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NRI Home Loan @ 6.85% Onwards

• Low processing fee
• Loan repayment upto 30 years
• Takeover & balance transfer available
Enquiry Form
NRI Home Loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Indiabulls
8.80%
upto Rs. 10,000
240
NIL
Canara Bank
8.35%
0.10%
240
NIL
DHFL
10.00%
Upto Rs. 5,000
240
NIL
Kotak Mahindra Bank
8.90%
upto 1.25
240
NIL
ICICI Bank Ltd.
8.95%
0.5%
240
NIL
HDFC Bank Ltd
8.00%
Upto 1.25%
240
NIL
Axis Bank Ltd.
8.80%
Upto 1%
240
NIL
Bank of Baroda
6.85% - 6.95%
1%
240
NIL
State Bank of India
6.95% - 8.25%
Rs.21,491
360
NIL
Bank Name Min Interest Rate
Indiabulls

8.80%

Canara Bank

8.35%

DHFL

10.00%

Kotak Mahindra Bank

8.90%

ICICI Bank Ltd.

8.95%

HDFC Bank Ltd

8.00%

Axis Bank Ltd.

8.80%

Bank of Baroda

6.85% - 6.95%

State Bank of India

6.95% - 8.25%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by NRI home loan Eligibility Criteria?

Invest on your dream today to get fruitful result in future, it doesn’t matter being an indian who must live in India to get home loan, by being a NRI also you can easily purchase property in India. Then what are you waiting for check your eligibility criteria for applying NRI home loan.

NRI home loan Eligibility Criteria

Usually, NRI home loan Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant & residency..etc.

Eligibility Criteria for Salaried Individual

  • • Age Limit of Individuals – 18 to 60 years of age
  • • Minimum 2 years of work experience & must have 1 years of work experience with current organization
  • • Nationality - Resident of Indian
  • • Minimum salaried required 20,000 p/m

Eligibility Criteria for Self-Employed Individual

  • • Age Limit of Individuals – 18 to 70 years of age
  • • Minimum 3 years of existing business
  • • Minimum turnover of business should be 4,50,000 per annum

Note: - You can avail maximum loan amount as 75% - 90% property value.

What are the factors generally affecting NRI home loan Eligibility Criteria?

There are Top factors that generally affects NRI home loan Eligibility Criteria as given below: -

Debt to Income Ratio: -Generally lenders check your monthly income & existing loan EMI to calculate whether you afford to pay another loan EMI without any default in making regular payment. If the ratio indicates as positive, then so your loan application gets approved.

Stable Income: - Whether you are earning high income, but lender want to know for which company you are working for & they cross check with listed companies to ensure that the company has enough capacity to provide you monthly salary without any issue.

What are the ways to increase NRI home loan eligibility?

To increase NRI home loan eligibility, you need to consider Top 3 points as given below, this will aid you in increasing your eligibility level.

You can add Co-applicant: - This is one of the best ways to increase NRI home loan eligibility just adding your earning member of family give extra boost to eligibility level which aid you to get loan without any hassle.

Open account with preferred lender: - When you are planning to buy new home by getting a NRI Home loan then starts comparing from earlier days to know which bank or NBFC offer best deal. So, once you fix it then prefer to open a account by 1 year earlier of applying for loan this will help you build trust for lender.

Opt for Longer Tenure period: - Generally, longer tenure refers to low risk of default payment on EMI as the Emi amount will be much more affordable to pay & therefore it won’t become burden on you. Hence, choose for longer tenure period while applying for NRI Home loan to increase your eligibility.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PHOTOGRAPH BOTH
  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  3. PHOTOGRAPH BOTH
  4. PAN CARD CLEAR COPY PROPRIETOR
  5. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  6. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  7. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  8. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  9. LAST 1 YEAR GST RETURN COPY
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR
  3. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  4. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  1. PARTNERSHIP DEED COPY
  2. GST CERTIFICATE
  3. GST RETURN LAST 1 YEARS
  4. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  5. PROVISIONAL FINANCIAL AY 2019-20
  6. 3 YEAR ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  7. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  8. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  9. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  10. AGREEMENT TO SELL COPY
  11. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
Frequently Asked Questions

What are the document required for nri home loan?

Several documents are required for nri home loan as given below:- 

  • Property document 
  • For resale homes 
  • For purchase of new home 
  • Address proof (any one) 
  • Voter id card 
  • Aadhar card  
  • Valid passport  
  • Identity proof (any one) 
  • Valid passport 
  • Aadhar card 
  • Voter card  
  • Other document  
  • Copy of the valid resident visa

What is the benefit of nri home loan?

Generally, this facility allows you to get approval at short period & under the section 80c nri home loan holder get the tax benefits additionally.

Do I am eligible for nri home loan?

Applicant age should be in-between 24 – 65 years & minimal work experiences should be 2 years as 6 months with current organization.

What is the interest rate of nri home loan?

For nri home loan lowest interest rate starting 6.85% onwards.

Can I buy property in india as a NRI?

Yes, you can able to buy property indie, even there are several banks offering finance to purchase property for NRI home buyers.

What is the maximum tenure period to repay loan amount?

For NRI Home loan you get the repayment period upto 30 years to repay the principal amount.

Can banks provide finance for NRI home loan?

Yes, there are various banks & NBFC’s providing finance to home buyers at the lowest interest rate with other exclusive benefits.

Can NRI apply for home loan in India?

Yes, NRI are eligible to apply for home loan in India.

How much loan can I get through nri home loan?

You can get 75% to 90% of property value a loan amount ( e.g ) if you are property value is 50 lakh then you can expect around 25 lakh to 40 lakh.

How can an NRI get home loan in India?

NRI Home loans allows NRI’s( Non-Resident Indians to get closer buy their dream home through finance.

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