Yes — NRIs and OCIs can get a home loan for ready-to-move or resale residential property in India, from nearly every PSU bank, private bank and several NBFCs. This is the most widely available NRI loan category. Here's exactly what a lender asks for, what rates currently look like, and how the process runs when you're applying from abroad.
Buying ready-to-move or resale residential property in India, to live in or rent out.
Up to 80% of property value, tapering down as loan size increases (RBI-linked).
Up to 30 years at most banks — several NRI-specific desks cap it at 20–25 years.
EMIs debited from your NRE, NRO or FCNR account — never a foreign account directly.
Generally 21–65 years at loan maturity, though some lenders extend salaried applicants to 60 and self-employed to 65–70. Must hold NRI, OCI or PIO status with a valid passport and visa/residency proof.
Salaried or self-employed, with a minimum overseas work history most lenders set at 1–3 years (some accept as little as 6 months). Self-employed applicants face heavier income documentation.
Assessed on overseas income, typically converted to an INR equivalent. Most lenders expect a minimum monthly income in the ₹50,000+ range, though this varies significantly by lender and country of residence.
Exact requirements vary by lender and by your country of residence — see your country page for local specifics (salary certificate format, POA attestation, etc.). In general:
Valid passport, current visa/residence permit, PAN card, OCI card if applicable, recent passport-size photographs.
Salary certificate or employment contract, 6–12 months of bank statements, overseas tax returns where applicable, work permit copy.
Sale agreement, title documents, encumbrance certificate, property valuation, and NOC from the builder or society where relevant.
Pulled from each lender's own published rate page, September 2026 — the general market rate, not a number confirmed for your specific profile.
| Lender | Indicative rate* | Max tenure* |
|---|---|---|
| State Bank of India (SBI) | 7.25% – 8.45% | 30 years |
| HDFC Bank | 7.90% – 13.20% | 20 years (NRI-specific) |
| ICICI Bank | 7.50% onwards | 20 years (NRI-specific) |
| Axis Bank | 8.00% – 9.10% | 30 years |
| HSBC | 7.45% onwards | 25 years (NRI-specific) |
| LIC Housing Finance | 7.15% onwards | 30 years |
Showing 6 of 25 sourced lenders. Rates are each lender's published figure, not confirmed for a specific applicant — actual offer depends on credit score, loan amount and documentation.
Confirm your profile fits before submitting documents — income, country and property value all factor in.
Identity, income and property documents, often via a POA if you can't be present in India for every step.
The lender values the property and legally verifies title before issuing a sanction letter.
Funds are released to the seller/builder once final documentation is complete; EMIs begin from your NRE/NRO account.
Non-Resident External account — holds foreign earnings remitted to India, fully repatriable. Most common account for EMI debit.
Non-Resident Ordinary account — for income earned in India (rent, dividends). Usable for EMI repayment, with repatriation limits.
Foreign Currency Non-Resident account — holds funds in foreign currency, avoiding exchange-rate risk on the deposit itself.
No. RBI guidelines cap financing well below 100% — up to 90% only for smaller loans (≤₹30L), tapering to 75% for loans above ₹75L. You'll need to fund the remainder as a down payment.
Often not for the full process — a registered Power of Attorney combined with video-KYC or embassy-attested documents covers most steps at many lenders. Some steps or lenders may still require in-person action; this varies, so check with the specific lender.
Most commonly an NRE or NRO account. Which one depends on where your income originates — foreign earnings typically route through NRE, India-sourced income through NRO.
Yes, most lenders allow a resident Indian co-applicant (typically an immediate family member), which can also help with eligibility and documentation.
That's a balance transfer, not a fresh home loan — see our Balance Transfer & Top-Up guide for how that works.
Author: Himanshu Gupta · Reviewer: Sachin Gupta · Last verified: September 2026.