Eligible Profiles: Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) holding valid Indian passports or foreign passports with PIO/OCI cards.
Age: Minimum age is usually 18–24 years; maximum is 55–70 years or retirement age at loan maturity, depending on the lender.
Income: Minimum monthly income requirements vary by country:
- GCC countries: AED 6,000–7,000 or equivalent.
- USA/other countries: USD 3,000–3,500 or equivalent.
- Merchant Navy: USD 2,500 or equivalent with 9 months’ Continuous Discharge Certificate (CDC).
Work Experience: Typically, 6 months of overseas work experience and 2–3 years of total work experience. Salaried and self-employed individuals/business owners are eligible.
Credit Score: A score of 750 or above improves approval chances and may secure lower interest rates.
Additional Criteria: Some lenders require a local co-applicant (resident Indian) or Power of Attorney (POA) holder in India.

Eligible Properties:
- Purchase of flats, row houses, bungalows, or resale homes from private developers or development authorities (e.g., DDA, MHADA).
- Construction on freehold/leasehold plots or plots allotted by development authorities.
- Renovation, extension, or improvement of existing residential properties.
- Purchase of plots (sometimes limited to composite loans where construction is planned).
Ineligible Properties: Agricultural land, plantations, and farmhouses are not permitted under FEMA regulations for NRIs.

Range: Starting from 6.75%–8.50% p.a. for floating rates; fixed rates may be higher. Rates depend on the borrower’s credit profile, loan amount, tenure, and lender policies.
Comparison to Resident Loans: NRI home loans often carry slightly higher interest rates due to perceived higher risk (e.g., currency fluctuations, overseas employment).
Concessions: Some lenders offer 0.05%–0.25% discounts for women applicants or high credit scores.

Loan Amount: Typically 75%–90% of the property value (Loan-to-Value ratio), subject to the borrower’s repayment capacity and property valuation. Minimum loans start at ₹3–15 lakh; maximums can reach ₹5–200 crore, depending on the lender.
Tenure: Up to 15–30 years, though some lenders cap NRI loans at 20 years due to higher repayment capacity assumptions. Tenure depends on age, income, and property type.
LTV Caps: RBI guidelines limit LTV ratios, and final ratios are determined after credit risk assessment.

Identity and Residency:
- Valid Indian passport and visa/work permit.
- PIO/OCI card (if applicable).
- Overseas address proof (e.g., utility bill, driving license, bank statement).
- PAN card or Form 60.
Income Proof:
- Salaried: Latest salary slips, employment contract, employer-issued ID, last 6–12 months’ bank statements, and last 1–2 years’ tax returns (not mandatory for Middle East or Merchant Navy in some cases).
- Self-employed: Last 2–3 years’ audited balance sheets, profit & loss accounts, and tax returns.
- Merchant Navy: Continuous Discharge Certificate (CDC) for 3 years.
Property Documents: Sale agreement, title deeds, approved plans, or construction estimates (as applicable).
Other Documents:
- Power of Attorney (POA) in the lender’s format, attested by the Indian Embassy/consulate or notary (if the applicant is abroad).
- Credit bureau report from the country of residence (mandatory for some countries like the USA, UK, UAE).
Additional Notes: Documents in foreign languages require English translations attested by the embassy. Lenders may request extra documents on a case-by-case basis.

Requirement: Most lenders require a POA to facilitate loan processing, document execution, and disbursal if the NRI is not in India. The POA holder (often a resident Indian relative or co-applicant) must be appointed via a notarized document attested by the Indian Embassy, consulate, or authorized bank official.
Exceptions: Some lenders, like ICICI Bank, allow digital applications and disbursal without a physical visit, reducing POA dependency for salaried NRIs.
Limitations: The POA holder cannot be the spouse in some cases, and not all lenders allow the POA to be a non-co-applicant.

Yes: Many lenders offer online application platforms (e.g., ICICI’s Express Home Loan, HDFC’s portal) for NRIs to apply digitally. Documents can be uploaded, and sanction letters issued without a visit. Disbursal can occur via a POA holder.
Offline Process: Requires physical presence in India for signing and submitting documents, which may be impractical.
Hybrid Options: Some banks allow initial online applications but require attested documents to be couriered or submitted by the POA holder.

Eligibility: NRIs filing income tax returns in India can claim:
- Interest Deduction: Up to ₹2 lakh on interest payments if the property is vacant; full interest if rented out (under Section 24).
- Principal Deduction: Up to ₹1.5 lakh on principal repayments (under Section 80C).
- Additional Deduction: Up to ₹50,000 under Section 80EE for first-time homebuyers (subject to conditions).
Conditions: Benefits apply only if the NRI has taxable income in India and files returns. Deductions are similar to those for resident Indians.

Channels: Repayments must be made through:
- Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts in India.
- Direct international remittances from overseas bank accounts.
Restrictions: Repayments cannot be made from resident Indian accounts or other sources, per RBI and FEMA regulations.
Auto-Debit: Many lenders offer standing instructions for EMI auto-debit from NRE/NRO accounts.
Prepayment: Allowed without penalty for floating-rate loans; fixed-rate loans may incur prepayment charges (varies by lender). Prepayments must also come from NRE/NRO accounts or overseas remittances.

Processing Fees: 0.25%–2% of the loan amount (e.g., ₹3,000–₹10,000 or higher, plus GST). Varies by lender and credit profile.
Prepayment Charges: None for floating-rate loans (per RBI guidelines); fixed-rate loans may have charges (lender-specific).
Other Fees:
- CERSAI registration: ₹50–₹100 + GST.
- Property insurance premium (if required).
- Legal/technical valuation fees.
Transparency: Some lenders, like DBS Treasures, emphasize upfront disclosure of all charges.

Yes: Balance transfer is available to move an existing home loan to another lender for lower interest rates or better terms. Requires 12–18 months of regular repayments and submission of the existing loan’s sanction letter and ::contentReference[oaicite:0]{index=0}.