Financial Assistance
Home Loan & Balance Transfer
Let us show you how we can be your real estate financing company and also your home loan finance company. Any Real Estate decision such as buying, building, or restoration involves a substantial financial investment and often creates a need for Financial Assistance services. In our endeavour to be your Bank for Real Estate which includes being your real estate finance and investing consultant. We at Indiassetz extend real estate finance and investment Assistance through our tie-ups with Banks to facilitate your investment decisions.
What it includes
Coordination with Banks
Advisory
India & US Tax Planning
As a part of our services, we also represent you as your real estate finance company and thus it is our responsibility to inform you that high property values make Tax consideration an important factor in Real Estate decisions. Additionally, as Tax varies based on various factors such as jurisdiction, property type, and property area, Tax Advisory from experts is important. We play the role of your financial assistance company
And manage all Tax needs from property Tax payments, and capital gains reinvestment, to Tax planning in large development projects.
What it includes
Tax Filing and Compliance (incl. FATCA)
Personal and Corporate Bookkeeping
Audit Representations (IRS and Income Tax Department)
Audit with IFRS Standards and GAAP
Expatriation Assistance (15 CA/CB)
Employee Relocation Services (Negotiation and Formulation of Contracts)
Gifts and Planning related to Real Estate
Corporate, Trust, and LLC set up in USA and India
Frequently Asked Questions (FAQs) for Interior Financial Assistance
What documents are required to avail a Home Loan?
The applicant and co-applicant are generally required to submit the following documents:
- Identity proof
- Residence proof
- Salary slips for the last 3 months
- Bank statements for the last 6 months
- Two passport-sized photographs
- Form 16
- Property documents
- Receipts for the initial down payment
This is an indicative list. Additional documents may be requested depending on the requirements of the specific bank or financial institution.
I have an outstanding loan on my property. Can I still sell my property?
Yes, a property with an outstanding loan can be sold, subject to the consent of the lender and the buyer. The property owner must inform the lender about the intention to sell. The lender will then issue a statement or letter confirming the outstanding loan amount, which will be used during the sale and ownership transfer process.
What happens if one is unable to pay a Home Loan?
If a borrower misses an EMI payment, late fees or penalties may be charged, and the borrower’s credit score may be affected. If loan payments are missed consecutively for three months, the account may be classified as a Non-Performing Asset (NPA). In such cases, the lender may initiate recovery proceedings, which may include taking possession of the property, auctioning it, liquidating collateral, or pursuing other legal actions.
Who can be a personal guarantor for a Home Loan?
A home loan guarantor is a person who agrees to take responsibility for the loan if the borrower defaults during the loan tenure. The guarantor should be known to the applicant but must not be a co-applicant or fall under any caution profile as defined by the lender.
Are NRIs liable for taxes on income in India?
Income earned by an NRI outside India is generally not taxable in India. However, an NRI may be required to file a tax return in India if income is generated in India through sources such as capital gains from shares, mutual funds, or property.
Do you help with Tax Planning for individuals and companies?
Yes, we assist with tax planning for both individuals and companies.
We Manage Your Real Estate
Totally and Completely
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