A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • HDFC NRI Home loan

    The Housing Development Finance Corporation, popularly known as HDFC, was established in 1994 and was amongst the first Indian Banks to obtain an in-principle approval from the RBI. HDFC serves over 28 million happy customers by offering a wide array of financial services and products including NRI, SME and wholesale banking solutions. When it comes to NRI banking, HDFC has specially crafted products like payment services, insurance, investments, loans and deposits which have been designed keeping in mind the requirements of Non Resident Indians. A pioneer in home loan portfolio, HDFC home loans will help you fulfil the dream of owning a property. Flexible tenures, minimal documentation requirements and expert guidance will ensure you a delightful home purchase experience.

    Types of HDFC Bank NRI Home Loans:

    • TruFixed Plus Home Loan – 2 Year Fixed Rate Variant

      This type of housing loan offers you the flexibility of part fixed rate term and part flexible rate term. Fixed rate can be availed for a maximum tenure of 2 years and post that, the loan will be automatically changed to adjustable rate to a total of 20 years.

    • TruFixed Plus Home Loan – 3 Year Fixed Variant

      This type offers customers the flexibility of having fixed rate for a term period and flexible rate for the remaining tenure. Under this scheme, you can avail a fixed rate for up to 3 years and flexible rate post that period for a total tenure of up to 20 years.

    • Adjustable Rate

      Linked to HDFC’s RPLR, Retail Prime Lending Rate, the interest rate will be revised once in 3 months. The revision will be based on the date of first disbursement with or without an EMI change. The interest component in monthly repayment may increase or decrease depending on the interest rate fluctuation.

    HDFC NRI Home Loan Eligibility and Documentation:


    This loan can be availed by a person who is residing abroad but is a citizen of India or is of Indian origin. The person might stay overseas for the purpose of employment, business, vocation or education. Generally, the eligibility criteria for NRI Home Loans will include age, income per annum and the number of years that the applicant has stayed abroad. Depending on loan tenures, the annual income criterion will also vary.


    The documents required vary depending on the applicant’s employment, country of residence and source of income. The following documents might be asked for during the application process.

    Identity and Address Proof:

    Any one of the following documents - passport (compulsory), Voter ID, PAN Card with allotment letter and Aadhar

    Income Proof:
    • Salary slip for the last 3 months specifying name, date of joining, salary and designation
    • Copy of appointment letter or employment contract
    • Copy of the last 6 months’ bank account of NRI/NRO accounts in India and also that showing the salary credits
    • Most recent credit bureau report if applicable
    Other Documents:
    • Copy of valid resident Visa stamped on passport
    • Occupational history
    • Cheque for processing charges
    • Passport size photo of all applicants, signed across
    Property Documents:
    • Copy of Agreement of Sale
    • Title Deeds with previous chain of property-related documents
    • Receipts of all payments made to seller

    For a more exhaustive list of documents required and eligibility criteria, do enquire with the nearest HDFC Bank branch.

    HDFC Bank NRI Housing Loan Interest Rates:

    Loan Type Loan Quantum Interest Rate per annum
    Adjustable Rate Loan for Women Any Quantum 9.85 to 10.35%
    Adjustable Rate Loan Up to and including Rs.75 lakhs 9.90 to 10.40%
    Over Rs.75 lakh 9.90 to 10.40%
    TruFixed Plus Loan – 2 & 3 year fixed variant Up to & including Rs.75 lakh 9.95 to 10.45%
    Above Rs.75 lakh to Rs.5 crores 10.05 to 10.55%
    Above Rs.5 crore 10.15 to 10.65%
    TruFixed Plus Loan – 10 year Fixed Variant Up to & including Rs.75 lakh 10.05 to 10.55%
    Above Rs.75 lakh to Rs.5 crores 10.20 to 10.70%
    Above Rs.5 crore 10.30 to 10.80%

    Note: Countries:- The UK, the USA, Singapore, Middle East and other countries

    The rates given above are applicable for the purchase of a new home, resale property purchase and home construction in India by NRI’s residing in the UK, the USA, Singapore, Middle East and other countries.

    HDFC NRI Home Loan – Fees and Charges:

    Processing Charges Rs.2000 or up to 1.25% of loan amount, whichever is higher plus taxes
    Switching from Adjustable Interest Rate options 0.50% of outstanding plus disbursed amount or Rs.50,000 whichever is lower plus taxes
    Delayed Payment Charges Additional interest of up to 24% per annum
    List and photocopy of documents Up to Rs.500 each
    PDC Swap Up to Rs.200
    To increase or decrease loan term Up to Rs.500

    HDFC NRI Housing Loan EMI Calculator:

    Before securing a home loan for the property of your choice, you should assess your affordability. This will ensure that you don’t go overboard with the loan amount and also help you select a property that fits your budget. You don’t have to waste a minute of your precious time by manually calculating the repayment. Instead, you can use an online home loan EMI calculator – you just have to input essential details like loan amount, interest rate, tenure in years and processing charges. In an instant, the EMI calculator will project the amortization details and total interest to be paid towards the loan. You can check if the EMI is affordable and keep varying the parameters till you arrive at a comfortable repayment schedule.

    Features and Benefits of HDFC NRI Home Loan:

    • HDFC offers housing loan for NRIs with very competitive and affordable interest rates and flexible tenures.
    • Customers don’t have to worry about hidden charges and are guaranteed of a transparent loan processing procedure.
    • HDFC Housing Loans for NRIs can be availed for a variety of reasons like purchase of new home, property construction and for purchase of resale property.
    • Loans are extended to people residing in countries like the UK, the US, Singapore and a list of other countries. Also, those employed in the Merchant Navy can avail HDFC NRI Home Loans.
    • Borrowers are offered home loan advisory services in the country that they currently reside.
    • Flexibility to select from floating or fixed interest rates.
    • A maximum tenure of up to 20 years will ensure that the EMI is made affordable.

    HDFC NRI Home Loan FAQ

    1. Am I allowed to make a prepayment of the loan?

      Yes. For prepayment amount up to and including 25% of principal balance for the corresponding financial year, no prepayment charges will be levied. For part-prepayment over 25% of loan amount will attract a charge of 2% of amount being prepaid plus taxes.

    2. Can I convert from TruFixed plus Home Loan to adjustable interest rate option during the period of initial rate of interest?

      Yes. You are offered the flexibility to convert during the fixed tenure by making a payment of an upfront conversion fee of 1.75% of principal outstanding plus the undisbursed amount with additional taxes.

    3. What is the charges for re-appraisal of loan?

      For re-appraisal of loan after 6 months from the date of sanction, customers have to pay a nominal fee of up to Rs.2000 plus additional tax charges.

    4. Can I nominate my friend as a co-applicant?

      No. Co-applicants can only be family members like parents, spouse or children. All proposed owners have to be co-applicants of the property.

    5. What is the maximum loan amount that is offered by HDFC for NRI housing loans?

      For loan amounts up to Rs.75 lakhs, 80% of the property cost is offered as loan. For loan amounts exceeding Rs.75 lakh, 75% of the cost of property is offered as funding. However, the quantum of loan is also based on the market value of property and the applicant’s repayment capacity which will be suitably assessed by HDFC.

    6. Can I avail a tenure of 20 years for my loan?

      Tenure is decided based on the profile of applicant, customer’s age at maturity, age of property at maturity of loan and also on the loan quantum and repayment scheme. However, the maximum tenure is 20 years and a suitable tenure is offered after assessing the above parameters.

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    HDFC NRI Home Loan Reviews

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