Hello all,
just want to know, if its necessary to have NRE account to have home loan in India. according to information from some private banks , I got to know that NRE accout is must. I live in Malaysia for job and wish to purchase home in India.
I send money to my saving account through legal channels forex. can we show that as a proof of transaction from outside India ?
I have all the documents from the forex company which sends my money to India.
please guide me in this regards. Your suggestions/inputs are highly appreciated.
Thank you.
with regards,
prasad