NRI Home
Loans
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We endeavour to serve customers with speed and technology to deliver an engaging customer experience.

NRI home loans allow Non-Resident Indians to own a residence in India.

Our knowledge of across-the-globe credit practices and understanding of employment terms gives us an edge in meeting your home buying requirements. We endeavour to serve customers with speed and technology to deliver an engaging customer experience.

We assist you at every stage of your decision-making process to buy a home in our own country. Attractive interest rates, minimized paperwork, technology-enabled swift approvals, and step-by-step assistance make owning a home in India easier than ever. Our customized NRI home loan is the perfect solution for the globetrotting Indian looking to buy a property in India with peace of mind.

  • Purpose
  • Who can apply
  • Benefits
  • Documents required
  • Maximum loan
  • Interest rates

NRI home loans enable Non-Resident Indians to own a property or plot in India, subject to government regulations and jurisdictions.

FAQs - NRI Home Loans

As per India’s Foreign Exchange Management Act (FEMA) 1999, a Non-Resident Indian (NRI) is a citizen of India or a Person of Indian origin (PIO) living outside India for employment, business or any other vocation, which would indicate his intention to stay outside India for an indefinite period of time. An Indian would also be termed as an NRI if his stay in India is less than 182 days.

A home loan needs to be paid for the entire tenure of the loan by way of direct remittances from abroad through normal banking channels or from other financial accounts as may be permitted by the Reserve Bank of India (RBI). Generally, payments are done through NRO, NRE, NRNR and FCNR accounts. These accounts may change based on RBI regulations.

Under the existing general permissions available, an NRI/PIO may purchase a residential or commercial property in India out of the funds remitted to India through normal banking channels or through funds held in his/her NRE/FCNR (B)/NRO account. No consideration would be paid outside of India.

No. NRIs do not require any consent from the RBI to buy immovable property in India, provided the property is residential or commercial in nature.

The eligibility is calculated in the same way as is done for resident Indians with a special emphasis on:

Registered Office

701, 7th Floor, Aggarwal Corporate Tower,
Plot No. 23, District Centre,
Rajendra Place,
New Delhi – 110008
Tel: +91 11 69146000
CIN: U65990DL2017PLC322041

Corporate Office

Level - 20, Birla Aurora,
Dr. Annie Besant Road,
Worli, Mumbai – 400030

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