Property

India — Property: Mortgage Availability

NRI/OCI home loans are widely available from major lenders (SBI, HDFC, ICICI, Axis, LIC Housing Finance), financing 75-90% of the property value at interest rates typically 7.15-8.75%. Eligibility generally requires proof of NRI/OCI status, stable overseas income/employment history, a minimum age (usually 18-21), and a minimum income threshold that varies by lender and country of residence. Loan tenure for NRIs is shorter than for residents — typically 15-20 years (some lenders stretch to 25) versus up to 30 years for residents — and the loan must be fully repaid before the applicant turns 60-65.

SBI / HDFC / ICICI NRI home loan programs · Last verified 2026-07-20

Key Facts

  • Major NRI home loan lenders: SBI, HDFC, ICICI Bank, Axis Bank, LIC Housing Finance.
  • Financing typically covers 75-90% of the property value; interest rates range roughly 7.15-8.75%.
  • NRI loan tenure is shorter than for residents: typically 15-20 years (some lenders up to 25) versus up to 30 years for residents.
  • Age cap: the loan must be fully repaid before the applicant turns 60-65.
  • Eligibility requires NRI/OCI status proof, stable overseas income/employment history, and a minimum age (usually 18-21).

Required Documents

  • Passport and visa/work/residence permit (NRI/OCI proof)
  • Proof of overseas income and employment continuity
  • PAN card
  • NRE/NRO bank account for EMI payments

Common Mistakes

  • Assuming resident-equivalent 30-year loan tenure applies to NRIs — the effective maximum is materially shorter due to the age-60-to-65 repayment cap.
  • Applying with a job held for only a few months — lenders favor applicants with a longer track record of employment/business continuity.

Related Topics

buying-processforeign-ownership
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