Glisters International 
offers you the world’s most complete home loans .ie aproved from authorised banks . The home to be acquired/constructed can be in the name of an NRI or a resident Indian. Alternatively, it can also be in the joint names of an NRI and a resident Indian.
You can get your loan approved even before you have selected your property, based on your income. This approval will help you decide your budget and plan your finance better. However, final disbursal will depend upon the property selected.
Amount and Tenure.
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The minimum loan amount we offer is 2.10 lacs and the maximum upto a Crore.We give maximum 85% of the agreement value depending on your repayment capacity i.e., your income and your age.
The maximum loan period that we offer you is upto 7 years.

Rate of Interest.
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We offer you the most competitive rate of interest. The customer has the flexibility to choose among any of the rates below which he finds suitable for himself. 13.75% Variable rate of interest. 14.00%  Fixed rate of interest.
These rates of interest are applicable for any amount from 
Rs. 2.10 lacs upto a crore.

Save on Interest.
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Not only are our interest rates very competitive, but also the interest itself is calculated on Daily reducing balance. This results in significantly lower Equated Monthly Installments (EMIs) compared to interest calculated on Annual reducing balance.

Processing Charge.
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We charge you a minimum fee to process the loan, which also includes the solicitor’s charges and   valuer’s charges:
0.5% of the loan amount applied for at the time of application.
And 1.5% of the loan amount at the time of disbursal.

No pre- payment penalty.

There is no penalty incase you decide to prepay your loan in part or in full.

No commitment charge.
Should there be a delay on your part in utilizing your loan, you wont be charged for it.

Security:
The facility will be primarily secured by a first mortgage on the home being purchased or constructed. It is in your interest to ensure that the title of the home is clear, marketable and free from encumbrances.
Eligibility criteria:
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Ø An Indian passport holder.
Ø At least 21 years of age.
Ø Employed for the last 3 years.
Ø Residing anywhere in the world. However, you should provide a Power of Attorney, as per bank’s format, to an immediate relative who is located where the loan account is to be opened.

EMI details.
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Your repayment capacity is assessed by considering your age, income, assets, liabilities and employment.  Your co-applicant’s income can also be considered towards repayment of loan.
Repayment of your loan will be in Equated Monthly Installments (EMIs), comprising principal and the interest. The EMIs will commence in the month following full disbursement. The EMIs are payable every month and the date of payment depends on the date of final disbursement. Post-dated cheques towards the EMIs will be collected at the time of disbursement from your NRE or NRO account held in India.

Sanction and Disbursal.

It takes 7 working days to sanction the loan.
Your loan will be disbursed within 2 days after you have submitted all the necessary property related documents as prescribed by the bank.
The loan amount will be disbursed directly to the seller of your home.

Documentation required for housing loans.

For salaried applicants:
Ø Latest salary slip/salary certificate, showing all deductions.
Ø Employment details for the last three years.
Ø Employment contract (If the contract is in a language other than
English, an English translation of the same, attested by the Embassy/Employer,should be given)
Ø Latest work permit.
Ø Copy of  Identity card issued by your current employers
Ø Continuous Discharge Certificate, if you are employed on a ship.
      Common to all applicants:
 Copy of visa stamped on your passport.
 Copy of  first six pages of your passport.
 Proof of your foreign address or a copy of your driver’s license.
 Valid General Power of Attorney. (Which the bank will provide)
Name and address of a local contact whom we can correspond 
with regarding your loan application.
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click here for loan application: