Last Updated on 25/10/2019
Home Loans to NRI


  • A NRI/ PIO holding Indian Passport or Passport of any other country except Pakistan and Bangladesh is eligible for the loan.
  • Minimum Monthly Salary of the applicant should be equivalent of Indian Rs. 10,000/-
  • Applicants who own a house in his/ her name or in name of the spouse or in the name of minor children are also eligible.


  • For purchase or construction of a residential house or flat and for repair or renovation of existing residential house or flat.

Loan Amount

  • For building or buying a new house -Maximum of 80% of the cost of the house
  • For renovating house - Maximum of Rs. 15 lakh
  • Margin varies from 10% to 25%


  • Equitable mortgage of the property to be purchased or built or renovated
  • Property should be insured for adequate value with Bank clause
  • Registered Memorandum in states whereever it is applicable


  • For Purchase / Construction - Maximum of 180 Months
  • For Repair / Renovation - Maximum of 60 months
  • Repayable in equated monthly installments through fresh foreign inward remittance or by debiting NRE/ NRO/ FCNR account in India.
  • The Repayment of loan installment, interest and other charges can also be made by close relatives of the NRI borrower resident in India, through their bank account.
  • If the house is rented out, rental income should be adjusted towards loan installments, even if it is more than the monthly installment prescribed.

Holiday Period

  • 12 Months - For Construction from the date of first disbursal
  • 6 Months - Acquisition
  • 3 Months - For Repair & Renovation

Rate of Interest

Processing Charges (Click here)

Home Loan Scheme Application Form (Click here)