NRI Home Loan in India (2026): Eligibility, Documents and How Repayment Works

Quick answer: NRIs and OCI cardholders can take a home loan from Indian banks to buy a flat in India. Banks usually ask for 2 or more years of work abroad, a steady income and a good credit history.

The same RBI loan limits apply as for residents, so expect to pay 20% to 25% as down payment on most Hyderabad flats. EMIs are paid in rupees from your NRE or NRO account or by remittance from abroad.

Why read this, and how it helps you

Buying from abroad is easier than most NRIs think. This guide covers what banks look for, the papers you need and how to run the loan without flying home.

Who is eligible?

• Status: NRIs and OCI cardholders.
• Work abroad: usually 2 years for salaried applicants and 3 years for the self-employed, depending on the bank.
• Age: loans usually need to be repaid by about 60 to 65.
• Income: banks set a minimum income in foreign-currency terms, which varies by country and bank.
• Co-applicant: a resident family member, often a spouse or parent, can join to raise eligibility.

How much can you borrow?

The RBI's loan-to-value limits apply: up to 90% for loans up to ₹30 lakh, 80% for ₹30 to ₹75 lakh, and 75% above ₹75 lakh. Some banks lend a little less to NRIs. Tenures are usually up to 15 to 20 years, and some lenders go longer depending on your age. Use our EMI calculator to plan.

Documents you will need

• Passport with valid visa or work permit, and OCI card if applicable
• PAN card
• Overseas address proof
• Salaried: recent salary slips, employment contract and 6 to 12 months of overseas bank statements
• Self-employed: 2 to 3 years of business financials and bank statements
• NRE or NRO account statements
• Property papers: allotment letter, agreement for sale and approved plan
• Credit report (an overseas credit report may also be asked for)

Some banks want documents attested by the Indian embassy or consulate, or by their overseas branch.

Power of attorney

A power of attorney (PoA) lets a trusted person in India sign papers, attend registration and deal with the bank for you. It is usually signed and attested at the Indian embassy or consulate, then adjudicated (stamped) in India. Keep it limited to the specific purchase.

How repayment works

• EMIs are paid in Indian rupees.
• You can pay from an NRE or NRO account, through remittances from abroad, or from rent earned in India.
• Floating-rate loans can be prepaid without a penalty.

Tax points in brief

If you have taxable income in India, such as rent, you may be able to claim interest under Section 24(b) and principal under Section 80C under the old tax regime. Speak to a CA, especially about tax in your country of residence.

Next steps

Read the full NRI guide to buying property in Hyderabad, check stamp duty and registration, and ask our team for a video walkthrough of any project.

General information, not financial or tax advice. Terms vary by bank.

Frequently asked questions

Can an NRI get a home loan in India? Yes. NRIs and OCI cardholders can get home loans from Indian banks and housing finance companies to buy residential property.

Can I repay my NRI home loan in foreign currency? EMIs are paid in rupees. You fund them from your NRE or NRO account, from remittances abroad, or from rental income in India.

Do I need to come to India to take the loan? Not always. Many banks let you sign at their overseas branch or through a power of attorney given to someone in India.

How much down payment does an NRI need? Usually 20% to 25% of the price on most Hyderabad flats, plus stamp duty, registration and GST where applicable.