NRI Loans in India

Yes. NRIs can get home loans from most major Indian banks including SBI, HDFC, ICICI, and Axis Bank. Under FEMA regulations, NRIs are permitted to purchase residential and commercial property in India and can finance up to 80% of the property value. Read our NRI home loan guide for eligibility details, required documents, and a bank-wise rate comparison.

NRI home loan applications typically require your valid passport with visa pages, overseas employment contract or appointment letter, last 6 months' salary slips, 12 months' NRE/NRO bank statements, overseas bank statements, and a Power of Attorney if you cannot be present in India for property registration. Some banks also require a letter from the Indian embassy. See the full checklist in our NRI home loan guide.

NRI home loan rates are typically 0.05% to 0.25% higher than resident Indian rates from the same bank. As of 2026, NRI home loan rates start from around 8.50% compared to 8.40% for residents. The small premium reflects the additional risk and operational complexity of lending to borrowers based overseas.

Yes. NRIs can claim tax deductions on Indian home loans under Section 80C (up to ₹1.5 lakh on principal repayment) and Section 24(b) (up to ₹2 lakh on interest for a self-occupied property, with no limit for let-out property). These benefits apply when filing Indian income tax returns. Our NRI property investment guide covers the full tax implications.