July 22, 2016
2,896
5
0.17%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
2:08
3:28Now PlayingBe Un Confused
Expert: Harsh Roongta, Chartered Accountant and a SEBI registered Investment Advisor.
Question: I'm an NRI working in Qatar. My family is based in Kerala and I want to buy a 2 BHK house in Mumbai through an NRI loan. Is appointing a power of attorney mandatory for an NRI home loan? I don't have any close relatives in Mumbai to appoint as Power of Attorney and my permanent address is in Kerala. Will these factors have any adverse effect on my home loan process?
Answer: If you are going to be in India while applying & getting the loan sanctioned as well as during the property buying and disbursement process, you will not need to provide any Power of Attorney of any local person.
An absence of local contact address can affect your loan application but if the new property is a ready to move in property than that address itself can act as your local address.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
