NRI Home Loan

NRI Home Loan-Banner_WC

Banner-Dynamic-Scroll-CockpitMenu_HomeLoan

NRI Home Loan: Overview

Non-Resident Indians (NRIs), or Indian citizens residing abroad, can benefit from customised Home Loans in India to purchase property for residential or investment purposes. Bajaj Housing Finance provides Home Loans at competitive interest rates starting from 8.50%* p.a. for salaried applicants.

With EMIs as low as Rs.759/Lakh* and a flexible repayment tenor extending up to 20 years, basis eligibility and approval, you can repay the loan at your own pace.

Features and Benefits of NRI Home Loan

Competitive Interest Rate of 8.50%* p.a.

Salaried applicants can benefit from Home Loan EMIs as low as Rs.868/Lakh* at 8.50%* p.a.

Repayment Tenor of up to 20 Years

You can benefit from a longer tenor to manage your EMI repayment better, based on eligibility and approval.

Loan Amount of Rs.5 Crore*

Avail of a sizeable Home Loan of Rs.5 Crore* or even higher, depending on your eligibility.

Hassle-Free Application

Enjoy a truly hassle-free experience with our Home Loan application process. Our customer care representatives will assist you on every step to make your Home Loan journey easy.

6,000 + Approved Projects

Choose a property from our list of 6,000 + approved projects and enjoy the best borrowing terms, along with quick and hassle-free processing.

Online Tools for Better Decision-Making

Use our Home Loan EMI Calculator and the eligibility calculator to plan your finances effectively.

NRI Home Loan: Eligibility Criteria

Home Loan eligibility criteria for NRIs are as follows:

Age: You must be between 21 and 60 years** of age.

Nationality: To be eligible, both resident and non-resident Indians including NRIs, OCIs, PIOs and Merchant Navy service individuals.

Monthly Income: You should have a regular source of income, as your repayment capacity will be assessed based on your income.

Employment Status: To be considered eligible for an NRI Home Loan, you must have a steady employment history of a minimum of 3 years (total experience, including both in India and overseas), with a reputable company or an MNC. Additionally, you should have a minimum of 6 months of overseas experience in the same country.

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

NRI Home Loan: Documents Required

The following documents*** are required for a housing loan application of any Non-Resident Indian (NRI), Person of Indian Origin (PIO), Overseas Citizens of India (OCI) and individuals in Merchant Navy services:

KYC documents including proof of identity, address proof, proof of date of Birth, etc. A PAN Card is a mandatory document.
Copy of valid PIO/ OCI Card in case of PIO/OCI customers
Employment documents such as a valid visa with a work permit, ID card issued by the current employer, and appointment letter.
Income documents such as salary slips or salary certificate for the last 3 months, bank statements for the last 6 months and tax return copies for the last 2 years (if applicable)
Recent passport-sized photographs

***Additional documents may be required during loan processing.

NRI Home Loan: Interest Rates

Bajaj Housing Finance offers NRI housing loans at competitive interest rates alongside nominal charges, where applicable.

For a complete list of our housing loan interest rates, click here.