Home Loan NRI Excess approved?

Question

I have applied for homeloan and it has got approved my bank is financing 85% of the value of the flat and stamp duty and registration, and the builder is asking intiall 20% and I have to pay stamp duty before getting the loan.
Now the sceen is that after I pay all this will the bank still reimburse the diffrence of 5% (Bank approved 85% but I paid builder 20% instead of 15% balance)
I am NRI if bank gives me the diffrences can I deposit it in my NRE account or can I deposit this in my NRO account and pay my EMI from there,
Does bank insist that payment has to come from NRE/NRO account only? for NRI

Answer 1

Best Answer - Chosen by Voters

you have to consult with your bank, Coz no one can tell about that.

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