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NRI Home Loan — Buy Property in India from Abroad
NRI Home Loan
Own a home in India while you live abroad
An NRI home loan lets Non-Resident Indians, PIOs and OCIs buy or construct a residential property in India, with documentation built around your overseas job and bank accounts — passport, visa or work permit, and NRE/NRO statements. Repayment stays FEMA-compliant through your NRE, NRO or FCNR account, and a Power of Attorney to a trusted resident usually keeps the paperwork moving while you're away.
We are not a lender — the loan is sanctioned and disbursed by our partner bank or HFC at their discretion, under RBI and FEMA rules. As an intermediary we compare 30+ banks and housing-finance companies so you get the right structure, a sharp rate, and a clear cost picture before you commit.
Loan amount*Income-based
Interest rate*8.75%–11% p.a.
Max tenure*10–15 yrs
Funding (LTV)*Up to 80%
Repayment*Via NRE / NRO
*Indicative and subject to change — the actual amount, rate, tenure, LTV and repayment route are set by the lender per RBI / FEMA norms and your profile. NRI rates are typically 0.25%–0.5% higher than for resident borrowers, and tenure is capped by your age at retirement or visa validity. See the full disclaimer in the footer.
Who it's for
Built for Indians settled overseas
Non-Resident Indians (NRIs)
Indian citizens working or living abroad who want to buy or build a home back in India.
PIOs & OCIs
Persons of Indian Origin and Overseas Citizens of India with eligible foreign passports.
Salaried abroad
Foreign-employer income proof and overseas salary slips drive your eligibility and amount.
Families buying together
Often with a resident Indian co-applicant and a Power of Attorney to manage the process at home.
Features & benefits
Why NRIs choose this loan with us
FEMA-compliant by design
Structured to RBI and FEMA rules for property purchase and repayment, so you stay on the right side of the law.
Repay via NRE / NRO / FCNR
EMIs are paid from your NRE, NRO or FCNR account, or through inward remittance — no cash-flow headaches.
Up to 80% funding
Finance up to 80% of property value (RBI LTV bands) — arrange the rest as down payment from abroad.
Power-of-Attorney support
We help you set up a PoA to a resident Indian so signing and registration can happen without you flying down.
Tax benefits if you file in India
§80C and §24(b) deductions remain available to NRIs who file an income-tax return in India.
30+ lenders compared
One application, a written comparison across NRI-friendly lenders, and an advisor you can reach by name across time zones.
Eligibility
Who qualifies for an NRI home loan
| Criteria | Salaried NRI | Self-employed NRI |
|---|---|---|
| Status | NRI, PIO or OCI with a valid passport and visa / work permit / OCI card | |
| Age | 21–60 years (capped by retirement) | 21–65 years (capped by retirement) |
| Income / vintage | Stable overseas salary; usually 1–2 years abroad | Profitable overseas business; usually 2–3 years of proof |
| Tenure | Indicatively 10–15 years, capped by your age at retirement or visa validity | |
| Power of Attorney | A PoA to a resident Indian is usually mandated to handle signing & registration | |
| Co-applicant | A resident Indian co-applicant is often required and can raise eligibility | |
| Property | Residential property only — agricultural land, plantation or farmhouse not permitted | |
Eligibility is indicative and finally determined by the lender's policy, your country of residence and credit assessment.
Documents
What you'll typically need
Salaried NRI
- Valid passport & visa / work permit (or OCI / PIO card)
- PAN card and KYC documents, recent photographs
- Overseas salary slips (latest 3–6 months)
- Employment contract / appointment letter
- Overseas bank statements + NRE / NRO account statements (6–12 months)
- Power of Attorney to a resident Indian
- Property documents (agreement, chain, approvals)
Self-employed NRI
- Valid passport & visa / work permit (or OCI / PIO card)
- PAN card and KYC documents, recent photographs
- Business proof / trade licence & financials
- Overseas income / tax returns where applicable
- Overseas bank statements + NRE / NRO account statements (6–12 months)
- Power of Attorney to a resident Indian
- Property documents (agreement, chain, approvals)
Exact documents vary by lender, your country of residence and profile — we share a personalised checklist once we understand your case. Overseas documents may need attestation by the Indian embassy / consulate.
Rates, fees & charges
Indicative cost of an NRI home loan
| Item | Indicative* |
|---|---|
| Interest rate | 8.75% – 11% p.a. (typically +0.25%–0.5% vs resident) |
| Tenure | 10 – 15 years (capped by retirement / visa) |
| Funding (LTV) | Up to 80% of property value (RBI LTV bands) |
| Processing fee | 0.5% – 1.5% of loan amount + GST |
| Repayment route | NRE / NRO / FCNR account or inward remittance (FEMA) |
| Legal, technical & PoA | Valuation, legal vetting + PoA / attestation costs as applicable |
| Stamp duty & registration | As per state — paid by you, usually not funded |
*Indicative as of the current period and subject to change without notice. Final rates and fees are set by the lender in the sanction letter.
How it works
From first call to disbursal —
four simple steps.
01
Share your goal
Tell us your country, income and the property — by phone or our web form.
02
Compare & choose
We compare 30+ lenders and present a clear, written shortlist.
03
Documentation & sanction
We prepare your file, set up the PoA and coordinate verification and sanction.
04
Disbursal & beyond
Funds are disbursed — and we stay available across time zones for queries.
Tax in India
Tax benefits for NRIs who file in India
§80C — up to ₹1.5 L
Deduction on the principal you repay each year (within the overall §80C limit) — available to NRIs who file an income-tax return in India.
§24(b) — up to ₹2 L
Deduction on the interest paid each year on a self-occupied property — claimed in your Indian return, largest in the early, interest-heavy years.
File a return in India
These deductions apply only if you file an Indian income-tax return. A double-taxation treaty (DTAA) with your country of residence may also affect how the income is taxed.
Tax benefits depend on your residential status, where you file, the law in force and any applicable DTAA. This is general information, not tax advice — please confirm with a tax professional.
See your EMI and what you could borrow
Free, instant and built for Indian borrowers — with RBI LTV context and §80C / §24(b) tax-saving estimates. Need help? Our advisor can guide you across time zones.
FAQs
NRI home loan — questions, answered
An NRI is an Indian citizen who lives or works abroad and meets the residency tests under FEMA and the Income-Tax Act. A PIO (Person of Indian Origin) and an OCI (Overseas Citizen of India) hold a foreign passport but have Indian roots and an OCI/PIO card. All three can apply for an NRI home loan to buy residential property in India, subject to the lender's policy.
In most cases, yes. Because you are abroad, lenders usually mandate a Power of Attorney (PoA) to a trusted resident Indian — often a family member — so documents can be signed, the property registered and formalities completed without you travelling. We help you draft and execute a PoA that the lender will accept.
Repayment must follow FEMA rules. EMIs are paid from your NRE, NRO or FCNR account, or through normal inward remittance from abroad. You cannot service the loan in foreign cash; the funds must flow through banking channels, which keeps everything compliant and easy to track.
If you file an income-tax return in India, you can claim up to ₹1.5 lakh a year on principal under §80C and up to ₹2 lakh a year on interest under §24(b) for a self-occupied home, just like a resident. The benefit applies only against income you offer to tax in India, and a DTAA with your country of residence may also be relevant.
Funding is indicatively up to 80% of property value, and the interest rate is usually 0.25%–0.5% higher than for residents. Tenure is typically shorter — around 10–15 years — because it is capped by your expected retirement age or visa validity. The exact terms are set by the lender based on your profile and country of residence.
Typically your passport and visa or work permit (or OCI/PIO card), PAN and KYC, overseas salary slips or business proof, an employment contract, overseas and NRE/NRO bank statements, a Power of Attorney, and the property papers. Overseas documents may need attestation by the Indian embassy or consulate. We share a personalised checklist once we understand your case.
No. Under FEMA, NRIs, PIOs and OCIs cannot purchase agricultural land, plantation property or a farmhouse in India, so these are not financed. An NRI home loan funds residential (and, separately, eligible commercial) property only. We'll confirm the property type is eligible before you proceed.
Yes, and lenders often prefer it. Adding a resident Indian co-applicant — usually a close family member who is also a co-owner — can improve eligibility, ease servicing and simplify documentation. Both applicants' income and credit profiles are assessed when deciding the loan amount and rate.
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