Page 14 - அல்லாத குடியிருப்பாளர் இந்தியர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dubai: Non Resident Indians (NRIs) in the UAE account for a big a chunk of property demand in their home country. While some take out personal loans from the UAE to fund their property investment in India, others choose to take a home loan from an Indian bank instead. With the COVID-19 crisis hitting personal finances worldwide, NRIs are not immune either. This is an apt time for NRIs to consider cost savings by refinancing their mortgage taken from an Indian bank. What is refinancing? Refinancing means taking a new loan to pay off one or more outstanding loans and like Indian residents, NRIs too can opt for this. Refinancing a home loan will result in a lower interest rate, or one can switch from a fixed to a floating rate or vice versa. Refinancing can also be a viable option if an NRI wishes to top up the original amount borrowed. It is also useful to consolidate debt.

United arab emiratesStock reserve bankImage creditNon resident indiansPalava cityReserve bankMarginal costFunds based lending rateExternal benchmark based lending rateBenchmark prime lending rateWest bengalஒன்றுபட்டது அரபு அமீரகங்கள்ஸ்டாக் இருப்பு வங்கிபடம் கடன்அல்லாத குடியிருப்பாளர் இந்தியர்கள்பலாவா நகரம்