Home loans for NRIs: what changes
Shorter tenures, mandatory power of attorney and repayment through NRE/NRO accounts.
4 min read
What you need to know
NRIs can buy residential and commercial property in India (agricultural land, plantations and farmhouses are excluded) and most major lenders offer dedicated NRI home loan products.
Expect a tenure capped around 15-20 years, a local co-applicant or a registered power of attorney holder, and repayment routed through NRE, NRO or FCNR accounts. Documentation is attested by the Indian embassy or a notary in your country of residence.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Frequently asked questions
What is the main takeaway from “Home loans for NRIs: what changes”?
Shorter tenures, mandatory power of attorney and repayment through NRE/NRO accounts.
What should I check before acting on this home loans guide?
Review the practical points in the guide against your income, obligations, documents and lender requirements.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.