Financial AssistanceExpert Guidance for
Expert Guidance for
NRI Home Loans
If you are a NRI, acquiring a home loan in India can be a complicated and confusing process. At Falcon Realty, we simplify the journey by providing clear information and professional support throughout the acquisition process.
Qualifications
Who Qualifies for NRI Housing Loans?
Indian citizens residing abroad for employment or business purposes.
Government servants posted abroad with Indian missions.
Officials deputed abroad with foreign governments or agencies (World Bank, IMF, WHO).
State Government or PSU officials on temporary assignments abroad.
Home loans are available for construction of new houses, purchase of old properties, additions, alterations, and repairs.
Loan Terms
Eligibility Criteria & Overview
Interest rates for NRIs are typically 0.25%—0.50% higher compared to resident Indians. Eligibility is also affected by the number of dependents, assets, and liabilities. Applicants must meet minimum criteria regarding age, qualifications, income stability, and flexible repayment terms.
Regulations
RBI Directives & Funding Limits
Maximum Funding
Loan amount should not exceed 85% of dwelling cost; remaining 15% must be own contribution via standard banking channels.
Repayment Norms
EMIs must be routed through NRE/NRO accounts only under FEMA norms. Most HFCs consider NRI loan feasibility favorable.
Loan Range
Eligible loan amounts typically range from ₹5 lakhs to ₹1 crore, depending on repayment capacity and property cost.
Requirements
Documentation Required
Required documents differ significantly from resident Indians. NRIs also need passport copies, work contracts, and crucially, a Power of Attorney (POA).
Personal Identification
- • Passport & Valid Visa Copy
- • Appointment Letter / Employment Contract
- • Salary Certificate in English (for Middle East)
- • Salary Slips & Employment Contract
- • PIO Card (for PIO applicants)
Financial & Property
- • Title Deeds (Last 13 Years)
- • Encumbrance Certificate
- • Sale Agreements & Payment Receipts
- • Approved Plans & Clearance Orders
- • Audited Income Documents (Self-Employed)