Property
India — Property: Mortgage Availability
NRI/OCI home loans are widely available from major lenders (SBI, HDFC, ICICI, Axis, LIC Housing Finance), financing 75-90% of the property value at interest rates typically 7.15-8.75%. Eligibility generally requires proof of NRI/OCI status, stable overseas income/employment history, a minimum age (usually 18-21), and a minimum income threshold that varies by lender and country of residence. Loan tenure for NRIs is shorter than for residents — typically 15-20 years (some lenders stretch to 25) versus up to 30 years for residents — and the loan must be fully repaid before the applicant turns 60-65.
VerifiedGovernment / official sourceSBI / HDFC / ICICI NRI home loan programsLast reviewed: 2026-07-20
Key facts
- Major NRI home loan lenders: SBI, HDFC, ICICI Bank, Axis Bank, LIC Housing Finance.
- Financing typically covers 75-90% of the property value; interest rates range roughly 7.15-8.75%.
- NRI loan tenure is shorter than for residents: typically 15-20 years (some lenders up to 25) versus up to 30 years for residents.
- Age cap: the loan must be fully repaid before the applicant turns 60-65.
- Eligibility requires NRI/OCI status proof, stable overseas income/employment history, and a minimum age (usually 18-21).
Required documents
- Passport and visa/work/residence permit (NRI/OCI proof)
- Proof of overseas income and employment continuity
- PAN card
- NRE/NRO bank account for EMI payments
Common mistakes
- Assuming resident-equivalent 30-year loan tenure applies to NRIs — the effective maximum is materially shorter due to the age-60-to-65 repayment cap.
- Applying with a job held for only a few months — lenders favor applicants with a longer track record of employment/business continuity.