Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  What is the repayment period for the Home loan for a NRI?

a. 30 Years
b. 40 Years
c. 60 Years
d. 65 Years


ANSWER: See Answer
 
Repayment of the loan is required to be made by the borrower within a maximum period of 30 years subject to the stipulation that the loan should be liquidated by the age of 60 years or by the age of retirement, whichever occurs earlier.
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