Have you fallen in love or just gotten an arranged marriage? If you are an NRI and are need of a marriage certificate, this article should come of use. Many Indians that were married in India will have a religious ceremony certificate given by a priest at the time of the wedding, but obtaining a legal certificate is much more complicated. If you moved outside of India, your new country will not recognize your marriage as legit, unless you have a legal marriage certificate.
Obtaining a certificate has been a tedious process in India. There are many different documents that you need to get together in order to apply. You have to have everything done exactly right so that they do not deny your application. Sometimes, even when you have everything done correctly, you will not receive your certificate because of the government office’s unorganized fashion.
Now, it is still a tedious process, but we have made it a little easier for NRIs. You will still need to send all of your documents, but we will follow up with the government for you. We will try and get your marriage certificate to you as soon as possible and you do not have to come to India in order to do so.
With all of this, there is still no guarantee that every application will be accepted and treated with care at the government office. Everything will be the same process from the time the application reaches the hands of the government. The only thing that makes this process different would be the headache of going to the government and giving your forms, waiting in long lines, will be ours and not yours.
Now, there is such a thing as an NRI loan. The only difference between a normal loan and an NRI loan is that an NRI loan is provided to NRIs living outside of India. NRIs can apply for business and house loans in India. Many NRIs now-a-days are working to purchase property in India so that they can have a piece of the growing real estate market. They take out home loans in order to purchase the property that they want and then wait and sell it for profits later. When you walk into a bank in India, there are officers there that specialize in helping only NRIs to get a loan. There are also real estate areas just for NRIs in places like Delhi and Mumbai.
Most of the banks will help you to buy businesses, apartment flats, resorts, and luxuary villas. If you are an NRI that is trying to apply for a loan in India, you must:
- Be at least 21YOA
- Be no older than 65YOA
- You must have lived outside of India for at least 1 year or if you own a business, you must have lived outside of India for at least 3 years.
The best way to go about it for NRIs now is to buy a property/flat and rent it out so that the payment for the rent can be put towards your repayment for your loan that you took out. In order to apply for a loan, you will need to small passports size photos and the initial application. Generally, the interest rates for NRIs are around 11% to 15% per year. There is generally a larger down payment that is needed for an NRI housing loan.
The amount of loan given to an NRI varies with each person. The bank will look at a person’s age and income to decide the amount that they are willing to give. They will give you up to ten years to pay back the loan in most cases.
The documents that you will later need to provide to the bank include: all housing documents and receipts for everything that you buy, copy of your employment records, and a proof of Identity.
Now that you know all about NRI loans, it is time to get started. There are some steps you have to take in order to be prepared so that the process goes more smoothly. The first step you will have to take would be to obtain your PAN card. Every NRI applying for a loan is required to state there Permanent Account Number (PAN). You can get one while staying abroad outside of India, you just need to visit a good broker. An example of one would be: http://www.pancardonline.com/apply.html
If you go through the broker mentioned above for PAN card, they can help you with the next steps too. The process is simplified through them.