Query :- I am an NRI working at Doha, Qatar. I have a home loan of Rs.950000/- and my current emi is rs.10500 /- my bank is not able to provide me a top up of another 1000000/ rs which is urgently required for the renovation,repair,extension etc; my present salary is rs.50000/- and the market value of my said home is now valued @ 65 lacs. Kindly advice me with suitable options considering me as an nri.
Answer:- You should consider transferring your loan to an alternate bank. They would be able to take over your existing loan and also offer you the top-up that you need.