finance house
finance house
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What is the best way to finance a house in India by a NRI?
I am an NRI (U.S.) and I am thinking of buying a house in India. I see the current interest rates for loans in India are around 12% and I think are much more than the loans here in the U.S.. I have a house here in the U.S.. Can I take a loan here in the U.S. and pay for my house in India? If possible, what would be the best way possible? Secondly, can I claim tax benefits for the money you would have to pay the principal, the interest of the house in India during his stay in the U.S.?
It can not because U.S. banks not licensed to do business in India. Let's see if I explain a little. As assigned by international banks, which are also in the U.S. are going to go for interest rates in India, and the loan of a subsidiary bank in India. Also the banks in the U.S. can not foreclose on the property in another country. Do not miss understand me I know there are banks in Los Angeles that you can walk and get a loan for a home in another country if doing business in that country and in the rate of that country, allow them to charge. And taxes are not able to claim because the property is not in the U.S., and not paid to a U.S. bank. I have clients with properties in Mexico and have a license to international real estate.
