Get a construction loan through foreign collateral?!

  • Erstellt am 2016-02-28 19:32:37

Savila

2016-02-28 19:32:37
  • #1
Hello everyone,

we would like to build a house in NRW in the not too distant future. We have heard that there are banks that accept foreign assets as collateral. Does anyone have experience with this?
We own a plot of land in India that was valued at just under €40,000 this year. Additionally, we have saved about €10,000. That is not very much, of course. The question is only whether the assets in India are of any interest to German banks at all and whether they would count them as "equity"...
Has anyone ever heard anything about this?

We appreciate any kind of response.
Thank you very much!
 

nordanney

2016-02-28 20:10:32
  • #2
Clear answer: I am not aware of any bank that would be interested in a property in India. For that, the bank would need to have experience in Indian real estate law and the corresponding valuation. Last point, how do you realize the value of the property if you can no longer pay?
 

toxicmolotof

2016-02-28 20:41:26
  • #3
The only bank I could even imagine would be Deutsche Bank. But with these amounts, they won't really be interested (den Aufwand nicht wert sein).

Alternative: can you mortgage the property in India?
 

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