Home loans for NRIs in India
Yes — most leading Indian banks and housing finance companies offer home loans to NRIs and OCIs, typically financing up to 75–80% of the property value. The loan is sanctioned in Indian rupees, and repayment is made through inward remittances or from your NRE/NRO account via EMIs, just like a resident loan.
How much can you borrow
Lenders usually fund up to 75–80% of the property value (loan-to-value), with the balance paid as your down payment. The exact amount depends on your income, age, existing obligations and the lender's policy.
Eligibility
- Valid NRI/OCI status with a stable overseas income
- Minimum age and remaining service/tenure as per the lender
- A resident Indian co-applicant or POA holder is often required
- A clean credit history (Indian CIBIL and/or overseas bureau)
Documents typically required
- Passport, visa and OCI card (as applicable)
- Overseas employment contract / appointment letter and recent salary slips
- Overseas and NRE/NRO bank statements (usually 6–12 months)
- Power of Attorney in favour of a resident representative
- Property documents and, where applicable, the developer's approvals
Repayment and tenure
EMIs must be paid in Indian rupees from your NRE or NRO account, or through direct inward remittance from abroad. Tenures commonly run up to 20–30 years depending on your age and profile. Interest paid may also offer tax benefits against Indian rental income — a CA can confirm your position.
Frequently asked
This guide is general information, not legal or tax advice. FEMA and tax rules change with each Union Budget — please confirm specifics with a qualified chartered accountant. Property Point's NRI desk connects you with vetted professionals.
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