Non-Resident Indians (NRIs) can generally obtain home loans in India for up to 75% to 90% of the property value, with loans available for as high as ₹5 Crore or more depending on eligibility and lender policies. The maximum loan amount is determined by repayment capacity, income, credit score, and property location.
As an NRI, you may be holding Non-Resident External (NRE) fixed deposits/Non-Resident Ordinary (NRO) fixed deposits/Foreign Currency Non-Resident Bank (FCNR (B)) fixed deposits. You can readily avail an NRI loan against fixed deposits.
US Persons can also avail a Non-resident Indian (NRI) Home Loan or a NRI Loan Against Property (LAP) subject to the repayment of the loan from the income generated in India.
On the other hand, an NRI home loan caters to non-resident Indians who hold valid Indian passports but are living abroad. The maximum tenure for a home loan for Indian residents is generally up to 20 years. In contrast, the tenure for an NRI home loan typically ranges from 5 to 15 years.
The maximum loan amount for NRI home loans is typically up to 80-90% of the property value, subject to the lender's assessment of your repayment capacity and other factors.
New rules for NRIs in India focus on stricter tax residency criteria from April 2026, increasing the stay threshold to 120 days for high-income NRIs (over ₹15 lakh Indian income) to become Resident but Not Ordinarily Resident (RNOR) and introducing "deemed residency" for high-income Indians in tax havens; also, higher TCS thresholds for LRS remittances (to ₹10L) and removal of TCS for education loans are recent changes from Budget 2025-26, alongside increased reporting of foreign assets.
Which is the best bank for NRI accounts in India? The best bank for an NRI account depends on your requirements. Some top options to consider include SBI, HSBC, HDFC, ICICI, Axis Bank, and Yes Bank. Additionally, DBS Bank and IDFC Bank offer competitive interest rates and minimum balance requirements.
The Reserve Bank of India (RBI) governs such transactions through the FEMA (Foreign Exchange Management Act). NRIs can repatriate up to $1 million per financial year from India, including proceeds from the sale of property.
Buying property in India as an NRI can be a rewarding investment when done right. You can reap the benefits of your Indian real estate without hassle. How? With the right research, legal checks, and smart use of your NRI banking facilities.
As an NRI, you can get an in-principle approval on your home loan through our online portal.
Yes, you can get a 0% interest loan, commonly found as promotional offers for cars, furniture, or credit cards, but they usually have strict terms like a high credit score requirement and a limited time period, with high retroactive interest or fees if you miss payments or don't pay in full by the deadline. True 0% APR loans are different from "deferred interest" offers where all accrued interest is charged if the balance isn't cleared by the end of the promo. Always read the fine print for details on fees, timelines, and what happens if you're late.
As per NRI Foreign Currency Rules in India NRIs can carry up to US $5,000 in cash and US $10,000, including cash, traveler's cheque, etc. Anything above this limit must be declared before the customs department upon arrival. If the cash is in Indian currency, then only up to Rs 25,000 is allowed.
Based on a monthly salary of ₹70000 and assuming no existing financial obligations (like ongoing EMIs or outstanding credit card dues), you may be eligible for a home loan amount of approximately ₹34.51 lakhs. The interest rate could range between *9.25% and 15% or higher, with a loan tenure of up to 180 months.
Documents Required for Home Loan of Rs. 2 Crore
EMI per Lakh values for a 35,00,000 Home Loan at different tenures and an 9% interest rate: 5-year tenure: ₹2,075 per Lakh. 10-year tenure: ₹1,271 per Lakh. 20-year tenure: ₹900 per Lakh.
If you want to apply for a personal loan , the greatest time to do so is when terms favour you most, such as low or no interest rates, low or no processing costs, etc. You should be able to acquire enough money from the lender to cover your expenses, and the loan itself should cost as little as possible.
Maximum marginal rate is the highest rate of tax at any income level. This means for those with incomes between Rs 2 crore and Rs 5 crore, 39% will be the highest applicable tax rate, and for those with incomes above Rs 5 crore, it will be 42.74% — the highest tax rate since 1992.
The "90-day rule" for non-residents typically refers to two different concepts: in U.S. immigration, it's a guideline for determining if a non-immigrant misrepresented their intent by engaging in certain activities (like unauthorized work or immediate marriage) within 90 days of arrival, leading to visa fraud or inadmissibility. In Canadian tax law, the 90% rule allows non-residents to claim full federal tax credits if 90% or more of their world income is from Canadian sources, otherwise, credits are prorated.
Once you determine your residential status in any Financial Year as an NRI and your income in India (before considering deductions and exemptions) exceeds the basic threshold limits, you are liable to pay taxes. NRIs are only taxed on income earned and accrued or received in India.