info@logintoloans.com +91 8885545255

Logintoloans Assistant

Enter Pincode

Personal Details

Key Features of DBS Treasures NRI Home Loan

  • Flexible Property Options: The loan can be used to purchase a variety of properties, including new, resale, or under-construction properties in major Indian cities such as Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata. It also supports home renovations, extensions, or refinancing existing high-cost home loans through a balance transfer facility.
  • Competitive Interest Rates: Interest rates range from 8% to 9% p.a. for NRIs, with options for both fixed and floating rates. Fixed rates remain constant, aiding financial planning, while floating rates are linked to the RBI’s Repo-Linked Lending Rate (RLLR), which may fluctuate based on policy changes. Discounted rates may be available for pre-approved borrowers or during festive offers, making it one of the more competitive offerings in the market. Rates are tailored based on loan amount, borrower’s income, and credit profile, ensuring personalized pricing.
  • Pre-Approval Facility: NRIs can obtain in-principle loan approval before selecting a property, helping set a clear budget and strengthening negotiations with sellers. This feature simplifies the home-buying process, especially for those managing transactions from abroad.
Credit Card Promotion
    • Convenient EMI Repayment: EMIs can be auto-debited from a DBS Treasures NRE or NRO Savings Account, eliminating the need for post-dated cheques and simplifying payments for NRIs living overseas. Flexible repayment tenures of up to 25 years allow for lower EMIs, making the loan more affordable over time.
    • Loan Amount Flexibility: The sanctioned loan amount depends on the borrower’s repayment capacity, income, credit history, and the property’s location. Up to 80% of the property value can be financed, subject to eligibility. While specific minimum and maximum loan amounts are not publicly disclosed, they are customized based on individual financial profiles and city-specific parameters.
    • Balance Transfer Option: NRIs can transfer existing high-cost home loans to DBS Treasures to benefit from lower interest rates and reduced EMIs. The process is supported by dedicated home loan specialists, with processing fees capped at INR 10,000 plus taxes. Top-up loans are available post-transfer for additional funding needs.
    • Transparent Pricing: DBS emphasizes transparency, with all charges (e.g., processing fees, taxes) disclosed upfront during the loan quote. There are no hidden fees for balance transfers or loan processing.
    • Joint Loan Option: NRIs can apply for a joint loan with immediate family members (spouse, parents, or children) as co-applicants, potentially increasing loan eligibility and simplifying repayment. A local co-applicant or Power of Attorney may be required if the NRI cannot process the loan in person, ensuring compliance with Indian regulations.
    • Hassle-Free Application Process: The loan application can be initiated online via the DBS Treasures website, reducing paperwork and enabling quick submission from anywhere in the world. Loans are typically sanctioned within 15 days, provided all required documents are submitted. Dedicated Relationship Managers and mortgage specialists assist throughout the process, ensuring smooth processing and personalized support.
    • Tax Benefits: NRIs can avail of income tax benefits under Section 80C (principal repayment) and Section 24 (interest repayment) of the Indian Income Tax Act, similar to resident Indians, subject to applicable conditions.
    • Integration with NRI Banking Services: The loan integrates seamlessly with DBS Treasures’ premium NRI banking services, such as NRE/NRO savings accounts, fixed deposits, and remittance services, offering a holistic financial management solution. Preferential exchange rates for foreign currency deposits and repatriation flexibility (up to USD 1 million per year from NRO accounts, post-tax) enhance the overall banking experience.
Who We Are

Benefits of DBS Treasures NRI Home Loan

  • Competitive Interest Rates: Interest rates range from 8% to 9% per annum, among the most competitive for NRIs in India. Borrowers can choose between fixed rates (stable EMIs for predictable budgeting) or floating rates (linked to RBI’s Repo-Linked Lending Rate, potentially lower during favorable economic conditions). Special discounts or promotional rates may apply during festive seasons or for pre-approved borrowers, reducing the overall cost of borrowing.
  • Flexible Loan Purposes: The loan supports a variety of property-related needs, including purchasing new or resale homes, under-construction properties, home renovations, extensions, or plot purchases in major cities like Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. It also allows refinancing of existing high-cost home loans through a balance transfer facility, helping NRIs save on interest and lower EMIs.
  • High Loan-to-Value Ratio: NRIs can finance up to 80% of the property’s value, depending on eligibility, income, credit profile, and property location. This reduces the upfront financial burden, making homeownership more accessible.
    • Pre-Approval Facility: NRIs can secure in-principle loan approval before selecting a property, providing clarity on their budget and strengthening their position in negotiations. Ideal for managing remote transactions.
    • Long and Flexible Repayment Tenure: Loan tenures extend up to 25 years, supporting long-term financial goals with smaller, manageable EMIs that balance overseas and Indian commitments.
    • Seamless EMI Payments: EMIs can be auto-debited from DBS Treasures NRE/NRO accounts, ensuring timely repayments without the need for post-dated cheques or manual efforts.
    • Balance Transfer and Top-Up Facility: Transfer high-interest home loans from other banks to DBS Treasures for lower EMIs. Processing fee capped at INR 10,000 + taxes. Top-up loan option available post-transfer.
    • Tax Benefits: NRIs can avail up to ₹1.5 lakh deduction on principal (Section 80C) and up to ₹2 lakh on interest (Section 24). No limit on interest deduction for rented properties.
    • Hassle-Free Application Process: Apply online from anywhere globally. Quick approval (typically within 15 days) with minimal paperwork and dedicated mortgage specialists for personalized assistance.
    • Joint Loan Flexibility: Apply jointly with family members to enhance eligibility. A local co-applicant or POA ensures smooth processing even without the NRI’s physical presence in India.
    • Integration with Premium Banking Services: Enjoy access to high-yield NRE/NRO accounts, fixed deposits, investment tools, preferential FX rates, and lifestyle perks under the DBS Treasures ecosystem.
    • Transparent Pricing: All fees and charges are disclosed upfront with no hidden costs, ensuring trust and informed financial planning.
    • Repatriation Flexibility: Up to USD 1 million/year can be repatriated from NRO accounts (post-tax). DTAA benefits help reduce tax on interest earned in India.
    • Digital Convenience: Online portal and mobile app provide 24/7 access to loan status, EMI tracking, and tools like loan eligibility calculators.
    • Dedicated Support for NRIs: Personal Relationship Manager and 24/7 customer service ensure seamless assistance across time zones, from application to loan closure.
Check Best Gold Loan Offers

How to Apply for DBS Treasures NRI Home Loan

  • Step 1: Research and Planning
    - Visit the DBS Treasures official website: https://www.dbs.com/in/treasures/nri-banking.
    - Understand key features: interest rates (8%–9%), up to 25 years tenure, and financing up to 80% of property value.
    - Use the Eligibility Calculator to estimate your loan and EMI based on income and credit profile.
  • Step 2: Open a DBS Treasures NRE/NRO Account
    - Required for EMI payments and integration.
    - Submit passport, visa/work permit, proof of address, and income documents.
    - Maintain an initial Total Relationship Value (TRV) of ₹5 lakh, to be built to ₹30 lakh in 6 months.
  • Step 3: Apply for Pre-Approval (Optional)
    - Log in to the DBS portal or contact a Relationship Manager.
    - Provide preliminary income and employment details.
    - Receive a pre-approval letter to assist with property negotiations.
  • Step 4: Complete the Online Application
    - Navigate to “Apply Now” or “Get a Quote” section on the DBS Treasures website.
    - Fill in personal, employment, loan, and property details.
    - Upload scanned documents or share with your Relationship Manager.
  • Step 5: Submit Required Documents
    - Identity: Passport, visa/residence permit
    - Income Proof: Salary slips, tax returns, employment contract
    - Property: Sale deed, building plan, NOC, tax receipts
    - For balance transfer: Previous loan sanction letter and repayment proof
    - Mode: Upload digitally or share with RM via email/courier.
  • Step 6: Loan Processing and Verification
    - DBS reviews your documents and credit history.
    - Property legal and technical valuation is conducted.
    - Processing time: Typically 15 days, subject to complete documentation.
  • Step 7: Loan Approval and Offer
    - Sanction letter is issued with details like loan amount, tenure, EMI schedule, and terms.
    - Review and confirm acceptance through your Relationship Manager.
  • Step 8: Set Up EMI Payments
    - Link your DBS NRE/NRO account for auto-debit of EMIs.
    - First EMI starts 1–2 months post disbursement as per agreement.
  • Step 9: Loan Disbursement
    - Sign loan agreement and submit pending documents.
    - Disbursement is done directly to the seller/lender/contractor depending on purpose.
    - Typically completed within a few days post agreement.
  • Step 10: Post-Disbursement Support
    - Track loan status, EMIs, and balance on DBS portal/app.
    - Avail tax benefits under Sections 80C and 24 of the Income Tax Act.
    - Reach out to customer support at 8885545255 for assistance.

Eligibility Criteria for DBS Treasures NRI Home Loan

  • Nationality and Residency Status: Applicant must be a Non-Resident Indian (NRI) holding a valid Indian passport. PIOs or OCIs may not be eligible unless explicitly confirmed by DBS.
  • Age: Minimum age: 21 years; Maximum age: 60 years or up to retirement age, whichever is earlier. Loan tenure is adjusted based on age.
  • Employment and Work Experience: Minimum 2 years of continuous employment or self-employment abroad with a valid job contract or work permit.
  • Income Stability and Repayment Capacity: Must have a steady, verifiable income sufficient to cover EMIs. Salaried NRIs need salary slips and bank statements; self-employed NRIs require audited financials or tax returns.
  • Credit Profile: Good credit history is essential. DBS considers credit reports from India (e.g., CIBIL) and abroad. A strong score improves approval chances and loan terms.
  • Total Relationship Value (TRV): Must maintain a minimum TRV of ₹5 lakh while opening a DBS Treasures NRE/NRO account and grow it to ₹30 lakh within 6 months. TRV includes deposits, investments, and part of home loans.
  • Co-Applicant or Power of Attorney (PoA): Co-applicants (spouse, parents, children) can help enhance eligibility. A PoA holder is required if the applicant cannot be present in India for loan processing.
  • Property Eligibility: Property must be in DBS-approved cities like Mumbai, Delhi, Bengaluru, etc., with clear title, legal approvals, and free from disputes. New, resale, under-construction, or renovation properties are eligible.
  • Loan Amount Eligibility: Determined based on income, job stability, existing obligations, and property value. Higher income and lower liabilities increase loan eligibility.
  • Currency of Income: Income must be in convertible foreign currency. Salary credits in local currency of the NRI’s country of residence are also accepted if routed through NRE/NRO accounts.
  • Banking Relationship with DBS: Preference is given to applicants maintaining active accounts or investment relationships with DBS Treasures.
  • Legal Compliance: Applicants must comply with all FEMA (Foreign Exchange Management Act) guidelines and KYC norms applicable to NRI customers.
  • Documentation Readiness: Timely submission of required documents like passport, visa, salary/income proof, property documents, and POA is necessary for loan processing and approval.
  • Minimum Net Monthly Income: Applicants may be required to have a minimum net monthly income (varies by country of residence) to qualify for a home loan.
  • Loan Purpose Restrictions: The loan must be used strictly for approved residential purposes like purchase, construction, or renovation—not for commercial or speculative use.
  • Country of Residence: Applicants from sanctioned or high-risk countries may not be eligible. DBS may prioritize NRIs from countries with active DBS banking presence or stable regulatory environments.
Check Best Gold Loan Offers

Documents Required for DBS Treasures NRI Home Loan

  • Identity and Residency Proof:
    • Passport (all pages) – valid Indian passport for NRI status confirmation
    • Valid work visa/residence permit (work visa, employment visa, PR card)
    • Overseas address proof – utility bill, rental agreement, or bank statement (not older than 3 months)
    • Indian address proof – Aadhaar card, voter ID (if applicable)
  • Co-Applicant and PoA Documents (if applicable):
    • Same identity/address proofs for NRI co-applicants
    • For resident Indian co-applicants: Passport, Aadhaar, PAN, or voter ID
    • Power of Attorney (PoA): Notarized/attested PoA, passport, Aadhaar, or PAN of PoA holder
  • Income Proof:
    • For Salaried NRIs:
      • Latest 2 years' ITRs (or 1 year if with same employer for 2+ years)
      • HR letter with designation, salary, contact, and joining date
      • Appointment/Employment contract (if <1 year in job)
      • Last 3–6 months’ salary slips
      • Last 6 months’ overseas bank statements (salary credit)
    • For Self-Employed NRIs:
      • Latest 2 years’ ITRs or audited business financials
      • Business registration proof (license, partnership deed)
      • 6–12 months’ business/personal bank statements
    • Note: Alternate income proof accepted in Gulf countries; translations may be required
  • Property Documents (if finalized):
    • Sale Agreement/Sale Deed (draft/final)
    • No Objection Certificate (NOC) from society or builder
    • Clear Title Deed
    • Approved Building Plan
    • Latest Property Tax Receipts
    • Encumbrance Certificate (13 years)
    • Occupancy Certificate (for completed property)
    • Builder documents: agreement, payment schedule, approvals (for under-construction)
    • Estimate and permission (for renovation/extension)
  • Other Mandatory Documents:
    • Recent passport-size photos (applicant/co-applicant, signed across)
    • Processing fee cheque (in favor of DBS Bank India Ltd.)
    • Proof of own contribution (e.g., 20% of property value)
    • Duly filled and signed application form
    • PAN card of applicant and co-applicant

Factors Affecting DBS Treasures NRI Home Loan Approval

  • Nationality and Residency Status: Applicant must be an NRI with a valid Indian passport. PIOs/OCIs may not qualify unless specifically allowed by DBS.
  • Age: Applicant must be between 21 and 60 years (or retirement age, whichever is lower).
  • Credit Profile: A good CIBIL or overseas credit score improves chances and lowers interest rates (8%–9%).
  • Co-Applicant Status: Including a financially stable co-applicant increases loan eligibility.
  • Income Stability and Amount: A steady, verifiable income is mandatory. EMIs should be 50%–60% of monthly income.
  • Employment Duration: Minimum of 2 years of overseas employment with valid proof.
  • Country of Employment: NRIs from stable economies face less scrutiny; documentation varies.
  • Location: Property must be in DBS-approved Indian cities like Mumbai, Bengaluru, etc.
  • Property Type and Status: Must be eligible types (new/resale/under-construction).
  • Legal and Technical Compliance: Requires clear titles, NOCs, sanctioned plans, and encumbrance certificates.
  • Property Value: DBS funds up to 80% of the independently assessed market value.
  • Total Relationship Value (TRV): TRV of ₹5 lakh at account opening, rising to ₹30 lakh in 6 months.
  • Own Contribution: Minimum 20% of the property’s cost must be funded by the applicant.
  • Existing Liabilities: Existing EMIs or credit dues reduce loan eligibility.
  • Loan Purpose: For home purchase, construction, renovation, or balance transfer.
  • Loan Amount and Tenure: Based on income, property value, and credit. Tenure up to 25 years.
  • Interest Rate Type: Choose between fixed or floating interest rates.
  • Completeness and Authenticity: Must provide complete, attested identity, income, and property documents.
  • Attestation Requirements: Foreign documents must be notarized or embassy-attested.
  • Power of Attorney (PoA): Enables authorized representatives to act on behalf of the NRI.
  • Exchange Rate Fluctuations: Affects EMI burden for NRIs repaying in foreign currency.
  • RBI and FEMA Regulations: Loans must adhere to RBI/FEMA rules including repatriation limits.
  • Market Conditions: Interest rates and property values change based on macroeconomic factors.

Frequently Asked Questions (FAQs)

What is the DBS Treasures NRI Home Loan?
The DBS Treasures NRI Home Loan is a financing solution for Non-Resident Indians (NRIs) to purchase, construct, renovate, or refinance residential properties in India. It offers competitive interest rates (8%–9% p.a.), tenures up to 25 years, and financing up to 80% of the property value, integrated with premium banking services.
Who is eligible for the DBS Treasures NRI Home Loan?
  • Be an NRI with a valid Indian passport.
  • Age: 21–60 years (or retirement age, whichever is lower).
  • Minimum 2 years of continuous employment abroad with valid job contract or work permit.
  • Maintain a Total Relationship Value (TRV) of INR 5 lakh at account opening, rising to INR 30 lakh within 6 months.
  • Strong credit history and income to support EMI payments.
  • Co-applicant or Power of Attorney (PoA) may be required for remote processing.
What types of properties can I finance with this loan?
  • Purchase of new, resale, or under-construction residential properties.
  • Construction on a residential plot.
  • Renovation or extension of an existing property.
  • Balance transfer of an existing home loan.
  • Properties must be in DBS-approved cities (e.g., Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad, Kolkata).
What is the interest rate for the NRI Home Loan?
  • Interest rates range from 8% to 9% p.a. depending on credit profile, loan amount, and market trends.
  • Fixed Rate: Constant EMI throughout the tenure.
  • Floating Rate: Linked to RBI’s Repo-Linked Lending Rate (RLLR).
  • Special discounts may apply for pre-approved borrowers or during festive seasons.
What is the maximum loan amount and tenure?
  • Loan Amount: Up to 80% of the market value, based on income and repayment capacity.
  • Tenure: Up to 25 years; tenure may reduce for applicants nearing retirement.
Can I get pre-approval for the loan?
Yes, DBS offers an in-principle pre-approval facility. Apply online or via a Relationship Manager by submitting preliminary income and ID documents. This helps assess your budget before finalizing a property.
What documents are required to apply for the loan?
  • Identity/Residency: Passport, valid visa/residence permit, overseas address proof.
  • Income Proof: 2 years ITRs (or 1 if same employer for 2+ years), salary slips, 6 months bank statements.
  • Employment Documents: Work permit, job contract, HR letter.
  • Property Documents: Sale deed, title deed, NOC, approved plan, tax receipts.
  • Balance Transfer: Existing loan documents, sanction letter, account statement.
  • Other: PAN card, photos, fee cheque, contribution proof, co-applicant or PoA documents.
  • Overseas documents must be notarized or attested by Indian embassy/consulate.
How do I apply for the DBS Treasures NRI Home Loan?
  • Open a DBS Treasures NRE/NRO account (TRV ≥ INR 5 lakh).
  • Use online eligibility calculator to estimate loan amount.
  • Apply online or through a Relationship Manager.
  • Upload required documents and await credit/property valuation.
  • Sign agreement, set up EMI auto-debit, and receive disbursement based on purpose.
Can I apply for the loan if I’m not in India?
Yes, the loan is designed for NRIs abroad. Apply online via the DBS Treasures website, upload documents digitally, or coordinate through your Relationship Manager. You may appoint a PoA in India or add a co-applicant to assist with formalities.
What is the Total Relationship Value (TRV) requirement?
  • Minimum TRV of INR 5 lakh at account opening.
  • TRV must grow to INR 30 lakh within 6 months.
  • Includes savings, fixed deposits, investments, insurance, and 40% of home loan balance.
  • Ensures access to premium DBS Treasures services and benefits.

List of DBS Treasures NRI Home Loans Bank

  • DBS Treasures Home Purchase Loan
  • DBS Treasures Home Construction Loan
  • DBS Treasures Home Renovation Loan
  • DBS Treasures Home Extension Loan
  • DBS Treasures Balance Transfer Loan
  • DBS Treasures Top-Up Loan