Discussion Forum : Nabard & Other Bank Examinations
Question -
What is the repayment period for the Home loan for a NRI?
Answer: Option A
REPAYMENT OF THE LOAN IS REQUIRED TO BE MADE BY THE BORROWER WITHIN A MAXIMUM PERIOD OF 30 YEARS SUBJECT TO THE STIPULATION THAT THE LOAN SHOULD BE LIQUIDATED BY THE AGE OF 60 YEARS OR BY THE AGE OF RETIREMENT, WHICHEVER OCCURS EARLIER.
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REPAYMENT OF THE LOAN IS REQUIRED TO BE MADE BY THE BORROWER WITHIN A MAXIMUM PERIOD OF 30 YEARS SUBJECT TO THE STIPULATION THAT THE LOAN SHOULD BE LIQUIDATED BY THE AGE OF 60 YEARS OR BY THE AGE OF RETIREMENT, WHICHEVER OCCURS EARLIER.
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