BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the repayment period for the Home loan for a NRI?
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30 Years
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40 Years
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60 Years
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65 Years
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Explanation:
Detailed explanation-1: -Loans available for both salaried and self-employed individuals. Flexible repayment option of up to 30 years.
Detailed explanation-2: -The answer is yes, you can obtain a loan for a home that is 30 years old. But it must be in good shape, in a suitable location, and you have a strong credit record. Houses are financed depending on the worth of the home, not only its age.
Detailed explanation-3: -A home loan is usually repaid over a period of 10 to 30 years in EMIs (Equated Monthly Instalments) as per the amortisation schedule decided by the lender.
There is 1 question to complete.