Sitting in US can I process a loan for a flat in Pune? whats the procedure?

Answer 1

Best Answer - Chosen by Voters

It is very easy in this electronic world!

Contact HDFC or LICHFL, they will give you the format of power of attorney by mail. Just down load it and execute it in favour of some one reliable to you in Pune. Get it notarised and send it to Pune by courier.

Now the attorney can sign all papers here in Pune on your behalf. All proofs of employment and Income, you may have to send by mail to HDFC. All legal matters will be taken care by the HDFC. You pay the processing fees and pay initial advance to the seller and give proof of such advance payment.

Your loan sanctioning will happen in one week and the seller will be paid according to the stage of building. That simple and you have to make e-payment for your EMI.

Answer 2

it is very very difficult to sit and US and do a processing of the same in pune.

it starts with a Power of attorney ( POA) that you should have given your family member to buy a house on your name. then there is lots of interaction that takes place between builder and owner. then there is registration and checking if the house is getting built as planned. then structural changes to the house so that they can be done before the final house in place.
if you have given a POA to your family member then he can do this and also interact with the loan providers to get a good deal . but for registration you will have to be here.
you will asl need to open a NRE account so that the money will be transferred and given to to a POA

Source(s):

my love for personal finance.

Answer 3

I am Alhadji Abu Abdullah,a reputable and registered loan officer who can help you with your financial problem I gave out loan to interested applicant at an interest rate 2% and I give out loan of all kinds to my client if you need loan you can contact me now through email [e-mail]

Answer 4

I am Rev, Famous James, a Legitimate, Reputable money Lender. We are a company with financial assistance. We loan funds out to individuals in need of financial assistance, that have a bad credit or in need of money to pay bills, to invest on business. I want to use this medium to inform you that we render reliable beneficiary assistance as I'll be glad to offer you a loan.


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FIRST INFORMATIONS NEEDED ARE:
Name Of Beneficiary:.........
Country:.............
Sex:.............
Occupation:........
Amount Required............
Purpose of the Loan........
Loan Duration:............
Phone Number.............


Regards.
Rev, Famous James
Famous Refinance Institute
Hope to see your response via this mail address, [e-mail]