Really nice video!! You are more practical than other channels regarding comparing things to India, really helpful!! I would appreciate if you do similar regarding futuristic things what Indians can plan when setting back!! What kind of plans would be more practical!!
You didn't considered option of part payment of home loan in India. Generally, If you are an NRI then you have the possibility to pay Home Loan early in India using part payment with in 10 years. Apart from that you are bound to stay outside India rather then enjoy the property which you bought. In India, you can also opt for fixed interest rates. Also you can get benefits in Taxation when you move back.
Can you explain more about this process? How and where to apply? Minimum requirements? Minimum loan amount that can be availed? How to choose the lowest/ cheap interest rates? Which are trustable sources?
When I buy an apartment in India, by me being in Germany, how can I buy that apartment in my name itself? Should I have to go to India for Stamp Duty and Registration process? Or can I complete that from Germany itself?
Euro to INR conversion also has to be considered for long term(8years). For Ex. 1€=80INR(Today) & after 5Years 1€=90INR (if expected rate) then 12% we will pay extra every month (from 5years) in Germany (Euro)🙄.
idea is still valid. In calculation i have used 4% which is minimum at this time in germany and around 8.5% in India. you can book an apppointment if you look for one
Many thanks for your effort Arun.. How much from this loan amount can be sent (max) in one shot to India. Is it legal to get loan amount (such huge amounts) here n then send to India.
I have a doubt regarding all the documents that has to be translated from German to English for the purpose to apply home loan in India. Where can we get the documents translated?
Insurance is a personal choice.there is no compulsion to take it. Life insurance and job loss can be taken even outside the loan for security in general
@@iliveingermany 10 year from now 1 eur become 120inr, ie we need less eur to convert to inr to pay Indian loan. What do you think, is it a valid point?
@@JithinJose2 if it happens then yes, but if you see the past history of euro to inr, then its max at 90 , to increase by more than 25% in value for euro is not realistic
To my understanding it should be possible to take 2 loans. Your current liabilities / installments from first loan will be factored in while calculating your second loan amount. You might not get the second loan for the amount you wish but maybe a little lesser. This will depend on your income minus liabilities / expenses and will be checked by the Banker during the first discussion. Also, please note there is a base capital requirement for home loan in Germany. Banks offer a loan of upto 75-80% approx of the property value and not 100%. Good luck!
