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

    We found 46 NRI Home Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.5% - 8.7% Floating
    Up to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.65% - 8.70% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 8.85% Floating
    0.5% (min. ₹11,500) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.60% Floating
    Up to 0.5% (max. ₹11,500) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 10.05% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.70% - 9.25% Floating
    0.50% (min. ₹10,000) + S.T.
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.65% - 11.75% Fixed/Floating
    0.50% (min. ₹10000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.5% - 8.55% Floating
    10,000 + S.T. One time fee
    40L - 5Crs
    1 - 25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.5% - 17% Fixed/Floating
    2% One time fee
    2L - 1Cr
    1-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + S.T. One time fee
    20L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.67% Floating
    1% One time fee
    5L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.10% - 9.89% Floating
    0.5% One time fee
    30L - 5Crs
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria

    NRI Home Loans is Rated as "Great!" by 22169 Users

    Fees & Charges

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    Home Loan BYTES FROM OUR KITCHEN

    NRI Home Loan

    The number of Indians moving abroad for studies, jobs or business opportunities has seen a massive surge in the last couple of decades. Historically, millions of Indians have settled abroad, primarily in North American and European countries. A couple of thousands have also been cashing in on employment opportunities in the Middle East.

    Tagged as NRIs (Non Resident Indians), this category of Indians are people who are domicile citizens of India with an Indian passport and have immigrated to another country for education, employment or any other legal purpose. There is another category of Indians whose ancestry makes them a PIO (Person of Indian Origin), who are not citizens of India. The magnitude of remittances from the NRI community is massive, owing to the number of people working on a long duration assignment abroad. Banks and Financial institutions provide exclusive banking and loan products based on specific requirement of NRIs.

    Leading Indian banks such as ICICI, HDFC, Axis, Kotak and SBI offer tailor made home loan scheme for NRIs at exclusive rates and terms. Financing is extended for a wide range of housing needs which includes purchase of flat/house/plot, construction and towards costs of renovating/repair of an existing home.

    Let us look at three leading players in the home loan sector which provide appealing home loan options for NRIs.

    ICICI Bank NRI Home Loan:

    Country’s largest private sector bank, ICICI extends home finance options to NRIs looking at buying a house, construction, purchasing a plot and for other housing related needs.

    Fees and Charges

    A charge of 0.50 percent of the approved loan amount is deductible as processing fees. Surcharge and prevailing service tax rates are applicable on the processing fee.

    Axis Bank NRI Home Loan:

    As a leading private sector bank in India, Axis offers tailor made home loan schemes for NRIs to help them realis their dream of owning or constructing a house and much more.

    Fees and Charges

    • Axis bank charges up to 1% of the loan amount (minimum of Rs.10,000) as processing fees, towards handling documentation.
    • No prepayment penalty is levied on home loans based on floating interest rates. A fee of 2% of the outstanding balance plus service tax is applicable for prepayment of home loans based on fixed rates.

    State Bank of India NRI Home Loan:

    A banking mammoth, SBI is India’s biggest institution operating in the banking domain. True to its size, the bank offers a plethora of home loan options to NRIs based on specific needs such as purchase, construction and renovation.

    Fees and Charges

    Processing fee
    • Loan amount of up to 25 lacs: 0.25 percent, subject to a minimum of Rs.1,000.
    • From 25 lacs to 75 lacs: Rs.6,500. 75 lacs and above: Rs.10,000.

    Other pre and post sanction charges applicable on case to case basis. No prepayment penalty is levied on early closure of the home loan account.

    NRI Home Loan FAQ

    1. What are different types of housing loans available for NRI’s in India?

      Depending on the bank you’re applying with, financing is available for construction, purchase and renovation of a house or a flat. Loans are also available for purchasing land for residential use that should not be agricultural or farm land.

    2. Can I introduce a co applicant to enhance my loan amount? I am an NRI looking for buying a house in India.

      Most of the banks allow co applicants who by default becomes the co borrower. Some banks even make it mandatory to introduce a co applicant. They can be your spouse or immediate family members.

    3. Is foreclosure allowed? Will there be a penalty?

      NRI Home Loans can be foreclosed before the expiration of the original loan tenure. Penalty will be charged anywhere between 1 to 3% of the outstanding loan amount. Some banks do not charge a penalty for foreclosure. You can negotiate the charges at the time of application.

    4. I took a home loan from a reputed bank under their scheme for NRIs. Am I allowed to switch between fixed and floating interest rates during the loan tenure?

      Please inquire with the bank for more information. Most of the banks do offer the option of switching between fixed and floating that may come with a fee charged on the outstanding amount.

    5. Who is a Guarantor?

      A guarantor is a person who signs up as one who will stand as a surety. Most of the banks in India require a guarantor depending on the loan amount.

    News about NRI Home Loan

    • NRI Home Buyers In Store for New Financing Options

      Apart from the regulations for the kind of real estate that can be purchased by NRIs in India, the mode via which the purchase of the properties can be financed have been brought into light. When NRIs decide to but a property in the country, there are a number of regulations to deal with. For instance, if a property is purchased in India, it can only be financed through banking channels. Individuals will have to apply for a loan to a financial institutions to finance the property. The emittances, however, for EMIs, can be made from outside the country, but has to be through an accepted banking channels.

      18th April 2017

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  • NRI Home Loan Reviews

    • SBI Home Loan
      "Trsutworthy and Reliable"
      0.5 5.0/5 "Blown Away!"
      I took the home loan with the State bank of India and I got the loan amount with them because of trust. Its the nationalized bank and that's the major thing made me to went ahead with them. Within two to three weeks of time, I got the home loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar was good and on time and the experience was also hassle free, because all I had to do was to register my details and once I did I started to receive calls and the team processed my information to the banks. It was nice to get connected to a bank without any difficulty.
      Was this review helpful? 0
      , indore
      Reviewed on May 19, 2017
    • HDFC Limited Home Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      It was a on time process for me at HDFC Ltd. The team processed my details on time and the disbursement for the home loan also happened on time. They were nominal on the rate of interest and processing charges. I got a rate around 9% and in all a satisfying experience.
      Was this review helpful? 0
      , indore
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Average"
      0.5 2.0/5 "Expected more"
      After me applying online at Bankbazaar I was contacted on time and I was informed of the banks I was eligible for. It was a simple process and easy to register as well. The team followed up as well, it would have been better if the voucher was provided as promised.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2017
    • HDFC Limited Home Loan
      "Overall good process"
      0.5 4.0/5 "Great!"
      It was overall a good experience with HDFC LTD for the home loan. But there was a bit of a delay during the process. The whole thing was completed within one month. The rate of interest was nominal. It was around 9% and the processing charges were normal too. It was in line with the market rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar services was pretty much decent. I received a proper response and they were supportive as well in giving me the details. The team was in constantly in touch and they kept tracking my application. I also like the website it is user friendly and helpful.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • SBI Home Loan
      "Convenient process"
      0.5 5.0/5 "Blown Away!"
      It was a excellent experience with State Bank of India for the home loan. The process was on time and I also got a good deal as well. The disbursement was on the date I needed it and the after loan services has been smooth too. The rate of interest was around 9% and I am comfortable with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • UCO Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had a home loan experience with UCO bank for about past 5 years. I am happy with the loan amount. The tenure for this loan is for 10 years. The rate of interest is 8.6% which is nominal with UCO bank. Overall the home loan service with UCO is really good.
      Was this review helpful? 0
      , jamnagar
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Good financial service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar gave me good follow up on the loan application and they are in touch till my home loan gets completed, I am using Bank Bazaar site around two years, I had taken Health insurance through them previously and this time it was a housing loan and it was a pleasant journey althrough.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Axis Bank Home Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      AXIS process is good, they had done a very good job, Only from my end there was a delay because I am not aware about the balance transfer process, that I should have taken a DD, if Axis would have inform earlier that would have been great. AXIS offered an interest rate of 8.5% which is simply great.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Great Experience"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is too good, it was once I had placed a request for the home loan. They were ready to help me on that process and I got Amazon voucher from Bank Bazaar as they promised. I am 100% satisfied with their service, Thanks to Bank Bazaar, as I had a fanstastic experience upon availing this loan.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Punjab National Bank Home Loan
      "Overall service is good"
      0.5 4.0/5 "Great!"
      In short, PNB Housing service is really good, I had taken amount of Rs.38 lakhs for the tenure of 20 years, PNB offered me the least interest of Rs.8.5% which is floating. My EMI amount is 34,000. The loan process got delay but I got better offer from them, Hence I am very happy with their service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Great Experience"
      0.5 4.0/5 "Great!"
      I am very much happy with Bank Bazaar, Before the loan was disbursed I got follow up calls they were continuously touch me to get the loan. Once the money got disbursement. I received the congratulation message from Bank Bazaar they asked me to reply back, when I replied for that message there is no response. I wish Bank Bazaar should give response after the post process of the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • ICICI Bank Home Loan
      "Hassle Free Experience"
      0.5 5.0/5 "Blown Away!"
      I had done some research about the interest rate with other banks but I found ICICI rate as the best. I am happy with ICICI disbursement, I am going to construct an independent house, based on the property they have disbursed 60% of loan for plot, remaining 40% would be released for construction. To summarize, I am completely fine with ICICI process.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • Bank Bazaar Customer Support
      "Surprisingly easy and well-researched"
      0.5 5.0/5 "Blown Away!"
      I was surprised to see the improvements made by Bank Bazaar. Applying for a home loan transfer can never get easier than this. User interface is also very clean and uncluttered. One place to compare all financial offerings by different providers at your convenient time and place. This is definitely going to save you a lot of time and running around. Also it encourages you to be an informed customer rather than a misguided customer. Overall great experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • HDFC Limited Home Loan
      "Below average"
      0.5 1.0/5 "Really Bad"
      The rate of interest levied was around 8.5% for the home loan with the HDFC limited , also I expected that should be get reduced. Overall , my experience is very much satisfactory. Processing charges were huge with them and the loan amount got disbursed during the month of May.
      Was this review helpful? 0
      , pune
      Reviewed on May 18, 2017
    • Bank Bazaar Customer Support
      "One Stop solution for all Financial products"
      0.5 4.0/5 "Great!"
      Bank Bazaar initial process is very good, they have called me on time and gave the options on loan products. I am using Bank Bazaar website more than three months its quite enough. If its great, Bank Bazaar take initiative after processing the application to the bank and website should be updated much to make better experience.
      Was this review helpful? 1
      , chennai
      Reviewed on May 18, 2017
    • SBI Home Loan
      "Good Experience with SBI"
      0.5 3.0/5 "Satisfactory"
      SBI is one of the largest bank in India, whatever the loan we take they give transparent information they wont take any hidden charges. I have taken the home loan of Rs.25 lakhs with the tenure of five years without processing fee. SBI charged 8.5% of interest it is nominal as per the market.
      Was this review helpful? 1
      , chennai
      Reviewed on May 18, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      Bankbazaar people gave good response for my loan request. They provided a very good service as well. Actually they made my work easy and comfortable. Their website is so simple to navigate and it was helpful to get the details for the loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • HDFC Limited Home Loan
      "Better Service"
      0.5 3.5/5 "Pretty good"
      I had taken a housing loan from HDFC Ltd. Interest rate is something equal to the market value so I am satisfied with that. The process went good without any hurdles but in the initial stage they provided a very good service, later on I had to followup with them for the process. Customer support was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
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