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* All details updated as on Jun 18, 2018
Provider
Loan Type
Interest Rate
Your EMI
(Monthly Payment)
Processing
Fees
Processing
Fees(%)
Details
Indiabulls
0 reviews
Floating
8.40%
Rs 48,944.33
Rs 0
0.00%
Zero fees for NriDealExpert.com users
 
Tenure of NRI Home loans:
- Upto 20 years
- No minimum tenure
 
Maximum loan eligibility:
- Upto 80% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot
 
NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40% to 9.75%
- Rs 75 lakhs to Rs. 300 lakhs - 8.65% to 10.50%
- Over Rs 300 lakhs - 8.80% to 11.25%
sponsored
Floating
8.60%
Rs 49,530.50
Rs 0
0.00%
Tenure:
- Residential: 15 yrs (20 yrs for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan Interest rates:
- Upto Rs 30 lakhs - 8.5% to 9.05%
- Over Rs. 30 lakhs - 8.60% - 9.15%
sponsored

Indiabulls

Loan Type
Floating
Interest Rate
8.40%
Your EMI (Monthly Payment)
Rs 48,944.33
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Zero fees for NriDealExpert.com users
 
Tenure of NRI Home loans:
- Upto 20 years
- No minimum tenure
 
Maximum loan eligibility:
- Upto 80% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot
 
NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40% to 9.75%
- Rs 75 lakhs to Rs. 300 lakhs - 8.65% to 10.50%
- Over Rs 300 lakhs - 8.80% to 11.25%
Loan Type
Floating
Interest Rate
8.60%
Your EMI (Monthly Payment)
Rs 49,530.50
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Tenure:
- Residential: 15 yrs (20 yrs for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan Interest rates:
- Upto Rs 30 lakhs - 8.5% to 9.05%
- Over Rs. 30 lakhs - 8.60% - 9.15%

Indiabulls

Loan Type
Floating
Interest Rate
8.40%
Your EMI (Monthly Payment)
Rs 48,944.33
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Zero fees for NriDealExpert.com users
 
Tenure of NRI Home loans:
- Upto 20 years
- No minimum tenure
 
Maximum loan eligibility:
- Upto 80% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot
 
NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40% to 9.75%
- Rs 75 lakhs to Rs. 300 lakhs - 8.65% to 10.50%
- Over Rs 300 lakhs - 8.80% to 11.25%
Loan Type
Fixed
Interest Rate
8.70%
Your EMI (Monthly Payment)
Rs 49,824.90
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Tenure:
- Residential: 15 yrs (20 years for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan 2-year fixed interest rates:
- Upto Rs 30 lakhs - 8.60% to 9.15%
- Over Rs 30 lakhs - 8.65% to 9.25%
Complete Results
Loan Type
Floating
Interest Rate
8.35%
Your EMI (Monthly Payment)
Rs 48,798.34
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Special interest rate offer- 8.35%

Tenure of NRI Home loans:
- Upto 15 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot

NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 9.00%
- Rs. 75 - 150 lakhs - 9.15%
- Rs. 150 - 300 lakhs - 9.35%

Bank of Baroda

Loan Type
Floating
Interest Rate
8.40%
Your EMI (Monthly Payment)
Rs 48,944.33
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Tenure of NRI Home loans:
- Upto 15 years
- No minimum tenure

Maximum loan eligibility:
- Upto 80%

NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40%
Over Rs. 75 lakhs - 8.65%

Indiabulls

Loan Type
Floating
Interest Rate
8.40%
Your EMI (Monthly Payment)
Rs 48,944.33
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Zero fees for NriDealExpert.com users
 
Tenure of NRI Home loans:
- Upto 20 years
- No minimum tenure
 
Maximum loan eligibility:
- Upto 80% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot
 
NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40% to 9.75%
- Rs 75 lakhs to Rs. 300 lakhs - 8.65% to 10.50%
- Over Rs 300 lakhs - 8.80% to 11.25%
Loan Type
Floating
Interest Rate
8.55%
Your EMI (Monthly Payment)
Rs 49,383.63
Processing Fees
Rs 6,500
Processing Fees(%)
0.13%
Details
Tenure of NRI Home loans:
- Upto 25 years for borrowers aged up to 35 years
- Upto 20 years for borrowers aged 35 years - 45 years
- Upto 15 years for borrowers aged above 45 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% for loan for house/flat reday for possession
- Upto 80% for loan upto Rs. 75 lakhs for house/flat under construction and 75% for loan over Rs. 75 lakhs

NRI Home Loan Interest rates on residential property:
- Upto Rs. 30 lakhs - 8.40%
- Rs.30 lakhs - Rs. 75 lakhs - 8.55%
- Over Rs. 75 lakhs - 8.65%

Processing fees:
- 0.125% upto Rs. 25 lakhs
- Rs 6,500 between Rs. 25 lakhs - Rs. 75 lakhs
- Rs 10,000 on over Rs. 75 lakhs
Loan Type
Floating
Interest Rate
8.60%
Your EMI (Monthly Payment)
Rs 49,530.50
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Tenure:
- Residential: 15 yrs (20 yrs for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan Interest rates:
- Upto Rs 30 lakhs - 8.5% to 9.05%
- Over Rs. 30 lakhs - 8.60% - 9.15%

Axis Bank

Loan Type
Floating
Interest Rate
8.65%
Your EMI (Monthly Payment)
Rs 49,677.59
Processing Fees
Rs 50,000
Processing Fees(%)
1.00%
Details
Tenure of NRI Home loans:
- Upto 25 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% for home loan upto Rs. 20 lakhs and 80% for below Rs. 20 lakhs


NRI Home Loan Interest rates:
- Upto Rs. 30 lakhs - 8.40%
- Upto Rs. 75 lakhs - 8.65%
- Above Rs. 75 lakhs - 8.70%

ICICI Bank

Loan Type
Fixed
Interest Rate
8.70%
Your EMI (Monthly Payment)
Rs 49,824.90
Processing Fees
Rs 25,000
Processing Fees(%)
0.50%
Details
Tenure:
- Residential: 15 yrs (self employed - 10 yrs)
- Plot: 10 yrs
- No minimum tenure

Max Amount:
- Residential: 80%, Plot: 65%
- Max amount: 1 crore

Fixed NRI Home Loan Interest rates for 2 and 3 years:
- Upto Rs. 75 lakhs - 8.70%
- Rs 75 lakhs - Rs 5 crores - 8.75%
- Over Rs 5 crores - 8.85%

Fixed NRI Home Loan Interest rates for 5 & 10 years:
- upto Rs. 30 lakhs - 8.75%
- Over Rs. 30 lakhs - 8.85%
Loan Type
Fixed
Interest Rate
8.70%
Your EMI (Monthly Payment)
Rs 49,824.90
Processing Fees
Rs 0
Processing Fees(%)
0.00%
Details
Tenure:
- Residential: 15 yrs (20 years for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan 2-year fixed interest rates:
- Upto Rs 30 lakhs - 8.60% to 9.15%
- Over Rs 30 lakhs - 8.65% to 9.25%

ICICI Bank

Loan Type
Floating
Interest Rate
8.80%
Your EMI (Monthly Payment)
Rs 50,120.18
Processing Fees
Rs 25,000
Processing Fees(%)
0.50%
Details
Tenure:
- Residential: 15 yrs (self employed - 10 yrs)
- Plot: 10 yrs
- No minimum tenure

Max Amount:
- Residential: 80%, Plot: 65%
- Max amount: 1 crore

NRI Home Loan Interest rates:
- Upto Rs. 30 lakhs - 8.50%
- Rs. 30 - 75 lakhs - 8.8%
- Rs 75 lakhs - Rs 5 crores - 8.85%
- Over Rs 5 crores - 8.95%

Yes Bank

Loan Type
Floating
Interest Rate
9.35%
Your EMI (Monthly Payment)
Rs 51,759.63
Processing Fees
Rs 25,000
Processing Fees(%)
0.50%
Details
Tenure of NRI Home loans:
- Upto 15 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot

NRI Home Loan Interest rates:
9.35% - 10.50%

Axis Bank

Loan Type
Fixed
Interest Rate
11.75%
Your EMI (Monthly Payment)
Rs 59,206.57
Processing Fees
Rs 50,000
Processing Fees(%)
1.00%
Details
Tenure:
- 20 years
- No minimum tenure

Max Amount:
- Upto 85% for home loan upto Rs. 20 lakhs and 80% for below Rs. 20 lakhs
Provider
Loan Type
Interest Rate
Your EMI
(Monthly Payment)
Processing
Fees
Processing
Fees(%)
Details
Floating
8.35%
Rs 48,798.34
Rs 0
0.00%
Special interest rate offer- 8.35%

Tenure of NRI Home loans:
- Upto 15 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot

NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 9.00%
- Rs. 75 - 150 lakhs - 9.15%
- Rs. 150 - 300 lakhs - 9.35%
 
Bank of Baroda
0 reviews
Floating
8.40%
Rs 48,944.33
Rs 0
0.00%
Tenure of NRI Home loans:
- Upto 15 years
- No minimum tenure

Maximum loan eligibility:
- Upto 80%

NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40%
Over Rs. 75 lakhs - 8.65%
 
Indiabulls
0 reviews
Floating
8.40%
Rs 48,944.33
Rs 0
0.00%
Zero fees for NriDealExpert.com users
 
Tenure of NRI Home loans:
- Upto 20 years
- No minimum tenure
 
Maximum loan eligibility:
- Upto 80% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot
 
NRI Home Loan Interest rates on residential property:
- Upto Rs. 75 lakhs - 8.40% to 9.75%
- Rs 75 lakhs to Rs. 300 lakhs - 8.65% to 10.50%
- Over Rs 300 lakhs - 8.80% to 11.25%
 
Floating
8.55%
Rs 49,383.63
Rs 6,500
0.13%
Tenure of NRI Home loans:
- Upto 25 years for borrowers aged up to 35 years
- Upto 20 years for borrowers aged 35 years - 45 years
- Upto 15 years for borrowers aged above 45 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% for loan for house/flat reday for possession
- Upto 80% for loan upto Rs. 75 lakhs for house/flat under construction and 75% for loan over Rs. 75 lakhs

NRI Home Loan Interest rates on residential property:
- Upto Rs. 30 lakhs - 8.40%
- Rs.30 lakhs - Rs. 75 lakhs - 8.55%
- Over Rs. 75 lakhs - 8.65%

Processing fees:
- 0.125% upto Rs. 25 lakhs
- Rs 6,500 between Rs. 25 lakhs - Rs. 75 lakhs
- Rs 10,000 on over Rs. 75 lakhs
 
Floating
8.60%
Rs 49,530.50
Rs 0
0.00%
Tenure:
- Residential: 15 yrs (20 yrs for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan Interest rates:
- Upto Rs 30 lakhs - 8.5% to 9.05%
- Over Rs. 30 lakhs - 8.60% - 9.15%
 
Axis Bank
0 reviews
Floating
8.65%
Rs 49,677.59
Rs 50,000
1.00%
Tenure of NRI Home loans:
- Upto 25 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% for home loan upto Rs. 20 lakhs and 80% for below Rs. 20 lakhs


NRI Home Loan Interest rates:
- Upto Rs. 30 lakhs - 8.40%
- Upto Rs. 75 lakhs - 8.65%
- Above Rs. 75 lakhs - 8.70%
 
ICICI Bank
0 reviews
Fixed
8.70%
Rs 49,824.90
Rs 25,000
0.50%
Tenure:
- Residential: 15 yrs (self employed - 10 yrs)
- Plot: 10 yrs
- No minimum tenure

Max Amount:
- Residential: 80%, Plot: 65%
- Max amount: 1 crore

Fixed NRI Home Loan Interest rates for 2 and 3 years:
- Upto Rs. 75 lakhs - 8.70%
- Rs 75 lakhs - Rs 5 crores - 8.75%
- Over Rs 5 crores - 8.85%

Fixed NRI Home Loan Interest rates for 5 & 10 years:
- upto Rs. 30 lakhs - 8.75%
- Over Rs. 30 lakhs - 8.85%
 
Fixed
8.70%
Rs 49,824.90
Rs 0
0.00%
Tenure:
- Residential: 15 yrs (20 years for professionals)
- Plot of land: 10 yrs
- No minimum tenure

Max Amount:
- Upto Rs 75 lakhs: 80%
- Over Rs 75 lakhs: 75%

NRI Home Loan 2-year fixed interest rates:
- Upto Rs 30 lakhs - 8.60% to 9.15%
- Over Rs 30 lakhs - 8.65% to 9.25%
 
ICICI Bank
0 reviews
Floating
8.80%
Rs 50,120.18
Rs 25,000
0.50%
Tenure:
- Residential: 15 yrs (self employed - 10 yrs)
- Plot: 10 yrs
- No minimum tenure

Max Amount:
- Residential: 80%, Plot: 65%
- Max amount: 1 crore

NRI Home Loan Interest rates:
- Upto Rs. 30 lakhs - 8.50%
- Rs. 30 - 75 lakhs - 8.8%
- Rs 75 lakhs - Rs 5 crores - 8.85%
- Over Rs 5 crores - 8.95%
 
Yes Bank
0 reviews
Floating
9.35%
Rs 51,759.63
Rs 25,000
0.50%
Tenure of NRI Home loans:
- Upto 15 years
- No minimum tenure

Maximum loan eligibility:
- Upto 85% of the agreement value or total cost (including stamp duty & registration charges) of the flat/house or plot

NRI Home Loan Interest rates:
9.35% - 10.50%
 
Axis Bank
0 reviews
Fixed
11.75%
Rs 59,206.57
Rs 50,000
1.00%
Tenure:
- 20 years
- No minimum tenure

Max Amount:
- Upto 85% for home loan upto Rs. 20 lakhs and 80% for below Rs. 20 lakhs
* All details updated as on Jun 18, 2018
This site is for informational purposes only. Nothing on this site should be construed as advice. When you click on "Go to Site" button, you will be directed to the provider's website where you need to register for the service. We may get paid if you use services from providers listed here. The providers are included based on their rates, service charges, turnaround time and reviews.

NRI Home Loans FAQs

For what types of property can an NRI take a home loan?

An NRI can take a home loan at the following circumstances:

  • - For purchasing a house or apartment, constructed or to-be-built in India
  • - For self-constructing a home on a plot in India
  • - For renovating or improving an existing property in India
  • - For financing for the purchase of a plot in India

When will an NRI become eligible for taking a home loan in India?

Note that, the home loan eligibility of an NRI will be calculated in the same way as it’s done for the resident Indians. However, more emphasis will be put on the following factors:
- Qualification: Most frequently, you will be expected to be a graduate
- Current job profile
- Past working experience
- The possibility of continuing working abroad
- The possibility of servicing the home loan, in case you are returning back to India

Are there any tax benefits to NRI home loans?

No, there will be no tax benefits to NRIs on NRI home loans unless he/she file tax returns in India on income generated in India and thus, become eligible to enjoy tax benefits as mentioned by your bank.

What are the documents needed for getting an NRI home loan?

Normally, an NRI will have to submit additional documents when compared to the resident Indians when applying for home loans. The documents will include:
- Identity proof (PAN Card along with Passport and Visa / Work Permit)
- Residence proof (Utility bills like telephone, electricity or water bill / Registered Rent Agreement)
- Salary slips (last 3 months) with 6 months’ salary bank statements
- Tax returns and latest Employment Contract
Consumer Credit Check report
- POA, usually drawn in favour of parents, wife, or children of the NRI

What is Power of Attorney (POA) in NRI home loans and when to use it?

Power of Attorney (POA) is something which will allow you to grant another person the power to make decisions pertaining to your property. There are two types in this:
- General POA: This is a situation in which you can confer general rights of your property to someone else. By using this, the POA holder could sell, lease, and/or sub-lease your property.
- Special POA: This is a situation where the chosen person will be given only a specific right by you.

 

NRIs could make use of POA facility to get their properties registered by a trusted person during their stay abroad.

How can an NRI repay his/her home loan in India?

Repayment of NRI home loans will be carried out as “Equated Monthly Installments (EMIs)”, which will include principal and interest computed on monthly rests. NRIs can pay their monthly instalments by issuing cheques from their NRE or NRO accounts or giving a Direct Debit Mandate in favour of your NRI home loan lender and also give them four post-dated cheques from the account.

 

In case you are making a part-disbursement of your loan, then the monthly interests will be computed only on the disbursed amount. This payment would have to be made every month-end and the payment would have to be made by you by post-dated cheques.

Can an NRI pre-close a home loan in India?

Yes, an NRI can pre-close a home loan by making a lump sum payment towards part/full payment. However, some pre-closure charges will be applied to it.

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