Yes. Such housing loans availed in rupees can also be repaid by the close relatives in India of the borrower.
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Can authorised dealers grant housing loan to NRI’s where he is a principal borrower with his resident close relative as a co-applicant / guarantor or where the land is owned jointly by such NRI borrower with his resident close relative?Yes. Such housing loans availed in rupees can also be repaid by the close relatives in India of the borrower. |
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