Please advise: for an NRI working in US applying for home loan in India, Bank is asking for employer letter, latest salary revision letter from employer and employer ID card etc.. but if NRI is an independent consultant, how do we produce these docs, where there is not an employer but only clients. Please help advise on this subject, can applicant self adress these letter/ docs etc...thanks
The documents asked are the standard documents requested for approving home loan.
Inform the Bank of your status as NRI. It would help if you show your NRE/NRO accounts and funds in them. Quite a few Banks go all the way to give a loan to NRI as they consider that repayments is less risky than someone in Indian salary.
Also showing them the US Bank Account statement for a period of year or so will also help you get the loan.